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.

The Amsterdam Falafelshop in Adams Morgan, owned by avid travelers Arianne Bennett, above, and husband Scott, has reached out to transatlantic visitors. Photo Credit: By James M. Thresher -- The Washington Post Photo

*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.

By Mike Shepard  |  March 17, 2008; 5:59 AM ET
Previous: Early Briefing: Goodbye, Produce Galore | Next: Up and Down: Capital One, Freddie Mac and MuniMae


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