Archive: October 21, 2007 - October 27, 2007

Real Estate

*Frederick is growing and being revitalized, but some question whether the town is losing what makes it special. See story *Gum Springs in Alexandria and Dominion at Eden Brook in Columbia are profiled....

By Terri Rupar | October 27, 2007; 12:35 PM ET | Comments (0)

Early Briefing

*Though Fannie Mae and Freddie Mac have been arguing that they should be granted authority to buy more mortgages to help ease a credit crunch, both companies reduced their mortgage-related investments in September, widening the gap between their holdings and the limits on those holdings. See story *Unemployment in Northern...

By Terri Rupar | October 27, 2007; 5:00 AM ET | Comments (0)

Urban Trust Bank Set to Open Branch at Md. Wal-Mart

Robert L. Johnson is scheduled to unveil the first of a new line of branches for his Urban Trust Bank next week at the Landover Hills Wal-Mart. Johnson's federally charted savings bank plans to open a series of branches in the mega-retailer's stores, offering offer a full suite of banking...

By Mike Shepard | October 26, 2007; 7:30 PM ET | Comments (0)

Early Briefing

Here's some of the local business stories in Friday's paper: *A hundred of Giant Food's 185 stores in the District, Maryland, Virginia and Delaware are slated for renovation over the next three years, the largest investment in the chain since it was acquired by the Dutch company Royal Ahold nearly...

By Terri Rupar | October 26, 2007; 5:00 AM ET | Comments (0)

Ground Broken on Salamander Resort in Middleburg

There she was, braving a downpour in muddy boots, pushing a gold shovel into a 340-acre Virginia meadow where equestrians like Pamela Harriman and Jacqueline Kennedy Onassis once rode. Sheila Johnson broke ground Thursday morning on her $130 million Salamander Resort & Spa, a luxury inn destined to be the...

By Mike Shepard | October 25, 2007; 5:33 PM ET | Comments (0)

Air Force Asks For New Bids On Rescue Helicopter

The Air Force's announcement is a victory for Lockheed Martin and Sikorsky, which had protested an original decision to award a contract for search-and-rescue helicopters to Boeing. Here's Reuters' take: By Jim Wolf The U.S. Air Force expects to award by mid-February a recompeted contract for a new rescue helicopter...

By Dan Beyers | October 25, 2007; 6:57 AM ET | Comments (0)

Early Briefing

Here's some of the local business stories that appeared in Thursday's paper: *There's a crackdown on vans that food is sold from, called vendadores by their Latino customers, in Prince George's County. Some owners are trying to differentiate from older vendors who try to abide by rules and newer ones...

By Terri Rupar | October 25, 2007; 5:00 AM ET | Comments (0)

Bob Dylan And The Future of Advertising

If it's Wednesday, it must be time for Bob Dylan's Theme Time Radio Hour on XM Satellite radio. Each week, Dylan selects songs that play off his theme of the week. Last week, it was classic rock, and by that, he meant the kind made of stone. This week, the...

By Dan Beyers | October 24, 2007; 3:43 PM ET | Comments (7)

A Student Lender Walked Into A Bar....

The WSJ (subscription required) gives a glimpse today of one of the characters in Sallie Mae's high-profile court fight to force its one-time buyers either to follow through with their $25 billion deal or pay a $900 million breakup fee. "Presiding over a hearing Monday was Delaware Vice Chancellor Leo...

By Dan Beyers | October 24, 2007; 7:56 AM ET | Comments (0)

Early Briefing

*Williams Industries swung to a loss for fiscal 2007 and posted a warning: "Williams Industries continues to face a liquidity and business crisis," it said in an SEC filing yesterday. "The company faces numerous business, financial and legal risks, and its auditors have expressed substantial doubt about its ability to...

By Terri Rupar | October 24, 2007; 5:00 AM ET | Comments (0)

Lockheed Martin Reports Strong Third Quarter Results

From the Associated Press Strong results across its four business units pushed third quarter earnings up 22 percent Tuesday at defense contractor Lockheed Martin, as the company beat Wall Street expectations and boosted its outlook for 2007. But the improved forecast and 2008 earnings guidance still fell shy of analyst...

By Mike Shepard | October 23, 2007; 11:53 AM ET | Comments (1)

Early Briefing 10.23.07

Here's some of the local business stories that appeared in today's paper: * The private equity firm Carlyle is partnering with distance-learning giant Apollo, known best for its for-profit University of Phoenix, to create a $1 billion venture to invest in international education services companies. See story. * Billionaire investor...

By Dan Beyers | October 23, 2007; 6:48 AM ET | Comments (0)

Shareholders Rebuff Sunrise

Shareholders have rebuffed Sunrise Senior Living, the McLean assisted living provider, on two issues of corporate governance. Sunrise said an overwhelming number of shareholders at last week's annual meeting approved a nonbinding resolution to elect all nine of the company's directors every year, rather than three per year. A pension...

By Dan Beyers | October 22, 2007; 6:35 PM ET | Comments (0)

Harman, Buyers Settle Over Aborted Merger

Kohlberg Kravis Roberts & Co. and Goldman Sachs have agreed to invest $400 million in Harman International Industries in the wake of their decision to walk away from an $8 billion deal to buy the District company. "Although we do not agree with the reasons for cancellation of the original...

By Dan Beyers | October 22, 2007; 6:54 AM ET | Comments (0)

Early Briefing 10.22.2007

On Mondays, we turn the Business section over to local news. Here's a sampling of what can be found in today's Washington Business. CEO Randy Falco is trying to make AOL into a global Internet advertising firm that can compete with Yahoo and Google.(By Helayne Seidman For The Washington Post)...

By Mike Shepard | October 22, 2007; 2:59 AM ET | Comments (0)

 
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