Archive: March 23, 2008 - March 29, 2008

Early Briefing: Grocery Talks Continue

*Giant and Safeway are still in talks with the United Food and Commercial Workers over a new contract; the old one expires at midnight tonight. The union has been rallying public support, and talks are expected to continue through the weekend. *The D.C. rent administrator has rejected a deal between...

By Terri Rupar | March 29, 2008; 5:00 AM ET | Comments (0)

Early Briefing: The Lerners and The City

*The Lerners drew on their experience in developing successful malls and office centers in working with the new Nationals stadium. Mark Lerner, son of Bethesda real estate magnate Theodore N. Lerner, who heads the ownership group, said the family's goal was to bring personality to the stadium - and bring...

By Terri Rupar | March 28, 2008; 5:00 AM ET | Comments (0)

Early Briefing: Latinos in Prince William

*The Latino subculture in Prince William County appears to be coming undonet, hurt by the crackdown on illegal immigration and construction downturn. It's hurting the business of local Latino stores and restaurants, as well as other shops such as the 99 Cent Plus in Woodbridge. See story *Maryland Gov. Martin...

By Terri Rupar | March 27, 2008; 5:00 AM ET | Comments (4)

If It's Local and a Rolodex ...

... it's Loladex, and it's a new Facebook application founded by two former AOL executives who outsourced the work to Viget Labs of Falls Church. The application is designed to help you find restaurants or mechanics in your neighborhood through your friends' recommendations, Kim Hart writes over at Post I.T....

By Terri Rupar | March 26, 2008; 11:35 AM ET | Comments (1)

Early Briefing: After XM-Sirius, What's Next?

*Columnist Steven Pearlstein is not happy with the Justice Department's approval of the merger between XM and Sirius. He writes: For the past several years, these two companies have been competing so hard for talent, distribution channels and customers that neither has been able to turn a profit, and probably...

By Terri Rupar | March 26, 2008; 5:00 AM ET | Comments (0)

Value Added: "Building Something Pretty Spectacular"

Here's Tom Heath's latest column on Washington's successful business people: Alba Alemán says she is "really stuck in the sandwich." That's yuppie-speak for supporting your parents and children at the same time. The 40-year-old founder of a Chantilly computer company has the means to do it. Her company, called Citizant,...

By Dan Beyers | March 25, 2008; 12:03 PM ET | Comments (22)

Early Briefing: Prince George's Tiny Slice Of Pie

* Of the 361 contracts issued to build the massive National Harbor development, only 12 went to minority-owned businesses in Prince George's County, despite an agreement aimed at bringing more business to county firms. See story. * Radio One is selling its Los Angeles station to Bonneville International for about...

By Dan Beyers | March 25, 2008; 7:48 AM ET | Comments (0)

Justice Department Clears XM-Sirius Merger

From the Associated Press: The Justice Department approved Sirius Satellite Radio's $5 billion buyout of rival XM Satellite Radio on Monday, saying the deal was unlikely to hurt competition or consumers. The deal was approved despite opposition from consumer groups and an intense lobbying campaign by the land-based radio industry....

By Dan Beyers | March 24, 2008; 3:27 PM ET | Comments (1)

Up and Down: The GSEs, Martek, Sunrise, Vanda

It was a good week to be a government-sponsored enterprise. Or at least an investor in one. Shares of Freddie Mac (FRE) soared 54 percent, shares of Fannie Mae (FNM) 53 percent and shares of Farmer Mac (AGM) 23 percent. Both Fannie and Freddie are still below their 52-week highs...

By Terri Rupar | March 24, 2008; 12:00 PM ET | Comments (0)

Early Briefing: Region's Venture Capital Growth Lags

On Mondays, we turn the Business pages over to local news. Here's a sample of what you'll find in this morning's Washington Business. *The Washington region has slipped as a destination for venture capital over the past several years, losing ground in the national rankings to faster-growing regions of the...

By Mike Shepard | March 24, 2008; 6:44 AM ET | Comments (0)

 
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