Early Briefing: NPR Is Staying


*Lured by tax abatements for the next two decades, NPR will stay in the District instead of moving to Silver Spring. It will build a newsroom in NoMa, on North Capitol Street, transforming a warehouse of the former Chesapeake and Potomac Telephone Co. The tax deal will save NPR $40 million. See story

*A bill that would save state-chartered banks from paying hundreds of millions of dollars in refunds and damages to homeowners - and pits banks against Orioles owner Peter Angelos - is moving through the General Assembly. At issue are the penalties banks charge borrowers who pay off the loans early. See story

*The Wall Street Journal reports that companies including Lockheed Martin of Bethesda are sponsoring school lesson plans, hoping to attract tomorrow's workers. See story (subscription required)

*BAE Systems, Europe's biggest weapons maker, agreed to sell its Rockville-based flight systems unit to Calspan for $62.5 million in cash. The sale, subject to regulatory approvals and financing, would include additional payments based on the division's revenue over the next five years, BAE said. Calspan, of Mojave, Calif., has 170 workers who perform aircraft modification and flight tests for military and commercial customers, including the Defense Department and NASA. See press release.

*Frank Parsons Paper, the largest fine-paper distributor in the United States, said it would consolidate its operations in Prince George's County and Baltimore and move its headquarters from Landover to Anne Arundel County this year. The company plans to shift about 200 employees to the Baltimore Commons Business Park near Baltimore-Washington International Marshall Airport. See press release.

*Capella Education, Apollo Group and other providers of Web-based college classes were accused by a District company of violating patents for managing online coursework. Digital-Vending Services International was founded to license patents obtained by the nonprofit Community Learning and Information Network.

*General Dynamics raised its quarterly dividend to 35 cents a share from 29 cents. The dividend is payable May 9 to shareholders of record on April 11, the Falls Church defense contractor said in a press release.

By Terri Rupar  |  March 6, 2008; 5:00 AM ET  | Category:  Morning Brief
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