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 Communications Commission is set to ban contracts for cable TV providers to bring service to apartment buildings, condo complexes and subdivisions, such as several Loudoun County neighborhoods signed with OpenBand Multimedia when they were built five years ago. See story

*Job growth in the Washington region softened slightly in September, suggesting that the pace of expansion in one of the nation's strongest employment markets has begun to slow, economists said. The number of local jobs increased by 43,300, or 1.46 percent, in September from the corresponding period last year.See story.

*Matthew Lawlor, the chief executive of Online Resources, sought to soothe investors after the Chantilly company's stock price tumbled, saying that its fundamentals are strong and that he would buy about 10,000 shares. See story.

*Many of the District's 7,500 cabdrivers planned to strike today to protest the switch to metered fares, but the largest cab companies said they would be open for business and officials predicted the disruption might not be great.

* Washington Post Co. Chairman Donald E. Graham gave 94,300 shares of his company stock to his wife, Mary, according to a regulatory filing, that will be placed in a trust and used to start a foundation.

*Sirius Satellite Radio and XM Satellite Radio Holdings of the District said shareholder advisory firm Glass Lewis recommended that investors vote in favor of their merger. See press release.

*SI International, an information technology company in Reston, said it expects fourth-quarter earnings below Wall Street analysts' estimates. The company estimated earnings per share of 39 or 40 cents on revenue of $139 million to $142 million. Analysts polled by Thomson Financial expected earnings of 41 cents on revenue of $144.1 million. See press release.

By Terri Rupar  |  October 31, 2007; 5:00 AM ET  | Category:  Morning Brief
Previous: Early Briefing 10.30.07: New Postal Regs | Next: Early Briefing: Urban Trust Comes To Wal-Mart


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