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.
*One of the area's leading African American-owned government contractors has accepted a buyout offer from an aerospace engineering company based in Southern California. Founded 15 years ago by Prince George's native Rodney Hunt, privately held RS Information Systems grew into a business generated $300 million in annual revenue. See story.
*WCI Communities' battle to build a 22-story luxury condominium in Columbia, is part of the Florida developer's larger struggle against real estate market headwinds. See story.
*Owned by the same family since its founding in 1861, the plumbing supply firm Thos. Somerville Co. has ambitious expansion plans despite the housing downturn, which has caused competitors to cut back. See story.
*Handwritten drug prescriptions still dominate the market, but an Alexandria firm called SureScripts that operates an e-prescription network is hoping that recent political moves can help it expand. See story
*Compromise on Capitol Hill may settle dispute over new Defense Department compensation rules that seek to more rigorously link pay raises for civilian employees to job performance. See Stephen Barr's Federal Diary column.
*Reginald F. Lewis, a corporate takeover legend, continues to inspire the African American business community more than a decade after his death. See story.
*A Greenbelt game maker is gaining some traction with its new board game, Wits & Wagers, which puts a gaming-table twist on the familiar trivia contest format. See story
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Posted by: Dominic | December 11, 2007 1:46 PM
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