Archive: March 9, 2008 - March 15, 2008

Early Briefing: Goodbye, Produce Galore

Margaret Pendleton, left, says goodbye to longtime customer Evelyn Tanner, who was fond of Produce Galore's soups. The store had offered 400 varieties over the years. (Marvin Joseph/twp - The Washington Post) *The Columbia grocery store was started in 1976 with $1,000 won on a lottery ticket. It sold...

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

TGIF: Happy St. Patrick's Day

We didn't know exactly when to post this little St. Patty's Day greeting from O'Keeffe & Company, the Alexandria marketing firm. Everyone seems to be celebrating the green on a different day this year. (Which doesn't sound like so bad an idea). Here's what no less than an authority than...

By Dan Beyers | March 14, 2008; 4:07 PM ET | Comments (1)

Prince George's Exec Promises Help In Tough Times

By Anita Huslin If economic signs suggest more rainclouds gathering over the Washington region, the forecast for Prince George's County is sunshine-y bright. At least in the meteorologic world according to Prince George's County Executive Jack B. Johnson. He delivered his prognostication during the annual state-of-the-county report Thursday night before...

By Dan Beyers | March 14, 2008; 11:24 AM ET | Comments (1)

TechPost: Freewebs Moves Into Social Gaming

Here's staff writer Zach Goldfarb's weekly update on the local technology community: Freewebs, the free online Web hosting service and widget maker based in Silver Spring, has spun off a new gaming company. It's all part of the scramble to build applications that work within Facebook and other social networks....

By Zachary Goldfarb | March 14, 2008; 10:30 AM ET | Comments (0)

Early Briefing: Anatomy Of A Collapse

Carlyle Group founders, from left, Daniel D'Aniello, David Rubenstein and William Conway, saw their $500 million deal to save Carlyle Capital collapse. (By Julia Ewan -- The Washington Post) *Staff writer Tom Heath offers an inside glimpse of Carlyle Group's attempt to save Carlyle Capital before the European fund...

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

Carlyle European Unit Collapses

This story moved late last night and only made some editions of the newspaper: By Thomas Heath A publicly traded affiliate of the Carlyle Group said yesterday that lenders were seizing its assets, sending the fund, Carlyle Capital, into insolvency. The collapse of Carlyle Capital is the first time a...

By Dan Beyers | March 13, 2008; 7:33 AM ET | Comments (0)

Early Briefing: Mortgage Firm Employees Under Investigation

*The FBI is investigating whether employees of a now-defunct Northern Virginia mortgage company were involved in what several lawsuits allege was a scheme to steal vacant homes by forging deeds, according to people familiar with the probe. The employees worked for 1st American Mortgage of Vienna, which went out of...

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

Freddie Mac Chief Resists Calls To Boost Capital

By David S. Hilzenrath Freddie Mac, the giant mortgage funding company, sent a fresh signal today that it won't compromise the interests of its shareholders to increase its potential support for the troubled housing market. The McLean firm, which is chartered by the government but trades on the New York...

By Dan Beyers | March 12, 2008; 2:30 PM ET | Comments (0)

Post Co. Outlines Plan For Newsroom Buyouts

By Frank Ahrens New Washington Post publisher Katharine Weymouth announced the terms of the previously announced employee buyouts today and said that because of the tough times in the newspaper industry, "I am sorry to say that we cannot rule out layoffs." The paper said last month it would offer...

By Dan Beyers | March 12, 2008; 12:54 PM ET | Comments (0)

Early Briefing: Costs Could Rise For Lockheed Jet

*It was already the most expensive weapons program ever: Now Lockheed Martin's Joint Strike Fighter could cost up to $38 billion more, the Government Accountability Office says. That would bring the cost of the 2,458 F-35s to $337 billion, 45 percent more than originally estimated in October 2001. See story...

By Terri Rupar | March 12, 2008; 5:00 AM ET | Comments (0)

XM's Lee Abrams Moves To Tribune Co.

By Frank Ahrens Lee Abrams, the creative heart and soul of XM Satellite Radio since its 1998 founding in Washington, is leaving to help retool the Tribune Co. Abrams, 55, will be the chief innovation officer for Tribune, based in his hometown of Chicago, the company said today. In the...

By Dan Beyers | March 11, 2008; 2:23 PM ET | Comments (0)

Value Added: Money From Menus

Here's Tom Heath's latest blog-in-a-blog entry on Washington's successful business people: Restaurateur Dan Mesches, who runs D.C.'s Zola, Spy City Cafe and formerly the red hot Red Sage restaurant, now defunct, talks about the "aha moments" that change your life. That's when something crystallizes in your brain and a path...

By Dan Beyers | March 11, 2008; 2:06 PM ET | Comments (0)

Early Briefing: Md. Opening Door To Credit Counselors?

* A legislative proposal in Maryland would allow for-profit credit counseling companies to operate in the state, just as nonprofit firms do. Maryland is one of only a handful of states to close its doors to for-profit firms that charge consumers deep in debt to find financial security. But a...

By Dan Beyers | March 11, 2008; 7:15 AM ET | Comments (0)

Up and Down; Freddie, Ciena, USA Mobility

Freddie Mac (FRE) of McLean had made it off our list of top 10 losers for the year two weeks ago, only to get right back on it last week after losing 22 percent of its value. Shares have lost 44 percent over the past three months and 67...

By Terri Rupar | March 10, 2008; 12:00 PM ET | Comments (0)

The Social Threesome and Video Mash-ups

Searchles is a social search, video and bookmarking site based in the District. It has received more than $1 million in funding from local investor Mark Walsh and is run by Elias Shams, a serial technology entrepreneur. The Web site has a nifty feature that lets you select YouTube...

By Zachary Goldfarb | March 10, 2008; 9:30 AM ET | Comments (1)

Early Briefing: Cell Phone Spam

On Monday's we turn the Business section over to local news. Here's some of the stories in today's paper: * The spam messages that have long plagued e-mail inboxes are now finding victims through a much more personal route: the cellphone. Text messages are the latest tool for advertisers and...

By Dan Beyers | March 10, 2008; 5:57 AM ET | Comments (1)

 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company