Archive: January 20, 2008 - January 26, 2008

Real Estate

*Can a house with seven bedrooms, 6 1/2 baths and four fireplaces (as well as a a gym, two laundry rooms and two kitchens) be green? Joe Monfredo of Anne Arundel thinks so. See story *There's more than one way to tap home equity, and you should figure out what...

By Terri Rupar | January 26, 2008; 1:01 PM ET | Comments (0)

Early Briefing: Richard Darman

*Richard G. Darman, the budget director under President George H.W. Bush who persuaded him to go back on "no new taxes," died at the age of 64. He was an adviser at the Carlyle Group of the District and chairman of AES of Arlington. See obituary and appreciation *Washingtonians responded...

By Terri Rupar | January 26, 2008; 5:00 AM ET | Comments (0)

Potomac Businessman Finds Fortune in Hollywood

Potomac businessman Norman M. Dreyfuss jetted to the Sundance Film Festival in Park City, Utah, last week hoping for his third successful movie venture in a row. Dreyfuss is chief operating officer for IDI Group Companies, which owns real estate investments in the Washington area that include Leisure Worlds in...

By Mike Shepard | January 25, 2008; 11:20 PM ET | Comments (0)

Early Briefing: Dulles Extension All but Dead

*Without dramatic changes, the Metro extension to Dulles International Airport won't get $900 million in federal money that it needs. The extension has been promoted by the region's political and business establishments to ease congestion and promote growth in Virginia. See story *Germantown's MiddleBrook Pharmaceuticals and the Maryland biotech industry...

By Terri Rupar | January 25, 2008; 5:00 AM ET | Comments (0)

Northrop Grumman Earnings In Line With Expectations

Northrop Grumman, one of the Washington region's largest private sector employers, said its profit during the fourth quarter remained essentially flat compared with the corresponding period last year. (See the company's news release.) The Los Angeles-based defense contractor said it earned $454 million, or $1.31 a share, in the...

By Mike Shepard | January 24, 2008; 1:21 PM ET | Comments (0)

An Executive Shuffle At Sprint

No doubt about it: There's a new sheriff in town at Sprint: RESTON, Va. (AP) -- Sprint Nextel Corp. said Thursday three executives, including Chief Financial Officer Paul Saleh and Chief Marketing Officer Tim Kelly, will leave the company Friday. Mark Angelino, president of sales and distribution, will also exit....

By Dan Beyers | January 24, 2008; 10:06 AM ET | Comments (0)

Profits Up 10 Percent At Lockheed

By Stephen Manning AP Business Writer" Lockheed Martin Corp. on Thursday said profits rose 10 percent in the fourth quarter, as gains in its space, information technology and electronic systems units made up for a dip in sales of fighter jets. The Bethesda defense contractor reported a profit of...

By Dan Beyers | January 24, 2008; 9:56 AM ET | Comments (0)

Early Briefing: Ripples From The Credit Crunch

*On a day that Maryland Gov. Martin O'Malley delivered a State of the State address in which he addressed budget issues and measure to stop foreclosure, local companies announced financial results that showed the effects of the credit crunch in the fourth quarter. Sallie Mae of Reston lost $1.64 billion...

By Terri Rupar | January 24, 2008; 5:00 AM ET | Comments (0)

General Dynamics Fourth Quarter Profit Up 42 Percent

From the Associated Press General Dynamics said yesterday that higher sales of combat vehicles to the Army and corporate jets pushed fourth-quarter profit up 42 percent, but the defense contractor's 2008 outlook fell short of Wall Street forecasts. See the company's earnings release.) Profit at the Falls Church company rose...

By Mike Shepard | January 23, 2008; 6:48 PM ET | Comments (1)

Early Briefing: Another Stadium For Prince George's?

*As the Nationals' stadium prepares to open, Maryland has decided to spend $75,000 on a feasibility study to look at the economic impact and potential tax benefits of building a home for D.C. United in Prince George's County. See story *CoGenesys of Rockville, which was spun off from Human Genome...

By Terri Rupar | January 23, 2008; 5:00 AM ET | Comments (0)

Ciena Agrees to Buy World Wide Packets

Ciena Corp., a Linthicum maker of telecommunications equipment, said today it has agreed to buy World Wide Packets for about $290 million in cash and stock. (See Ciena's statement.) Founded in 1999, privately held World Wide Packets sells equipment for networks that use Carrier Ethernet technology. The companies said that...

By Mike Shepard | January 22, 2008; 6:51 PM ET | Comments (0)

Bowling For Dividends

From a Bowl America filing with the SEC: Memo from Leslie H. Goldberg, President, dated January 22, 2008, mailed to security holders of record January 10, 2008. January 22, 2008 Dear Fellow Owners: The enclosed third quarter dividend is being paid earlier than usual this year. Today is the 50th...

By Dan Beyers | January 22, 2008; 3:13 PM ET | Comments (0)

Early Briefing: A Conversation With Carlyle's Conway

On Mondays, we turn the Business section over to local news. Here's a sampling of what you'll find in this morning's Washington Business: William E. Conway Jr., applying the Carlyle business model, is leveraging his $5 million donation to build hundreds of residences for the homeless in D.C. (By Julia...

By Mike Shepard | January 21, 2008; 6:56 AM ET | Comments (0)

 
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