Archive: May 18, 2008 - May 24, 2008

Early Briefing: Booz and Carlyle

*Columnist Steven Pearlstein praises the split-up of Booz Allen Hamilton and the involvement of Carlyle Group. "In Booz, Carlyle has picked up a jewel of a company that offers proven management, steady cash flow and a valuable brand name," the columnist writes. And Booz has found an owner that will...

By Terri Rupar | May 23, 2008; 5:00 AM ET | Comments (0)

Roundup: Media General, XM, Hughes

From staff and wire reports *Media General said it will have cut its work force by nearly 11 percent, or 750 jobs, by October to reduce operating costs. The publisher of the Richmond Times-Dispatch, the Tampa Tribune and Winston-Salem Journal said it expects annual savings of $40 million from the...

By Terri Rupar | May 22, 2008; 5:11 PM ET | Comments (0)

Early Briefing: D.C., Nats Tussle Over Stadium

* Night after night, tens of thousands of fans crowd into Nationals Park to watch baseball. The views are spectacular, the scoreboard is dazzling, the team can't hit -- ah, well, you can't have everything. But at least the stadium, against many expectations, got built on time and on budget....

By Dan Beyers | May 22, 2008; 7:33 AM ET | Comments (0)

The New Booz & Co.

By Zachary A. Goldfarb Booz Allen Hamilton, the giant McLean consulting company, today gave more details about its plan to separate its commercial management consulting unit from its government business. The new management consulting company, focused on companies and foreign governments, will be called Booz & Co. and be led...

By Terri Rupar | May 21, 2008; 6:28 PM ET | Comments (3)

Roundup: CSC, Capital One, Freddie Mac

From wire reports *Computer Sciences Corp. said fourth-quarter profit fell 29 percent, to R181.7 million ($1.15 a share) from $254.2 million ($1.44) in the comparable period a year earlier. The Falls Church-based manager of networks for NASA and the U.S. Navy said revenue climbed 11 percent, to $4.48 billion. Computer...

By Terri Rupar | May 21, 2008; 5:00 PM ET | Comments (0)

Early Briefing: Moving Forward In A Downturn

* The economy may be slogging through a credit crisis, housing prices may be falling, but some folks are still making plans for the future. Catholic University has chosen a developer to turn nearly nine acres across from its Northeast Washington campus into a dense mix of restaurants, shops and...

By Dan Beyers | May 21, 2008; 7:03 AM ET | Comments (1)

Value Added: Getting The Car Washed

Here's Tom Heath's latest column on Washington's entrepreneurial set: David DuGoff loves rainy Tuesdays. He relishes big trees that drop nasty yellow pollen all over cars. He prays for a couple of feet of snow every January and February. Not all at the same time, but enough to throw lots...

By Dan Beyers | May 20, 2008; 7:16 PM ET | Comments (14)

Early Briefing: The Back Story

* They once were fierce rivals; now they are teaming up: Healthy Back, a Lorton company that sells ergonomic home and office products, has bought the assets of competitor, Beltsville-based JoAnne's Bed & Back, out of bankruptcy. Healthy Back bought the inventory of its rival Friday for $600,000 and assumed...

By Dan Beyers | May 20, 2008; 6:51 AM ET | Comments (1)

Up and Down: Iomai, Stanley, Fortress International, MCG Capital

The S&P 500 hit its highest level since January last week, and the Post-Bloomberg regional index gained 2.11 percent. *The biggest gainer of last week was Iomai (IOMI), whose shares climbed 120 percent on news of its purchase by Intercell for $6.60 a share. Shares of the Gaithersburg biotech didn't...

By Terri Rupar | May 19, 2008; 12:00 PM ET | Comments (0)

Early Briefing: Vending in Schools

It's Monday, the day the Business section goes all local. As part of the series on obesity in children, we take a look at the vending-machine business. (By Carol Guzy - The Washington Post) *Stephanie McMahan stockpiled Clif Bars, baked pita chips, and rice and corn puffs. With items like...

By Terri Rupar | May 19, 2008; 5:00 AM ET | Comments (0)

 
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