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 socred yesterday when MiddleBrook said federal regulators have approved its once-daily amoxicillin treatment for strep throat. See story

*Shelter providers and advocates for the indigent say they're hearing more stories of homelessness than before the housing downturn as they count the region's homeless. See story

*A group of tenants at the Kennedy-Warren apartment building on Connecticut Avenue NW, near the zoo, are refusing to pay a $233 monthly renovation surcharge. They say that the owner, Bethesda-based B.F. Saul Co., is gutting the building's character, gouging tenants for renovation costs and violating rent control laws. See story.

*The deal for Radio One to move back to the District was finalized. See story.

*Freddie Mac of McLean said its holdings of mortgage assets grew at a 28.6 percent annual rate last month, the fastest in two years. The portfolio expanded by $16.7 billion, to $718 billion, in December after shrinking by about $30 billion over the previous three months. Freddie Mac moved to shore up its capital two months ago, after reporting a record $2 billion loss, by selling $6 billion in preferred stock and halving its dividend.

*ICF International, a policy, management and technology consulting firm with headquarters in Fairfax, said it agreed to buy privately held Jones & Stokes Associates for $50 million. The California employee-owned management firm focuses on the transportation, energy, water and natural resource sectors. The deal is expected to close next month. The purchase price is subject to a working capital adjustment at closing. See press release.

*USA Today, the largest U.S. newspaper by circulation, bought the operator of an action sports Web site and advertising network to bolster online sales. USA Today, owned by McLean-based Gannett, did not disclose the price. Banquet, based in Pasadena, Calif., operates the BNQT.com site and Cold War Collective ad network that includes 20 sites and blogs, USA Today said in this press release.

*Dominion Resources agreed to buy a 50 percent stake and some of the output of an Indiana wind farm under development by BP to capitalize on rising demand for renewable power. The farm will have 222 turbines producing as much as 400 megawatts by year-end, Richmond-based Dominion said. See press release.

By Terri Rupar  |  January 25, 2008; 5:00 AM ET  | Category:  Morning Brief
Previous: Northrop Grumman Earnings In Line With Expectations | Next: Potomac Businessman Finds Fortune in Hollywood


Please email us to report offensive comments.

The comments to this entry are closed.

RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company