Early Briefing: Local Bankruptcies Up Sharply
On Mondays we turn the Business section over to local news. Here's a sampling of what you'll find in today's Washington Business:
*The housing downturn and credit crunch have prompted a spike in business bankruptcies filed by Washington area firms. See story.
*As a weakening dollar draws more transatlantic tourists to the United States, a few local merchants have begun to accept euros as payment for goods and services. We visit a falafel shop in Adams Morgan that has added the euro option to its cash register. See story.
*Lynda M. Clarizio, the new head of the AOL's online advertising network, takes the helm today at a turbulent time for the company. See story.
*Not getting enough deals done on the golf course at your current private club? A new club in Northern Virginia puts a special focus on business by offering corporate-only memberships. See story.
*Top executives feeling the need for speed may be casting a covetous eye on the new business jet unveiled by General Dynamics' Gulfstream unit. See story.
*Burke & Herbert says farewell to director Robert E. Lee IV, who's retiring from the bank's board after 30 years of service. See story.
*Johanna Neumann of the Maryland Public Interest Research Group writes that legislation allowing for-profit debt management firms to operate in the state is against consumer interests and should be rejected. See her commentary.
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