Archive: June 15, 2008 - June 21, 2008

Cuna Del Sol Adds A Bakery

By Alejandro Lazo Jose Tenas opened his Cuna Del Sol restaurant in a Manassas strip mall in the summer of 2005. A year later, the 45-year-old Guatemalan native began eyeing a space next door to him as the perfect location for a Guatemalan bakery, one that would serve up traditional...

By Dan Beyers | June 20, 2008; 3:48 PM ET | Comments (1)

Ruff! Celebrating Take Your Dog to Work Day

Today is the 10th annual Take Your Dog to Work Day, created by Pet Sitters International, an association for professional pet sitters. Our colleagues this year and others have written about people participating: Rep. Linda T. Sanchez (D-Calif.), for example, and the Waldorf law office of Greisman & Carroll. Five...

By Terri Rupar | June 20, 2008; 2:16 PM ET | Comments (9)

TechPost: Clearing Up The Ad Confusion At AOL

Zach Goldfarb's weekly update on the local technology scene is back this week with his return from a special assignment reporting on the credit crisis. See what he was up to here. Ten weeks ago, Lynda Clarizio became head of Platform A, AOL's online advertising network, when it seemed that...

By Zachary Goldfarb | June 20, 2008; 12:00 PM ET | Comments (0)

Early Briefing: XM Shares Fall on Analyst Report

*Even though a merger between XM and Sirius satellite radio would help reduce costs, investors should sell their stocks because of increased competition from MP3 players and technologies like the iPhone, wrote Goldman Sachs analyst Mark Wienkes. The report sent the companies' shares down - XM fell 17 percent and...

By Terri Rupar | June 20, 2008; 5:00 AM ET | Comments (0)

Roundup: BearingPoint, CapitalSource, Carlyle

From staff and wire reports *BearingPoint, the McLean management and technology consulting firm, lost a fifth of its stock value after triggering a New York Stock Exchange rule that halts trading in a stock after it moves below a certain price. The exchange rule kicked in Wednesday when BearingPoint's share...

By Terri Rupar | June 19, 2008; 6:14 PM ET | Comments (0)

Recruiting In A Downturn

NRI Staffing helps people fill permanent or temporary positions - administrative, finance, health care and more. That can be challenging when unemployment is low and the economy is down, making companies wary of hiring. Michael Lyons, NRI's director of corporate accounts, addressed that as well as his vacation plans a...

By Terri Rupar | June 19, 2008; 12:20 PM ET | Comments (1)

Early Briefing: Foreclosure Rate

*The Washington region now has one of the fastest-growing foreclosure rates in the nation, as 15,613 homes went into foreclosure in the one-year period ending in February, an analysis to be released today has found. Although communities have felt the effects of the housing crisis for months, the report reveals...

By Terri Rupar | June 19, 2008; 5:00 AM ET | Comments (1)

Roundup: Coventry, Gemini, Liquidity Services

From staff and wire reports *Coventry Health Care reduced its second-quarter and full-year earnings forecasts after costs came in higher than expected in April and May. "We are very disappointed with the April and May 2008 results and their anticipated effect on the second quarter and the full year," the...

By Terri Rupar | June 18, 2008; 4:49 PM ET | Comments (0)

Carmax Sees Used Truck, SUV Values Fall

You'd think a company selling used cars would be doing well in this economy. Give a gander to this Associated Press report: Shares of Carmax Inc. fell 11.6 percent Wednesday in premarket trading as its first-quarter profit plummeted 55 percent on tumbling new-car sales and the fastest drop in...

By Dan Beyers | June 18, 2008; 1:14 PM ET | Comments (0)

Following In XM's Footsteps?

By Dan Beyers XM Satellite Radio moved a step closer to the altar with Sirius this week, winning regulatory support for its merger from the chairman of the Federal Communications Commission. That got us thinking about Washington's homegrown satellite community, and how many of the players have been showing new...

By Dan Beyers | June 18, 2008; 1:00 PM ET | Comments (0)

Early Briefing: A Manufacturing Plant Leaves DC

Williams Industries worker William Bland helps a crane operator to lift a steel girder. As steel prices rise and demand slows, Williams is relocating a major manufacturing plant to help trim costs. (Williams Industries) * Williams Industries, a Manassas construction firm and steel girder manufacturer, plans to move a...

By Dan Beyers | June 18, 2008; 8:13 AM ET | Comments (0)

Value Added: Suds And Money

Here's Tom Heath's latest column on Washington's entrepreneurial set: My wife, Polly, used to work with a guy named Jim Koch. You probably never heard of him, but you may have heard of the beer he invented: Sam Adams, made by another Koch invention called the Boston Beer Company. Koch,...

By Dan Beyers | June 17, 2008; 6:48 PM ET | Comments (0)

Early Briefing: Investing in Biotech

*Maryland Gov. Martin O'Malley outlined a strategy to invest $1.1 billion in the state's bioscience industry over the next decade or so, expanding tax credits, bolstering stem cell research and providing new support for start-ups. Several elements of the plan would require legislative approval. The plan includes increasing its biotech...

By Terri Rupar | June 17, 2008; 8:06 AM ET | Comments (10)

Up and Down: Intersections, Iomai, Stanley, Chindex

The S&P 500 was basically flat last week, and local stocks fell 0.7 percent. *Shares of Hilb, Rogal & Hobbs (HRH) of Glen Allen rose 43 percent last week on the news that British insurance broker Willis Group Holdings would pay $1.67 billion in cash and stock for the insurance...

By Terri Rupar | June 16, 2008; 12:00 PM ET | Comments (0)

Early Briefing: Struggling Eateries And XM News

Today's Monday, the day the Business section goes all local. Luigino owner Carmine Marzano (By Susan Biddle -- The Washington Post) *Food costs are high and diners are staying home or ordering less, shaking up menus and causing chefs to consider, among other things, the merits of foie gras. Carmine...

By Terri Rupar | June 16, 2008; 5:00 AM ET | Comments (0)

 
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