Archive: January 6, 2008 - January 12, 2008

Real Estate

*Residents of an Adams Morgan condo building in October are figuring out what their insurance will and won't cover - or that they should have had insurance in the first place. There are often misunderstandings on what insurance will do. See story *Fairfax City offers programs to help people upgrade...

By Terri Rupar | January 12, 2008; 1:04 PM ET | Comments (0)

Early Briefing: Local Effects

*Things aren't looking good these days, and there were local signs yesterday of the struggling economy. Comstock Homebuilding of Reston was upgraded by an analyst, sending its shares up because, the analyst said the company is now less likely to file for bankruptcy. The upgrade came after Comstock sold some...

By Terri Rupar | January 12, 2008; 5:00 AM ET | Comments (0)

Housing Downturn Prompts Provident Writedown

Troubles in the mortgage and housing markets have hit another local financial services business. Provident Bankshares said today that it would take an after-tax charge of $28.9 million in the fourth quarter to account for write downs in the value of real estate-backed securities in its investment portfolio. The Baltimore-based...

By Mike Shepard | January 11, 2008; 6:41 PM ET | Comments (0)

Commercial Real Estate Update: A Walk Down Half Street

F. Russell Hines, executive vice president of District-based Monument Realty, stood on Half Street SE Thursday morning, at the foot of the frenetic development site that is the new Nationals baseball stadium, laying out his vision for the street leading into the park. He spoke of flashy retail shops, restaurants,...

By Mike Shepard | January 11, 2008; 11:02 AM ET | Comments (0)

Early Briefing: Al Lord's Fights

Albert Lord led the Committee to Restore Value at Sallie Mae, but the stock is selling below $20 a share. (By Larry Morris -- The Washington Post) *Columnist Steven Pearlstein says Sallie Mae chief Al Lord has been a battler most of his career at the student loan giant....

By Terri Rupar | January 11, 2008; 5:00 AM ET | Comments (0)

Capital One's Falling Profit

Here's a look at its stock: Capital One Financial of McLean, one of the nation's largest providers of credit cards and auto loans, announced 2007 profit would fall about 20 percent below an earlier forecast, offering fresh evidence that the credit crunch is taking a toll on a wide swath...

By Dan Beyers | January 10, 2008; 8:20 AM ET | Comments (0)

Early Briefing: Shaq and the Oscars

*Shaquille O'Neal's bid for Oasis Winery in Fauquier County was beaten out by one from real estate agent Casey Margenau. But that deal fell through. Could Shaq make a comeback? See the Reliable Source. *Tammy Cheskis from Anne Arundel County will be one of the people giving away swag at...

By Terri Rupar | January 10, 2008; 5:00 AM ET | Comments (0)

A Familiar Face Returns to NII Holdings as CEO

A familiar face is returning next month to NII Holdings to take over as chief executive of the Reston wireless provider. Steven P. Dussek, who ran the company in 1999 and 2000 when it was still a subsidiary of Nextel Communications, will rejoin NII's executive team on Feb. 11, the...

By Mike Shepard | January 9, 2008; 7:36 PM ET | Comments (1)

Early Briefing: Another Loss for Snyder

The Redskins lose, Joe Gibbs resigns, Six Flags shares are at an all-time low and the Golden Globes are canceled, but the turmoil in Dan Snyder's empire is deceiving. (By Jonathan Newton -- The Washington Post) *In case you didn't hear, Joe Gibbs left as the coach of the...

By Terri Rupar | January 9, 2008; 5:00 AM ET | Comments (0)

Early Briefing: Circuit City's Falling Sales

(By Steven Senne -- Associated Press) * Our fondness for everything flat screen was apparently not enough to make a happy Christmas for electronics retailer Circuit City, which reported that same-store sales fell 11.4 percent in December. Based on those results the Richmond company said it still project modest...

By Dan Beyers | January 8, 2008; 7:40 AM ET | Comments (0)

Sallie Mae Taps Banking Veteran as Its New Chairman

From the Associated Press: Sallie Mae, the nation's largest student lender, on Monday named veteran banking industry executive Anthony P. Terracciano chairman of its board. Former Sallie Mae Chairman Albert L. Lord, who held that title for three weeks, has been appointed vice chairman and will remain chief executive officer...

By Mike Shepard | January 7, 2008; 1:32 PM ET | Comments (0)

Early Briefing: Meet the CEO of Gaylord

Gaylord Entertainment CEO Colin Reed is greeted by Susan Servin at the Gaylord Texan resort. Reed hopes efforts to build customer loyalty will help sustain the National Harbor project, set to open four months from now. (By William Snyder for The Washington Post) *This week, Washington Business takes a...

By Mike Shepard | January 7, 2008; 12:50 PM ET | Comments (0)

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