Archive: June 1, 2008 - June 7, 2008

Revolution Health To Lay Off 50

By Thomas Heath Revolution Health Group, the health-care business launched two years ago by former AOL chairman Steve Case, plans to lay off more than 50 employees next week, according to sources inside the company. The layoffs are primarily the result of a reorganization following Revolution's acquisition of two companies...

By Dan Beyers | June 6, 2008; 5:38 PM ET | Comments (0)

ExecuTube: Interview WIth Lobbying's Van Scoyoc

One of the executives who sat down with staff writer Thomas Heath during our Post 200 event a few weeks ago was Stu Van Scoyoc, president of Van Scoyoc Associates. That's the third-biggest lobbying firm in Washington, behind two law firms. Is this a good year for business? How have...

By Terri Rupar | June 6, 2008; 12:00 PM ET | Comments (0)

Early Briefing: Raising Our Tech IQ

* Columnist Steve Pearlstein lists several projects in the works that could unlock Washington's tech potential. The University of Maryland has snagged an important anchor tenant for its new research campus at College Park: IARPA, which will do for intelligence research what DARPA did for basic research in the defense...

By Dan Beyers | June 6, 2008; 7:32 AM ET | Comments (1)

A Planet Green Washout & The Boss's Biz Advice

By Frank Ahrens In the there-must-be-a-metaphor-in-here-somewhere department, Discovery Communication's big promotion for the launch of its Planet Green channel Wednesday night at Nationals Park ..... got washed out by the thunderstorms that swept through the region. Planet Green promos played on the ballpark's wraparound second-deck video display, while green-clad Discovery...

By Dan Beyers | June 5, 2008; 2:03 PM ET | Comments (0)

From The Editor: Pardon Our Dust

By Dan Beyers One thing we've learned here at WashBiz Central is that building a blog is a work in progress. Every day we see things we can do better, and we're grateful to all the people who stop by and give us feedback. (Really) One of the things we've...

By Dan Beyers | June 5, 2008; 1:00 PM ET | Comments (0)

Early Briefing: Snyder Buys WTEM

Snyder *Redskins owner Dan Snyder reached a deal to buy three local AM radio stations from Clear Channel Communications, including the area's leading sports-talk station, WTEM. The price wasn't disclosed. Snyder's purchase of WTEM (980), WTNT (570) and WWRC (1260) means his Red Zebra Broadcasting arm will own six...

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

ExecuTube: A Video Chat With Ted Leonsis

Staff writer Tom Heath sat down with Washington Capitals majority owner Ted Leonsis during the inaugural stop of our Post 200 Roadshow recently for a wide-ranging chat. The result is this series of short videos. Ted talks about his secrets for a successful life. He tells us how he goes...

By Dan Beyers | June 5, 2008; 5:00 AM ET | Comments (3)

Roundup: Discovery, Martek, Slate, Jos. A. Bank

*Discovery Holding and Advance/Newhouse signed a definitive agreement to combine their stakes in Discovery Communications, owner of the Discovery and Animal Planet cable channels. Former Discovery chief executive and current board member John Hendricks will be appointed chairman and David Zaslav will be CEO, Discovery Holding said. A preliminary accord...

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

The Post 200 Roadshow: Chatting With Ted Leonsis

By Dan Beyers Welcome to a new feature we're calling the Post 200 Roadshow. Each week or so we plan to drop in on the region's biggest companies, nonprofits, employers and law and lobby firms to have a look around and chat up their executives. The Roadshow's inaugural stop is...

By Dan Beyers | June 4, 2008; 1:30 PM ET | Comments (0)

American Woodmark Profit Down

From the Associated Press American Wooodmark said its fiscal fourth-quarter profit slid partly due to overhead and freight costs as well as escalating gas prices as sales declined. The Winchester-based cabinets manufacturer said profit slumped to $36,000 (no cents a share) compared with $6.2 million (40 cents) in the comparable...

By Terri Rupar | June 4, 2008; 1:20 PM ET | Comments (0)

Early Briefing: Celebrating A Triple A

* Unfurling 40-foot-long banners from a high balcony of the County Administration Building and accompanied by a high school marching band, Prince George's officials announced Tuesday that the county has been awarded a AAA rating by a Wall Street bond house, an achievement they described as historic for a county...

By Terri Rupar | June 4, 2008; 5:00 AM ET | Comments (0)

Roundup: Prince George's, Lockheed, TMS

From staff and wire reports *Prince George's officials announced today that the county has been awarded a AAA rating by a Wall Street bond house, an achievement they described as historic for a county they feel is often not given the respect it deserves. Nationwide, 48 counties have been awarded...

By Terri Rupar | June 3, 2008; 3:49 PM ET | Comments (0)

Value Added: Pushing Petunias

Here's Tom Heath's latest column on Washington's entrepreneurial set: A couple of weekends a month, my wife and I drive up Route 270 in Montgomery County to one of the big box stores like Sam's Club or Home Depot in Gaithersburg. We walk the aisles, buying everything from "man-size" bags...

By Dan Beyers | June 3, 2008; 3:30 PM ET | Comments (0)

Area Universities Form New Innovation Alliance

By Anita Huslin Evidently, the Washington area has a secret weapon: One of the highest concentrations of brainpower in the world. The problem is it's a secret. At least to the folks who can take great concepts and turn them into something marketable. Organizers of the new Chesapeake Crescent Innovation...

By Dan Beyers | June 3, 2008; 2:19 PM ET | Comments (0)

Early Briefing: Eating Organic

Seattle chain Organic to Go is buying High Noon, which has four locations in the D.C. area, and plans to expand the chain locally. * The options for eating organic are about to grow. Organic to Go, a Seattle company founded in 2004, said Monday that it has purchased...

By Dan Beyers | June 3, 2008; 7:09 AM ET | Comments (0)

Up and Down: Medifast, Liquidity Services, Sourcefire, Trex

The S&P 500 rose 1.8 percent last week as oil prices took their biggest fall since March. Local stocks rose 2.4 percent. *Medifast's stock (MED) rose 19 percent last week, closing at $5.85 on Friday. It rose 12.6 percent on Wednesday, then 11.5 percent on Thursday, both days with higher-than-average...

By Terri Rupar | June 2, 2008; 12:00 PM ET | Comments (1)

Walker & Dunlop Finances Philly Ritz

By Thomas Heath Bethesda-based Walker & Dunlop arranged a $65 million refinancing of the Ritz Carlton Hotel in Philadelphia, the company said over the weekend. Walker & Dunlop's Hotel Finance Group has financed more than $250 million in hotel projects around the country in the past 18 months, the firm...

By Terri Rupar | June 2, 2008; 9:00 AM ET | Comments (0)

Early Briefing: Want to Buy a Lawsuit?

Adam Shapiro, left, president; John Ryan, president of structured settlements; and David Lewis, general counsel, at Stone Street's Bethesda headquarters. (By Sarah L. Voisin -- The Washington Post) *A Bethesda-based firm is entering a high-stakes business in which it buys a portion of the rights to civil lawsuits before...

By Terri Rupar | June 2, 2008; 5:00 AM ET | Comments (0)

 
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