Archive: October 28, 2007 - November 3, 2007

Real Estate

*One effect of the credit crunch is that buyers actually need down payments. See story *Eastern Market was named one of the 10 "great neighborhoods" of the United States. It's actually a building and not officially a neighborhood, but it's still a focus of Hill life. See story *Laytonsville in...

By Terri Rupar | November 3, 2007; 3:04 PM ET | Comments (0)

Early Briefing

*A regional group of Latino business leaders is launching an ad campaign on CNN this weekend in hopes of countering anti-illegal-immigrant measures they fear will spread throughout Virginia. See story *Local filmmakers Annabel Park and Eric Byler post footage on YouTube nearly every day related to the immigration debate, offering...

By Terri Rupar | November 3, 2007; 5:00 AM ET | Comments (0)

In Trial Run of Ferry Lie Dreams of An Easier Commute

Could the Washington area go in the direction of Seattle, New York and Venice -- cities that use their waterways as an important mode of transportation? A test run last week of a high-speed ferry between Quantico in Prince William county and the Navy Yard in the District, made that...

By Mike Shepard | November 2, 2007; 4:52 PM ET | Comments (0)

Early Briefing: Convention Center Hotel Clears Hurdle

Here's some of the local business stories in Friday's paper: *A headquarters hotel for the Washington Convention Center can move forward after the District acquired a 60,000-square-foot parcel from Kingdon Gould III in exchange for a similar-sized plot a few blocks away. See story. *Mayor Adrian M. Fenty announced a...

By Terri Rupar | November 2, 2007; 5:00 AM ET | Comments (0)

Profits Decline Sharply At Sprint

Profts fell sharply at Sprint Nextel Corp. in the third quarter as the Reston company reported a decline in the number of wireless customers. The company reported net income of $64 million (2 cents per share) down 77 percent percent from $279 (9 cents) for the same period in 2006....

By Dan Beyers | November 1, 2007; 7:13 AM ET | Comments (2)

Early Briefing: Urban Trust Comes To Wal-Mart

Here's some of the local business stories in Thursday's newspaper: *Robert L. Johnson's first Urban Trust branch in a Wal-Mart officially opened yesterday in suburban Landover Hills. See story. *A fight that began over a union member's objection to a new development that would include a nonunion Wegmans grocery store...

By Terri Rupar | November 1, 2007; 5:00 AM ET | Comments (0)

Early Briefing: Flexcar and Zipcar Merge

*Zipcar and Flexcar, owned by Steve Case's Revolution LLC, the country's two major car-sharing companies, plan to merge. See story *Warren Buffett, the billionaire investor and director of The Washington Post Co., testified via video at the hearing of former Freddie Mac chief executive Leland Brendsel. See story. *The Federal...

By Terri Rupar | October 31, 2007; 5:00 AM ET | Comments (0)

Early Briefing 10.30.07: New Postal Regs

Here's some of the local business stories in Tuesday's paper: * Did you stock up on those forever stamps? In his Federal Diary column, Stephen Barr says the Postal Regulatory Commission gave the U.S. Postal Service more leeway in setting prices. The post office can now adjust rates annually for...

By Dan Beyers | October 30, 2007; 6:38 AM ET | Comments (0)

Host Hotel's CEO Departs To Head Hilton

Christopher J. Nassetta has resigned as president and chief executive of Host Hotels & Resorts to take the same positions with the Hilton Hotels Corp. The announcement comes just days after Blackstone wrapped up its $20 billion purchase of Los Angeles-based Hilton. Nassetta had led Bethesda-based Host for 12 years....

By Dan Beyers | October 29, 2007; 7:05 AM ET | Comments (0)

Early Briefing 10.29.2007

On Mondays, we turn the Business section over to local news. Here's a sampling of the stories you'll find in today's Washington Business: * Bill Marriott's youngest son has raised his profile at the family's hotel company with a remake of its sales operations. The moves by David Marriott have...

By Mike Shepard | October 29, 2007; 2:00 AM ET | Comments (0)

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