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:
Carlyle Group co-founder William E. Conway Jr. talks about his latest venture: a $5 million gift to a charity that helps the homeless. The usually press-shy billionaire explains what prompted the donation, and also shares his outlook on the economy and whether the District-based private equity firm would go public this year. See story.
No, you're not seeing double: there really are two Macy's at Fair Oaks Mall in Fairfax. The twin stores are a legacy of Macy's purchase of the parent company of Hecht's, but the company has no immediate plans to close either of the locations, which occupy anchor positions at the mall, because - as analysts note - giving up one of the spots could allow a competitor to move in. See story.
Five District residents who say they were tricked into signing away their homes have reached out-of-court settlements that let them keep their houses and pay them a total of $455,000. See story.
Marriott International has hired as its new global diversity officer a Howard University graduate who got her start at the lodging chain working as a hotel gift shop attendant during her college years. Jimmie Walton Paschall comes aboard as the company is making a big growth push overseas and is seeking to extend its historically strong reputation for diversity to its new foreign locations. See story.
The November election is a long way off, but planning for a presidential transition is already underway at many federal agencies. In today's Federal Diary, columnist Stephen Barr visits with the top brass at the Department of Homeland Security, which is getting ready for the first change in White House administration in its relatively short history. See column.
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