Early Briefing

*Economic and legal factors are contributing to day laborers' difficulty in finding work. See story. Meawhile, a work stoppage called for Prince William on Tuesday appeared to have limited impact. See story.

*Company filings indicates that former Sprint Nextel chief Gary Forsee could receive a severance package worth $54 million. See story.

*MaxJet said that as of Oct. 29, it is suspending flights out of Dulles. It'll keep its headquarters there, though. See story.

*Sallie Mae and its would-be buyers are ready for their court fight. See story.

* "Junior" Johnson, whose now-defunct company PurchasePro became embroiled in an accounting scandal with AOL in 2001, headed to trial again in federal court in Alexandria. See story.

*President Bush would veto a bill that would require Fannie Mae and Freddie Mac to set aside as much as $600 million a year to build or renovate 1.5 million homes for lower-income families, the White House said.

*EPlus, a Herndon maker of business software, announced its earnings for the quarter ended Sept. 30, 2006. Profit for its second quarter was $978,000, compared with a restated $1.7 million in the comparable period the previous year. Revenue was $198.7 million, up from a restated $174.2 million.
The company said in August 2006 that it would restate earnings for the previous two years because of "incorrect accounting" for stock option awards. Its stock was delisted from the Nasdaq Stock Market in July because its 2006 financial reports were not filed on time.

By Terri Rupar  |  October 10, 2007; 5:00 AM ET  | Category:  Morning Brief
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