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 billion to $2.65 billion. CACI's fiscal year begins July 1.
The company also reiterated its fiscal 2008 guidance, saying it expects profit of $2.65 to $2.75 per share on revenue of $2.38 billion to $2.43 billion.
*Troutman Sanders, an Atlanta-based law firm of 650 lawyers, will merge with Ross, Dixon & Bell of the District, to form a 750-lawyer entity with offices in 15 cities, the firms said. Partners at both firms approved the merger, which would take effect Jan. 1. The merged firm would be named Troutman Sanders.
*Core Capital Partners, a Washington venture capital firm, said it is part of a group that has invested $10 million in BridgeWave Communications, a Santa Clara, Calif., company that makes wireless technology for carrying large amounts of data. The investment group also included Intel's venture capital organization.
*AOL unit introduced Internet sites in Argentina, Chile, Colombia and Venezuela as part of plans to be worldwide by the end of 2009. The Web sites, which include AOL's free e-mail and instant messaging, have Spanish-language content tailored to the region, the company said in a statement.
*Media General said it is selling WNEG, a TV station in Toccoa, Ga., to the University of Georgia Research Foundation. The transaction needs regulatory approval and is expected to be completed in the third or fourth quarter of 2008. Terms of the agreement were not disclosed.
June 25, 2008; 4:18 PM ET
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