Archive: January 27, 2008 - February 2, 2008

Real Estate

*When you get your property tax assessment, you might want to consider a challenge. See story *An Arlington house decorated by interior design students at Marymount University is for sale. See story *16th Street Heights in the District and the Arbors at Arundel Preserve are profiled....

By Terri Rupar | February 2, 2008; 1:06 PM ET | Comments (0)

Early Briefing: The Under Armour Ad Blitz

*Investors are worried that Under Armour isn't protecting its profit as the company prepares to launch an ad blitz during the Super Bowl. See story *A law that would change the rules of the Maryland Automobile Insurance Fund was introduced. Lawmakers say the rules on the fund, which insures vehicles...

By Terri Rupar | February 2, 2008; 5:00 AM ET | Comments (1)

Early Briefing: Rah-Rah! The Gaylord Pep Rally

Would your company do this? At the Gaylord Palms in Orlando, Vice President Emily Ellis, center, leads the parade of hotel Stars. (Courtesy Of Gaylord) * Have you chest-bumped your boss today? "Dennis Miller once said, 'If you're 35 years old and you're wearing a plastic tag with your...

By Terri Rupar | February 1, 2008; 5:00 AM ET | Comments (0)

Not Everyone's Coming With CSC

Computer Sciences Corp.'s finance chief, Michael E. Keane, has decided not to move with the company from the Los Angeles area to the Washington area. He's resigned the CFO post, though he's staying on as a VP through the transition period, the company said. Donald G. DeBuck, a vice president...

By Terri Rupar | January 31, 2008; 4:30 PM ET | Comments (1)

Sprint's $30.7 Billion Hangover

By David Twiddy Associated Press Sprint Nextel Corp., the nation's third-largest wireless provider, said Thursday it will have to write off a significant chunk of the remaining value of its 2005 purchase of Reston's Nextel Communications Inc. and several affiliates, reflecting the continued struggles of its wireless operations. In...

By Dan Beyers | January 31, 2008; 3:45 PM ET | Comments (0)

Report on the Regional Office Market

The Downtown DC BID released a report on the regional office market that compares the prices in the District with prices elsewhere in the region and suggests ways to keep D.C. office space competitive. The report's author expresses concern that the office market will stop growing at its current rate....

By Terri Rupar | January 31, 2008; 3:20 PM ET | Comments (0)

Early Briefing: CSC Moving Here

*It seems like we've had to talk about companies moving away lately. But yesterday Computer Sciences Corp. said it's officially moving its headquarters from the L.A. area to the D.C. area. Along with that are probably a few hundred employees to add to the 11,000 who are already here. See...

By Terri Rupar | January 31, 2008; 5:00 AM ET | Comments (0)

ComScore's Web Predictions For '08

By Zachary A. Goldfarb Magid M. Abraham (Photo courtesy of comScore) Recently, I talked to Magid M. Abraham, the chief executive of comScore, the Reston company that tracks Web traffic. As such, Abraham has a first look at what trends are playing out online. He shared a list of predictions...

By Zachary Goldfarb | January 30, 2008; 1:00 PM ET | Comments (0)

Early Briefing: Putting A Stimulus Plan To Work

There's seemingly no end to the ways the economic downturn is shaping discussions these days. Richmond lawmakers are considering whether to grant developers some relief from fees, the governor is talking about higher tolls to Dulles, struggling Sprint Nextel is looking for partners to help it build its WiMax super...

By Dan Beyers | January 30, 2008; 7:02 AM ET | Comments (1)

Sidney Harman Stays Put

His company may be leaving, but the man is not, according to staff writer Thomas Heath: Sidney Harman, founder of Harman International Industries, says he is staying in the city, even though his company chieftans will be in Stamford, Conn. by the end of this year. "We are sensibly consolidating...

By Dan Beyers | January 29, 2008; 5:01 PM ET | Comments (0)

NVR Profit Slumps on Falling Orders for New Homes

Local builder NVR said its fourth quarter profit tumbled 50 percent as tighter lending standards prompted more home buyers to back out of contracts. See the company's news release. The Reston company said it earned $67.3 million ($11.72 a share) in the period ended Dec. 31, down from $135.2 million...

By Mike Shepard | January 29, 2008; 1:17 PM ET | Comments (0)

Early Briefing: G'bye Harman? Hello "Edition"

Will Sidney Harman stay if his office moves? (Robert A. Reeder - Twp) * Is Washington about to lose another big name? Harman International Industries, the multibillion-dollar manufacturer of high-end audio equipment and electronic systems, will move its District headquarters staff to Connecticut by the end of the year,...

By Dan Beyers | January 29, 2008; 7:40 AM ET | Comments (0)

Sallie Mae Gets $31 Billion Financing Deal

After being left at the altar, Sallie Mae has decided to let bygones by bygones, in exchange for a little credit help. This, from the Associated Press: Sallie Mae on Monday said it agreed to drop its lawsuit against a group of investors that backed out of buying the student...

By Dan Beyers | January 28, 2008; 11:56 AM ET | Comments (0)

Can Private Equity Save The Dulles Rail?

Or maybe a better question is should private equity take over? Several private equity investors such as Carlyle Group are reviewing proposals to partner with Virginia for a rail line to Dulles International Airport as hope fades that the federal government will help fund the 23-mile Metrorail extension. "It does...

By Dan Beyers | January 28, 2008; 7:45 AM ET | Comments (4)

Early Briefing: A Look at the Area's Economy

On Mondays, we turn the Business section over to local news. In today's Washington Business, we start by taking a closer look at what might lie ahead for the economy, both locally and nationally. * Different visions of the region's economic outlook could be found in the financial results filed...

By Mike Shepard | January 28, 2008; 5:53 AM ET | Comments (0)

 
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