* AOL is moving to New York to be closer to advertisers. But it may be difficult to capture much of the online-ad market. See story
* Carlyle Group plans to announce the hiring of its first in-house lobbyist: David M. Marchick from Covington & Burling. See story
* The D.C. Council voted 12 to 1 yesterday to approve a bill that would require payday lenders to charge the same annual percentage rate as banks and credit unions. The lenders woul dhave to adhere to a 24 percent cap on the annual percentage rate charged on a loan. Payday lenders, of which there are 48 in the District, say that's not enough and it will put them out of business. See story
* Cisco Systems, the world's biggest maker of computer-networking equipment, agreed to buy Cognio, a private Germantown company that makes devices to detect and block interference in wireless Internet connections. Terms were not disclosed.
* Radio One of Lanham said it recently completed the sale of its radio stations in Louisville, Minneapolis and Dayton, Ohio, for $104 million.
* Sunrise Senior Living, based in McLean, said the New York Stock Exchange said it must file its annual earnings report for the year ended Dec. 31, 2006, before March 17 to retain its stock listing.
Please email us to report offensive comments.
Posted by: Jon | September 19, 2007 5:40 PM
Posted by: Jon | September 19, 2007 5:47 PM
The comments to this entry are closed.