Roundup: USEC, Legg Mason, General Dynamics

News from the Washington area:

*USEC of Bethesda said it bought a 74-acre site in Oak Ridge, Tenn., formerly owned by Boeing. USEC, which supplies enriched uranium, said the area includes a 200,000-square-foot building built to make and test centrifuge machines, so it saves time and money by not having to build a new facility.

*Jeffries & Co. analyst Daniel Furtado downgraded American Capital Strategies of Bethesda to "underperform" to "hold," saying it's doubtful the company can match returns of previous year, the Associated Press reported. Furtado also said American Capital Strategies may have to mark down some investments.

*Standard & Poor's Ratings Services lowered its outlook to stable from positive on Baltimore-based Legg Mason and affirmed the investment manager's investment-grade ratings, the Associated Press reported. The change is in response to that it'll take a $316 million charge to help support one of its subsidiaries.

*General Dynamics' Bath Iron Works unit won a contract from competitor Northrop Grumman to make "upper wing units" for an amphibious transport dock ship. Financial terms of the deal were not disclosed.

*ING Clarion Partners said it bought 1111 19th St. NW for $115 million. The building, which is 12 stories and has 263,000 square feet of space, is 96 percent occupied.

By Terri Rupar  |  April 1, 2008; 4:32 PM ET  | Category:  Roundup
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