Archive: November 11, 2007 - November 17, 2007

Early Briefing: Fannie Shares Slide

* Shares of Fannie Mae experienced their steepest two-day drop in 20 years after concerns grew among investors that the home mortgage giant changed its financial disclosures in a way that could mask credit losses. The company said it did not change its accounting, only the way it presented...

By Dan Beyers | November 17, 2007; 8:01 AM ET | Comments (0)

ManTech Buying Herndon-Based McDonald Bradley

ManTech International, a Fairfax-based government contractor that specializes in information technology services, said today it has agreed to acquire McDonald Bradley for $76.5 million in cash. A privately held technology firm founded in 1985 and based in Herndon, McDonald Bradley does extensive national security work for the government, and counts...

By Mike Shepard | November 16, 2007; 11:51 AM ET | Comments (0)

Jobs Cuts At USA Today

From the Associated Press: USA Today, the highest circulation newspaper in the country and the flagship of McLean's Gannett Co., announced plans Thursday to eliminate about 45 newsroom jobs. The job losses reflect a cut of almost 9 percent to a current newsroom staff of about 500, USA Today spokeswoman...

By Dan Beyers | November 16, 2007; 8:14 AM ET | Comments (7)

Early Briefing: Cost-Conscious Colleges

Steve Pearlstein says "the next time you hear a college president explain how its not humanly possible to hold down annual tuition increases without affecting quality or reducing student aid, tell him to call "Brit" Kirwan". (By Dudley M. Brooks -- The Washington Post) *Columnist Steve Pearlstein says the...

By Terri Rupar | November 16, 2007; 5:00 AM ET | Comments (0)

Early Briefing: Backing Local Entrepreneurs

Motley Fool founders Tom Gardner (pictured) and his brother David are part of the team of high-powered advisers joining Launchbox. The Gardners started The Motley Fool, a financial media company, in 1993. But what happened to those ubiquitous Fool's hats they used to wear? *Area notables including AOL's Ted...

By Terri Rupar | November 15, 2007; 5:00 AM ET | Comments (0)

Early Briefing: Shareholders OK Satellite Radio Merger

Former FCC Chairman Reed Hundt also gives merger his backing. (By Susan Goldman -- Bloomberg News) *XM and Sirius shareholders voted to approve the $5 billion merger of the two companies, though it still faces regulatory scrutiny. Also, Reed E. Hundt, who was FCC chairman when XM and Sirius...

By Terri Rupar | November 14, 2007; 5:00 AM ET | Comments (0)

Halifax Group Invests in Major Papa John's Franchisee

The Halifax Group of Washington led a management buyout of P.J. United, the largest franchisee of Papa John's pizza chain, the private equity firm announced Tuesday. Terms of the deal were not disclosed. Halifax's deals are usually around $100 million. Halifax, P.J. United founder Douglas S. Stephens and his top...

By Mike Shepard | November 13, 2007; 2:31 PM ET | Comments (0)

What's A Web 2.0?

As Zachary Goldfarb and Kendra Marr showed in a pair of stories last week (Web's New Field Of Dreams Emerges in D.C. and "Building A Community, Byte By Byte"), there seems to be a stirring of creativity in the local Web 2.0 world these days, with all sorts of startups...

By Dan Beyers | November 13, 2007; 1:17 PM ET | Comments (1)

Early Briefing: E*Trade Hit Hard

Here's some of the local business stories that appeared in Tuesday's paper: * E*Trade, the online trading pioneer with substantial operations in Arlington, saw its stock fall 59 percent after it warned it would be writing down the value of mortgage-related securities and investments. See story. * Want to...

By Dan Beyers | November 13, 2007; 7:02 AM ET | Comments (0)

Chantilly-Based Intersections Buys Online Security Firm

From the Associated Press Financial information services provider Intersections Inc. said today it agreed to buy online security company Net Enforcers for $14 million cash. Net Enforcers provides corporate identity theft protection services including online auction monitoring and enforcement, intellectual property monitoring and other services. Its products are designed to...

By Mike Shepard | November 12, 2007; 10:55 AM ET | Comments (0)

Early Briefing: Dulles Braces For a Pause

On Mondays we turn the Business section over to local news. Today's Washington Business is a special issue focusing on commercial real estate in the area around Washington Dulles International Airport. * The Dulles Corridor has grown in spurts over the past decade, first during the technology boom and more...

By Mike Shepard | November 12, 2007; 2:19 AM ET | Comments (0)

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