Archive: May 25, 2008 - May 31, 2008

Early Briefing: What Separates Legg Mason and T. Rowe Price

* The headquarters of two leading asset management firms, Legg Mason and T. Rowe Price, stand a block apart on Baltimore's Inner Harbor, but more than a city street divides them. In the most recent quarter, T. Rowe's earnings rose 6 percent as investors, undeterred by falling markets and the...

By Terri Rupar | May 30, 2008; 5:00 AM ET | Comments (0)

Roundup: GenVec, Martek, Marriott, GD, Lockheed

From staff and wire reports * GenVec said early test results of its treatment for esophageal cancer showed encouraging long-term results. The median survival time for patients taking the Gaithersburg company's drug, TNFerade, along with chemo radiation, was 48.4 months, compared with 9.7 to 18.6 months in comparable studies. The...

By Terri Rupar | May 29, 2008; 4:30 PM ET | Comments (0)

The First Executive Interview: Dan Mudd

We grabbed some time and some executives at our Post 200 event a couple of weeks ago and tried out a new feature for the WashBiz blog. This is our first of what we hope is many executive interviews. Today: Dan Mudd, CEO of Fannie Mae, who had talked to...

By Terri Rupar | May 29, 2008; 12:21 PM ET | Comments (2)

Dyncorp Fourth-Quarter Profit Falls 48 Percent

From the Associated Press DynCorp International said fiscal fourth-quarter profit sank 48 percent, to $9.8 million (17 cents a share) from $18.9 million (33 cents) in the comparable period a year earlier, mostly on revenue lost from a joint venture. Revenue at the Falls Church-based contractor rose 4 percent, to...

By Terri Rupar | May 29, 2008; 11:10 AM ET | Comments (0)

Harman to Step Down as Chairman

An updated version, with an interview with Sidney Harman, by staff writer Thomas Heath Sidney Harman said he will retire in July as chairman of Harman International Industries, ending a five-decade tenure at the head of the high-end sound equipment maker he founded here. "I have worked hard to ensure...

By Terri Rupar | May 29, 2008; 10:32 AM ET | Comments (0)

Early Briefing: Transforming Tysons

What could Tysons look like? (Davis, Carter, Scott Ltd.) *Remaking Tysons Corner from a car-dominated tangle of offices, malls and auto dealers into a livable city will start moving ahead in the coming weeks. County leaders and landowners are unveiling sweeping proposals to build densely packed high-rises, miles of...

By Terri Rupar | May 29, 2008; 5:00 AM ET | Comments (0)

Roundup: Learning Tree, FBR Capital Markets, Gannett

From staff and wire reports *Learning Tree International said it is soliciting offers to purchase the company. Reston-based Learning Tree, which provides educational and training services for information technology professionals, said it is still considering operating as a stand-alone company or pursuing other strategic alternatives. The company said it will...

By Terri Rupar | May 28, 2008; 4:17 PM ET | Comments (0)

Early Briefing: Another New Stadium For DC?

The new stadium would be a loooong fly ball from Nationals Park * A coalition of D.C. Council members is drafting legislation that would authorize Mayor Adrian M. Fenty to spend $150 million in public money to subsidize construction of a soccer stadium for D.C. United in Southeast Washington,...

By Dan Beyers | May 28, 2008; 7:16 AM ET | Comments (0)

Value Added: Taking Advantage Of Opportunities

One of my favorite experiences is jetting to Phoenix, Ariz., each January, where my wife, Polly, and I visit her parents and I attend the FBR Open, one of the wilder events on the PGA Tour and a corporate schmoozefest sponsored by Friedman, Billings, Ramsey Group, the Rosslyn investment...

By Dan Beyers | May 27, 2008; 6:40 PM ET | Comments (40)

Up and Down: Trex, Sallie, NVR

Stocks had their biggest weekly drop in almost four months last week, with the S&P 500 down 3.5 percent. The Post-Bloomberg Regional index fell 3.68 percent last week. *The biggest gainer on our list was Trex (TWP) of Winchester. The decking maker's shares gained 28 percent last week, closing at...

By Terri Rupar | May 27, 2008; 12:00 PM ET | Comments (0)

Early Briefing: Emergent Makes a Buy

*Emergent BioSolutions said it wanted to diversify beyond biodefense, and to that end it is buying Protein Sciences of Meriden, Conn. Protein Sciences makes a next-generation flu vaccine called FluBlok that federal regulators have put on a fast track to approval. Under the terms of the deal, which includes assumption...

By Terri Rupar | May 27, 2008; 5:00 AM ET | Comments (0)

Early Briefing: Liggins Wants Focus on Web

(By Katherine Frey -- The Washington Post) *Radio One CEO Alfred Liggins doesn't want shareholders to focus on the company's stock price or his recent raise at the company's meeting this week. He wants them to look at Web ventures - the key, he thinks, to his media empire's...

By Terri Rupar | May 26, 2008; 5:00 AM ET | Comments (0)

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