Early Briefing: Celebration Over Dulles Extension


Dinegar

*News that the federal government had decided to let the Dulles rail go through pleased business and transportation leaders.

"We're all celebrating today," said Eileen Curtis, president of the Dulles Regional Chamber of Commerce.

Jim Dinegar, president and chief executive officer of the Greater Washington Board of Trade, said the rail project will be a powerful economic stimulus for the area.

"This is a region-wide real shot in the arm," he said. "At $5 billion over the next several years, it will also help smooth out some of the dips in the economy. That's a pretty good shot of money."

*Time Warner said it will spin off its cable division, so now the future of AOL gets the company's attention.

AOL has become two increasingly disparate parts -- a diminishing dial-up Internet access business and a growing online advertising arm called Platform A. Time Warner has been talking about a merger of AOL's ad unit with the popular Yahoo portal. But in March, chief executive Jeffrey L. Bewkes told investors that he would even consider holding on to Platform A and adding to it.

*The D.C. Court of Appeals denied a request by a group of D.C. cabdrivers to delay the switch from zone to time-and-distance taxi meters. The change is set to take effect today.

By Terri Rupar  |  May 1, 2008; 5:00 AM ET  | Category:  Morning Brief
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