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 let it operate as it has been and give it the capital it needs.

*More than 100 Washington Post reporters, editors, photographers, artists and other journalists - including military affairs reporter Thomas E. Ricks; feature writer Peter Carlson; science reporter Rick Weiss; the husband-wife foreign-correspondent team of John Ward Anderson and Molly Moore; critics Stephen Hunter, Desson Thomson and Tim Page; and federal government columnist Stephen Barr - will take early retirement packages offered by the company as a way to cut costs, reducing the newsroom staff by at least 10 percent.

Mark and Elaine Hendricks offered to throw in their Mustang convertible but still couldn't attract any interest in their Woodbridge home.(Giuliana Nakashima -- The Washington Post)

*Mark and Elaine Hendricks recently offered their 2000 Mustang convertible as a freebie to anyone who would buy their Woodbridge house, but even that failed to distinguish it from the roughly 700 other homes for sale in their Zip code.

Frustrated home sellers are adopting extreme tactics, with mixed results, as they try to stand out in a crowded market. They're giving away prizes, sweetening commissions for agents, and trying to auction or raffle off their homes when all else fails.

*Biotechnology firms MedImmune and Genentech settled a lawsuit over a patented component of Synagis, MedImmune's best-selling drug, which is aimed at preventing respiratory infections in infants. Terms were not disclosed.

MedImmune, a Gaithersburg-based unit of the drug giant AstraZeneca, said Genentech had illegally obtained the patent by conspiring with a British biotech company to monopolize the technology.

*The University of Maryland yesterday announced that July 1, G. Anand Anandalingam, right, will become dean of the Robert H. Smith School of Business on July 1. Anandalingam, 54, will succeed Howard Frank, who oversaw an aggressive fundraising campaign and expansion of the school.

*Maryland Gov. Martin O'Malley (D) yesterday signed into law a bill establishing an independent authority that will seek a new owner for the Prince George's hospital system, the start of a new chapter in the long effort to save the ailing system.

*Bright Beginnings, an educational day-care center for homeless and low-income children in the District, is with the help of a $550,000 grant from the Freddie Mac Foundation expanding its program of free and reliable evening child care to serve more families.

By Terri Rupar  |  May 23, 2008; 5:00 AM ET  | Category:  Morning Brief
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