Archive: December 9, 2007 - December 15, 2007

Real Estate

*Condo buyers are grappling with the declining values of their homes or units becoming rentals. See story *Little River Hills in Fairfax City and Park Station in Gaithersburg are profiled....

By Terri Rupar | December 15, 2007; 2:52 PM ET | Comments (0)

Early Briefing: Lord's Stock and Job

*Albert Lord sold 1.2 million shares to meet the requirements of his "borrowing arrangements," Sallie Mae said, and added "chief executive" to his current title of executive chairman. See story *In retirement communities including Riderwood in Silver Spring, Nintendo's Wii is a popular activity. See story *At the new Club...

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

Freddie Mac Offers Its Own Version of "The Sting"

Part of a video posted on YouTube last week is captioned "The Sting," but it's unlikely to be confused with the Oscar-winning film by that name starring Paul Newman and Robert Redford. The new video (see it here) was sponsored by Freddie Mac, the federally chartered mortgage funding company, to...

By Mike Shepard | December 14, 2007; 5:09 PM ET | Comments (1)

Early Briefing: A New Program for Discovery

*Discovery Communications Inc. said it will go public after 25 years as a private company with complex ownership. Details on its future board, ticker symbol and IPO price have yet to be determined. See story *The finance chief of WCI Communities, a struggling Florida home builder with plans to build...

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

Early Briefing: Sallie's Legal Action Continues

*Sallie Mae Chairman Albert Lord said his firm suggested to J.C. Flowers & Co., whose earlier deal to buy the student lender collapsed, that it submit another bid and was rebuffed. The company also reduced its earnings outlook for the quarter and all of 2008. See story *The Metropolitan Washington...

By Terri Rupar | December 13, 2007; 5:00 AM ET | Comments (0)

Early Briefing: Lexus Lanes For The Power Grid

*Just as special toll lanes charge drivers a fee to travel at rush hours, electricity customers may soon be paying more when the grid is congested and less when it's not. Pepco is about to experiment with a pilot program to charge certain randomly selected homeowners extra if they want...

By Terri Rupar | December 12, 2007; 5:00 AM ET | Comments (0)

FortiusOne Adds Former AOL Executive to Its Roster

FortiusOne, an Arlington-based Internet mapping company, said today it has hired Chris Marentis as president and chief operating officer. He was also appointed to the company's board. Marentis previously served as a senior executive at AOL and most recently was chief executive of Clearspring, a McLean-based software maker. "With disruptive...

By Mike Shepard | December 11, 2007; 3:11 PM ET | Comments (0)

Early Briefing: The Data Center Power Play

* Electricity might be a vital commodity to technology firms, but many in Northern Virginia are ambivalent about a Dominion Virginia Power project to bring additional power to the region. Among those staying on the sidelines are most of the area's data center operators. See story. Dominion says the region...

By Dan Beyers | December 11, 2007; 7:27 AM ET | Comments (0)

The Widget Ad Network

Clearspring Technologies is creating another way to deliver one company's ads to another's Web site or desktop. The DC startup said it has started the Widget Ad Network, which will allow people to not only serve up their content on social networking sites, start pages and blogs, but also their...

By Dan Beyers | December 10, 2007; 7:36 AM ET | Comments (0)

Early Briefing: RS Information Systems Sold

On Monday's we turn the Business section over to local news. Here's a sample of what you'll find in today's Washington Business. Rodney Hunt grew his RSIS to 1,500 staffers in 15 years. (Photo - Handout) *One of the area's leading African American-owned government contractors has accepted a buyout offer...

By Mike Shepard | December 10, 2007; 5:20 AM ET | Comments (0)

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