Archive: June 29, 2008 - July 5, 2008

Tech Post: Reaction to "Twin Tech Towns"

Here's Zach Goldfarb's weekly update on the local technology scene. In last week's Tech Post, I wrote about two technology parties held on the night of June 23. (Video.) I described one party held in McLean by the Northern Virginia Technology Council, a gathering to celebrate the local technology companies...

By Zachary Goldfarb | July 4, 2008; 1:00 PM ET | Comments (0)

Roundup: AES, Freddie, Chindex and MiddleBrook

From staff and wire reports *AES bought 49 percent of a wind farm owned by Guohua Energy Investment in China's Inner Mongolia region for $10 million to tap rising demand for renewable power in the world's second-largest energy consumer. The Guohua Hulunbeier Wind Farm, which started commercial operations in September,...

By Terri Rupar | July 3, 2008; 5:20 PM ET | Comments (0)

Early Briefing: Another Biotech Departure

*Edward M. Rudnic, MiddleBrook Pharmaceuticals' chief executive, plans to leave the company he founded in exchange for an outside investment of $100 million. MiddleBrook has been openly searching for a buyer over the past year. In the meantime, it agreed to the investment from Equity Group Investments, founded by Chicago...

By Terri Rupar | July 3, 2008; 9:24 AM ET | Comments (0)

Roundup: Dominion, Carlyle, CSC, SRA

From staff and wire reports *Dominion Resources has found another buyer for its West Virginia and Pennsylvania natural gas distribution companies, which account for about 12 percent of its 4 million electric and natural gas utility customer accounts in the Mid-Atlantic and Midwest. Private investor Babcock & Brown Infrastructure Fund...

By Terri Rupar | July 2, 2008; 3:37 PM ET | Comments (0)

Prince William Foreclosures Get International Attention

By Alejandro Lazo Prince William County's high rate of home foreclosures is drawing some international eyes. Piotr Malecki, a 41-year-old Polish photojournalist, concluded a two-week reporting trip in the county yesterday, documenting people who have either lost or are on the brink of losing their homes in Woodbridge, Dumfries, Manassas...

By Terri Rupar | July 2, 2008; 12:11 PM ET | Comments (0)

Early Briefing: Blockbuster Drops Circuit City Bid

Circuit City has been under pressure from Mark Wattles, who owns a 6.5 percent stake in the company, to put itself on the auction block. (Marv Bondarowicz - Associated Press) *Blockbuster abandoned its efforts to acquire Richmond-based Circuit City less than two months after the electronics retailer reluctantly agreed...

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

Roundup: Hogan & Hartson, Emergent, Dominion, Carlyle

From staff and wire reports *District-based law firm Hogan & Hartson said it is opening an office in Abu Dhabi in the United Arab Emirates, its first in the Middle East. Partner Ray Batla will be managing partner of the new office, the firm's 25th. "We have been increasingly focused...

By Terri Rupar | July 1, 2008; 3:46 PM ET | Comments (0)

Value Added: The Secretive Rales

Here's Tom Heath's latest column on Washington's entrepreneurial set: So which two local business legends braved an economic downturn and an all-but-dead IPO market and took public a boring pump company based in Richmond? And now, with the firm valued around $1.1 billion, own $220 million each in company stock?...

By Terri Rupar | July 1, 2008; 3:12 PM ET | Comments (15)

Zier Heads to Air America

By Thomas Heath Air America Media, which runs a left-of-center radio network, has named Bennett Zier, a Washington radio industry veteran, as its chief executive. Zier, formerly of Red Zebra Broadcasting, will help expand and grow the Air America brand, which has had difficulty since its launch. The network started...

By Terri Rupar | July 1, 2008; 1:21 PM ET | Comments (2)

Early Briefing: Venture IPOs Come to a Halt

* For the first time in 30 years, zero venture-backed companies made initial public offerings during the second quarter, according to a report to be released today by the National Venture Capital Association and Thomson Reuters. "We will have to allocate our capital more carefully," said Hooks Johnston, general partner...

By Zachary Goldfarb | July 1, 2008; 6:56 AM ET | Comments (0)

Tech Post: Washington's Two-Party System Video

On Friday, we wrote about two very different parts of the Washington technology scene -- the annual "Hot Ticket" party hosted by the Northern Virginia Technology Council and a social media party at a Connecticut Avenue club. Here's a video about the events: iStrategy Labs has video and comments...

By Zachary Goldfarb | June 30, 2008; 1:00 PM ET | Comments (3)

Up and Down: Beyond Financial Stocks

It was a tough week for stocks last week, with the S&P 500 index and our Post-Bloomberg index both falling about 3 percent. Tom Heath covered the falls in some of the area's financial stocks; here are a few more movers. *GSE Systems (GVP) of Baltimore gained 12 percent last...

By Terri Rupar | June 30, 2008; 12:00 PM ET | Comments (0)

Early Briefing: Preparing for Guests

*Since opening her European-style Chez Hareg bakery in the District's Shaw neighborhood last year, Haregewine Messert, an immigrant from Ethiopia, had neglected the backyard lot behind her shop, allowing it to become overrun with weeds. But this week new gravel is on the ground. Patio tables have been arranged. And...

By Terri Rupar | June 30, 2008; 5:00 AM ET | Comments (0)

 
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