Archive: May 4, 2008 - May 10, 2008

From The Editor: Who Would Be In Your Post 200?

Tucked inside your newspaper this Monday will be our latest little project -- the Post 200, our annual guide to Washington's largest companies, banks, nonprofits, employers and law and lobby firms. We've shaken up the publication this year and made several changes to the way we compile the list....

By Dan Beyers | May 9, 2008; 12:17 PM ET | Comments (0)

Early Briefing: Radio One's Struggles

Getty Images Photo *Radio One said it lost $18.3 million in the first quarter, compared with a profit of $744,000 in the first three months of 2007, hurt by a slump in national advertising. Chief executive Alfred C. Liggins III, left, sought to explain stock sales by him and...

By Terri Rupar | May 9, 2008; 5:00 AM ET | Comments (0)

Revenue Up As Discovery Prepares For IPO

By Frank Ahrens Discovery Communications LLC reported today that first-quarter revenue was up 12 percent, from $710 million to $795 million, on the strength of advertising and subscriber revenue at its television networks. Discovery Holding Co., controlled by billionaire media mogul John Malone, owns two-thirds of Discovery Communications, home to...

By Dan Beyers | May 8, 2008; 1:30 PM ET | Comments (0)

Earnings: Argon ST, MCG, RCN

*Argon ST said second-quarter profit grew more than 32 percent, to $5.5 million (25 cents a share) from $4.2 million (18 cents) in the comparable period a year earlier. The Fairfax-based provider of systems and services for what is known as C5ISR -- command, control, communications, computers, combat systems, intelligence,...

By Terri Rupar | May 8, 2008; 11:28 AM ET | Comments (0)

Early Briefing: New Chief for General Dynamics

Nicholas Chabraja (Stephen Morton -- Bloomberg News) *Nicholas Chabraja was a somewhat unconventional choice to lead General Dynamics when he assumed the roles of chairman and chief executive in 1997 - he was the company's longtime lawyer, in an industry where engineers and program managers usually rise to become...

By Terri Rupar | May 8, 2008; 5:00 AM ET | Comments (0)

Roundup: NeuStar, Blackboard, Legg Mason

From staff and wire reports *NeuStar said it swung to a first-quarter loss of $4.5 million (6 cents a share), cmpared with a profit of $18 million (23 cents) in the comparable period a year earlier, as a hefty charge offset revenue growth. Revenue at the Sterling-based provider of clearinghouse...

By Terri Rupar | May 7, 2008; 5:12 PM ET | Comments (0)

Earnings: Allied Capital, FTI Consulting, GTSI, Hughes, and Interstate

From staff and wire reports *Allied Capital of the District posted a loss for the first quarter of $40.7 million (25 cents a share), compared with a profit of $133.1 million (87 cents) in the comparable period a year earlier, as the fund's investments in certain kinds of debt soured....

By Terri Rupar | May 7, 2008; 11:23 AM ET | Comments (0)

Value Added: This Business Is For The Dogs

Here's Tom Heath's latest column on Washington's entrepreneurial set: I have been dying to write about the Canine Fitness Center for a year. Why? Because it combines a couple of my passions: my Yellow Labrador Retriever named Babe and, secondly, cool little businesses. If you don't like dogs, you may...

By Dan Beyers | May 7, 2008; 11:00 AM ET | Comments (16)

Early Briefing: Sprint-Clearwire

*Sprint Nextel, formerly based in Reston, is expected to announce as early as today a joint venture with Clearwire to build a WiMax network that would cover the country, staff writer Cecilia Kang reports. The venture, expected to be valued around $12 billion, will be backed by a total of...

By Terri Rupar | May 7, 2008; 5:00 AM ET | Comments (0)

Roundup: Earnings from Gladstone Commercial, Harman, SRA, and More

From staff and wire reports *Gladstone Commercial of McLean said first-quarter funds from operations grew about 15 percent, to $3.4 million (39 cents a share) from $2.9 million (34 cents) in the comparable period a year earlier. Revenue grew 28.8 percent, to $9.5 million. During the quarter, Gladstone purchased three...

By Terri Rupar | May 6, 2008; 5:28 PM ET | Comments (0)

Earnings: Trex, CapitalSource

*Trex of Winchester said first-quarter profit grew 139 percent, to $8.9 million (60 cents) from $3.7 million (25 cents) in the comparable period a year earlier. Revenue grew 3.1 percent, to $119.5 million.* Ronald W. Kaplan, chief executive of the Winchester, Va.-based maker of composite decking and fencing materials, said,...

By Terri Rupar | May 6, 2008; 12:03 PM ET | Comments (0)

Legg Mason Posts $255.5 Million Loss in Q4

From the Associated Press Legg Mason lost more than $250 million in the fiscal fourth quarter as the Baltimore-based investment manager set money aside for possible bailouts of funds suffering from turbulent markets, the company said. Legg Mason lost $255.5 million ($1.81 per share) in the three months ending March...

By Terri Rupar | May 6, 2008; 11:34 AM ET | Comments (0)

Early Briefing: Support Wanes For Tysons Tunnel

* TysonsTunnel.org, the vocal grass-roots organization that has fought to place the proposed Metrorail stations at Tysons Corner underground, is out of money and has lost the support of its primary backer, the developer WestGroup. Yet the organization plans a rally May 19 to revive the debate and try to...

By Dan Beyers | May 6, 2008; 7:06 AM ET | Comments (0)

Up and Down: Sallie Mae, Hanger, Micros Systems, MicroStrategy

Stocks rose last week, boosted by a better-than-forecast jobs report and news of a takeover of Wm. Wrigley Jr. Co. by Mars. The S&P 500 hit a five-month high. *Shares of Sallie Mae (SLM) rose 22 percent last week, closing at $21.75. Shares of student lenders were boosted by Congress's...

By Terri Rupar | May 5, 2008; 12:00 PM ET | Comments (0)

Q&A: Suzanne Clark of National Journal Group

In January 2007, Suzanne Clark became president of National Journal Group, whose properties include National Journal, CongressDaily, the Hotline, the Almanac of American Politics, Convention Daily and "Washington Week with Gwen Ifill and National Journal." Clark, 40, attended Georgetown University's undergraduate program and received an MBA at the school. She...

By Terri Rupar | May 5, 2008; 10:30 AM ET | Comments (0)

Early Briefing: Emergent Buying Anthrax Vaccine

It's Monday, which means the Business section is all local. A worker at Vaxgen (Photos By Thor Swift For The Washington Post) *Emergent BioSolutions of Rockville is spending $2 million on an anthrax vaccine that federal health officials dropped in 2006. It is buying the vaccine from VaxGen of South...

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

 
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