Archive: June 22, 2008 - June 28, 2008

TechPost: Washington's Twin Tech Towns

Here's Zach Goldfarb's weekly update on the local technology scene. In a way, the timing could not have been more perfect. On Wednesday night, from about six to nine, the local technology community came out in full force -- but in two very different places. On a tony street in...

By Zachary Goldfarb | June 27, 2008; 11:45 AM ET | Comments (0)

Post 200 Roadshow: Corporate Executive Board

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. This week, we stop by the Corporate Executive...

By Terri Rupar | June 27, 2008; 10:00 AM ET | Comments (3)

Early Briefing: A Biotech Pioneer Moves On

David Mott had agreed to stay at MedImmune for a year after its acquisition. (Photo Credit: Timothy Jacobsen) * MedImmune chief executive David M. Mott, who led the Gaithersburg biotech through years of rapid expansion and its sale to the British drug giant AstraZeneca, will leave the company at...

By Dan Beyers | June 27, 2008; 7:05 AM ET | Comments (0)

Roundup: Grocery Stores, Ecologic and Cogent

From staff and wire reports *An annual survey of the region's top grocery chains shows Giant Food's market share continuing to erode, though it remained the region's leading supermarket. According to trade publication Food World, Giant's market share dipped 2 percentage points to 35 percent in the year ending March...

By Terri Rupar | June 26, 2008; 4:22 PM ET | Comments (0)

A Bridge From School To Work

By Christopher Twarowski Reggie Randolph was a shy 17-year-old when he enrolled in the Marriott Foundation for People with Disabilities' Bridges school-to-work program two years ago. The D.C. native was a student at Woodson High School. He has a learning disability that made it difficult for him to make eye...

By Dan Beyers | June 26, 2008; 2:00 PM ET | Comments (0)

Early Briefing: Making the World Safe for Chocolate Lovers

*To save chocolate lovers from the agony of a candy bar shortage, McLean candy giant Mars is investing $10 million in a five-year project to develop cacao trees that fight drought, disease and poor harvests. Mars is to announce today that it is partnering with IBM and the Department of...

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

Roundup: CACI; Ross, Dixon & Bell; Core Capital Partners, AOL

From staff and wire reports *Government contractor CACI International forecast profit for the upcoming year below what Wall Street is predicting, although sales are expected to be in line with analysts' forecasts. The company said it expects fiscal 2009 profit of $2.90 to $3.10 per share, on revenue of $2.55...

By Terri Rupar | June 25, 2008; 4:18 PM ET | Comments (0)

Early Briefing: Suing CareFirst

*The D.C. government launched a subpoena-powered investigation of CareFirst BlueCross Blue Shield and a lawsuit that asserts the nonprofit organization is obligated to donate millions to the community. For a decade, authorities in the District and Maryland have criticized CareFirst BlueCross BlueShield for hoarding its annual surpluses despite its federal...

By Terri Rupar | June 25, 2008; 5:00 AM ET | Comments (0)

Roundup: American Capital Strategies, CapitalSource, Legg Mason

From staff and wire reports *American Capital Strategies was sued by Merisel after the asset manager canceled its purchase of the communications firm for $5.75 a share. The shares have been trading below $2. Merisel, based in New York, contends Bethesda-based American Capital violated the contract and asked a judge...

By Terri Rupar | June 24, 2008; 4:33 PM ET | Comments (0)

Value Added: Second Chances

Here's Tom Heath's latest column on Washington's entrepreneurial set: When Arman Eshraghi's representatives pitched me on a story about his Reston-based start-up, I thought to myself: another software company that loses money but is valued at millions of dollars. I thought most of those went boom with the tech bust...

By Terri Rupar | June 24, 2008; 4:31 PM ET | Comments (0)

Booz & Co. Begins Its Branding Campaign

By Zachary A. Goldfarb The commercial division of Booz Allen Hamilton is kicking off a branding campaign as the McLean consulting giant prepares to split up. Carlyle Group, the District private-equity firm, is buying a majority stake in Booz Allen's much larger government unit. Booz & Co., the new name...

By Zachary Goldfarb | June 24, 2008; 2:08 PM ET | Comments (0)

Bank Goes For The Green In More Ways Than One

By Christopher Twarowski The area around the White House is about to get a whole lot greener -- and we're not talking about the South Lawn. PNC Bank plans to announce later today that it has joined forces with real estate developer Vornado/Charles E. Smith to build the city's first...

By Dan Beyers | June 24, 2008; 8:30 AM ET | Comments (2)

Have You Got The Fee-ver?

We feel your pain: Two dollars for pizza delivery. An extra $1.70 to ship a $20 package. A $10 surcharge for lawn-mowing service. Staff writer Ylan Mui today writes that the rising cost of fuel is rippling far beyond what consumers pay at the pump. Companies across an array of...

By Dan Beyers | June 24, 2008; 6:50 AM ET | Comments (1)

Early Briefing: A Friend For The Fillmore

* Montgomery County Executive Isiah Leggett has proposed a series of measures that would provide an estimated $800,000 in tax breaks over 10 years to the operators of a music venue in Silver Spring and give the property owner the green light to develop the surrounding site for up to...

By Dan Beyers | June 24, 2008; 6:24 AM ET | Comments (2)

Up and Down: Vanda, Foundation Coal, Integral Systems, MCG

A roundup of some of last week's top movers, a little later than usual. Local stocks fell 1.8 percent last week, as the S&P 500 fell 3.1 percent. *Vanda Pharmaceuticals (VNDA) shares gained 29 percent last week, closing at $6.30. Shares of the Rockville company have been climbing since hitting...

By Terri Rupar | June 23, 2008; 2:04 PM ET | Comments (1)

Early Briefing: Surviving Near Wal-Mart

*Wal-Mart opened its store in Landover Hills in Prince George's County -- the first inside the Beltway -- in a storm of controversy last year bred in part by its reputation for running small businesses out of the rural towns and suburbs that for decades were the retailer's breeding ground....

By Terri Rupar | June 23, 2008; 5:00 AM ET | Comments (0)

 
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