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 has turned into a deep dispute between labor in the area and the leadership of the Prince George's Democratic Party. See story.

*Fannie Mae of the District loosened its review process for multifamily-property loans it will buy, allowing lenders to act faster in a potentially weaker market. The first changes to the Delegated Underwriting and Servicing Program in 20 years will enable lenders to make more loans that Fannie Mae will buy without first looking at their details, said Michele Evans, vice president of multifamily corporate affairs at the company.

*Martek Biosciences of Columbia, which makes of nutritional oils for foods and baby formula, won a court injunction against the Nutrinova unit of rival Lonza Group after a jury ruling of patent-infringement last year. See press release.

By Terri Rupar  |  November 1, 2007; 5:00 AM ET  | Category:  Morning Brief
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