Archive: February 10, 2008 - February 16, 2008

Real Estate

*For Washington area homeowners with "jumbo" loans - or those over $417,000 - the economic stimulus package could mean some interest-rate relief. See story *Langley Park in Prince George's and and the Victory Heights apartment building in Columbia Heights are profiled....

By Terri Rupar | February 16, 2008; 1:57 PM ET | Comments (1)

Early Briefing:

*Mobile-home parks in the Washington area have been replaced by more expensive commercial development over recent years. But a bill in the Maryland legislature would require the county's mobile home park owners to notify residents if they plan to sell, giving residents a chance to make a collective offer to...

By Terri Rupar | February 16, 2008; 5:00 AM ET | Comments (0)

Assessing the loss of two giants

In just two weeks, two of Washington's biggest and best-known technology companies - AOL and Sprint Nextel - have taken steps likely to diminish their presence in the Washington region significantly. Sprint announced it is moving its executive headquarters from Reston to Overland Park, Kansas. And AOL's corporate parent, Time...

By Zachary Goldfarb | February 15, 2008; 10:30 AM ET | Comments (0)

Early Briefing: Georgetown's Bad Call

*Sometimes refs make bad calls, sometimes it's universities. For Georgetown, it was borrowing through auction-rate securities, says columnist Steven Pearlstein. While the school isn't in immediate financial danger, others who used the securities are. See his column here. *"Nanking," a project produced by Ted Leonsis of AOL and Caps fame,...

By Terri Rupar | February 15, 2008; 5:00 AM ET | Comments (0)

Ferris, Baker, Watts Agrees to Merge

Another pillar of the Washington-Baltimore region is leaving, er being acquired, this time by the U.S. subsidiary of the Royal Bank of Canada. Here's an account from the Associated Press: Royal Bank of Canada has reached a deal to buy Ferris, Baker, Watts Inc. to establish a stronger foothold in...

By Dan Beyers | February 14, 2008; 1:12 PM ET | Comments (2)

Early Briefing: Sprint's Really Leaving

Part of the old Nextel headquarters in Reston. The campus will now shrink some as headquarters decamps for Kansas. (By Tracy A. Woodward -- The Washington Post) *There has been lots of speculation about the dual-headquarters setup of Sprint Nextel since the merger. Yesterday, that came to an end...

By Terri Rupar | February 14, 2008; 5:00 AM ET | Comments (0)

Early Briefing: The Dulles Rail "Body Blow"

*Columnist Steven Pearlstein sees the decision not to fund the Dulles rail project as an "economic body blow" to the entire region. He criticizes the decision-making criteria and calls for a Plan B. See column *Lockheed Martin of Bethesda won a 10-year, $1 billion contract to develop what is expected...

By Terri Rupar | February 13, 2008; 5:00 AM ET | Comments (0)

Sprint Names Activist Investor to Its Board

Sprint Nextel said today it has named activist investor Ralph V. Whitworth to the company's board. Whitworth's investment firm Relational Investors hold 51.2 million shares of Sprint, according to Bloomberg -- nearly 2 percent of the outstanding stock. Whitworth, 52, said he would work with other board members to...

By Mike Shepard | February 12, 2008; 10:34 AM ET | Comments (0)

Early Briefing: Yahoo Talks To AOL

*Yahoo reached out to AOL to gauge whether the Internet pioneer might be interested in some form of partnership. The move follows Yahoo's formal rejection of Microsoft's $44 billion takeover offer. Some analysts speculated that Yahoo may be try to gain some leverage in its negotiations with the Company That...

By Dan Beyers | February 12, 2008; 7:53 AM ET | Comments (0)

Early Briefing: The 2008 Local Economy Challenge

On Mondays, we turn the Business section over to local news. Here's a sample of what's in today's Washington Business: Illustration by Mark Zingarelli for The Washington Post Making predictions about the region's economy during the past few years was a fairly straightforward exercise: count on steady growth across the...

By Mike Shepard | February 11, 2008; 1:00 AM ET | Comments (1)

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