Archive: July 27, 2008 - August 2, 2008

The WashBiz Guest Blog: My Busy Days

Our inaugural guest blog comes to a close today. All this week we have run posts from Adam Palmer, policy counsel for .ORG, the Public Interest Registry based in Reston. Adam works on policy issues dealing with Internet governance, cybersecurity, and e-commerce. Today, in his fifth piece, Adam talks about...

By Dan Beyers | August 2, 2008; 9:00 AM ET | Comments (2)

TechPost: Advertising For Facebook Apps

SocialCash's marketing materials include this card. Can you tell what card number that is? Read on for more details. By Zachary A. Goldfarb Lawrence Lee, an employee of McLean business software firm MicroStrategy, packed up his bags earlier this year and moved to Silicon Valley. He wanted to see...

By Dan Beyers | August 1, 2008; 4:39 PM ET | Comments (5)

The WashBiz Guest Blog: Chasing Internet Crooks

Welcome to Day 4 of our little experiment in guest blogging, something we hope captures a small slice of Washington at work. All this week we plan to run posts from Adam Palmer, policy counsel for .ORG, the Public Interest Registry based in Reston. Adam works on policy issues dealing...

By Dan Beyers | August 1, 2008; 9:00 AM ET | Comments (0)

Early Briefing: Sunrise Files 2007 Financial Statement

*Sunrise Senior Living said it lost $70.3 million in 2007, as the company's accounting restatement weighed on its finances. McLean-based Sunrise, the nation's largest senior living provider, also said it has had to pull back expansion plans because of difficult credit markets, cutting the number of new apartments it planned...

By Terri Rupar | August 1, 2008; 5:00 AM ET | Comments (0)

Roundup: Carlyle, ComScore, Stanley, Constellation, Dominion, Ore

From staff and wire reports *Carlyle Group of the District is liquidating the Blue Wave hedge fund, in which it is a minority investor, after assets fell by a third. Blue Wave, a joint venture started last year with two former Deutsche Bank executives, is the second Carlyle-affiliated debt fund...

By Terri Rupar | July 31, 2008; 5:04 PM ET | Comments (0)

Booz Allen Split Is Official

By Zachary A. Goldfarb Booz Allen Hamilton said today that it had completed the separation of its government and commercial businesses, selling a majority stake in the government unit to District private-equity giant Carlyle Group for $2.54 billion. The government business, based in McLean, does billions of dollars of work...

By Terri Rupar | July 31, 2008; 3:07 PM ET | Comments (0)

United Therapeutics Profit Up 147 Percent

United Therapeutics of Silver Spring said second-quarter profit grew 147 percent, to $14.3 million (59 cents a share) from $5.8 million (26 cents) in the comparable period a year earlier. Revenue grew 32 percent, to $68.6 million. "It is gratifying that we are on track to grow our annual revenues...

By Terri Rupar | July 31, 2008; 1:04 PM ET | Comments (0)

The WashBiz Guest Blog: My Day With The Navy

Welcome to Day 3 of our little experiment in guest blogging, something we hope captures a small slice of Washington at work. All this week we plan to run posts from Adam Palmer, policy counsel for .ORG, the Public Interest Registry based in Reston. Adam works on policy issues dealing...

By Dan Beyers | July 31, 2008; 9:00 AM ET | Comments (5)

Early Briefing: Accounting Rule Delayed

*The board that sets accounting rules for U.S. corporations yesterday postponed by a year a plan that could require banks and other financial services companies to raise mountains of new capital to protect themselves against financial exposures not currently reflected on their balance sheets. The Financial Accounting Standards Board took...

By Terri Rupar | July 31, 2008; 5:00 AM ET | Comments (0)

Roundup: ManTech, Human Genome Sciences, Lockheed

From staff and wire reports *ManTech International of Fairfax said second-quarter profit grew 45 percent, to $21.9 million (62 cents a share) from $15.1 million (44 cents) in the comparable period a year earlier. Revenue grew 33 percent, to $465 million. Its reported backlog as of June 30 was $3.44...

By Terri Rupar | July 30, 2008; 4:44 PM ET | Comments (0)

Trex Profit Triples

From Bloomberg News *Trex shares gained the most since the company's 1999 initial public offering after it said second-quarter earnings tripled and forecasting third-quarter sales above analysts' estimates. Trex climbed $2.40, or 21 percent, to $13.90 as of 11:40 a.m. The Winchester-based company's said profit was $7.9 million (52 cents...

By Terri Rupar | July 30, 2008; 11:24 AM ET | Comments (0)

The WashBiz Guest Blog: A Day At .ORG

Welcome to Day 2 of our little experiment in guest blogging, something we hope captures a small slice of Washington at work. All this week we plan to run posts from Adam Palmer, policy counsel for .ORG, the Public Interest Registry based in Reston. Adam works on policy issues dealing...

By Dan Beyers | July 30, 2008; 9:00 AM ET | Comments (2)

Early Briefing: Artifacts for National Harbor

By Linda Davidson -- The Washington Post *A button, a bottle, a toothbrush and 300,000 other ordinary relics from colonial-era plantation life on the banks of the Potomac are now historical artifacts, to be examined, admired and cataloged by those who take stock of bygone days. The items are...

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

Value Added: Opportunistic Is As Opportunistic Does

Here's Tom Heath's latest column on Washington's entrepreneurial set: The career of Mark Ordan is an interesting one. He is kind of like Forrest Gump, always bumping into opportunistic situations, or creating them himself. He is part of the Washington entrepreneurial set that sniffs for good opportunities. I am talking...

By Dan Beyers | July 29, 2008; 4:51 PM ET | Comments (2)

Roundup: XM, NCI, Online Resources

From staff and wire reports *XM Satellite Radio and Sirius Satellite Radio said they have completed their long-pending merger. The combined company plans to use the name Sirius XM Radio. Its stock will continue to be traded on the Nasdaq under the ticker symbol SIRI. They first announced their deal...

By Terri Rupar | July 29, 2008; 4:34 PM ET | Comments (0)

Under Armour Profit Falls 75 Percent, Revenue Up 30 Percent

From the Associated Press Baltimore-based sports apparel maker Under Armour said soft margins and marketing expenses caused second-quarter profit to drop 75 percent, to $1.4 million (3 cents a share) from $5.7 million (11 cents), but results still topped Wall Street expectations. Revenue rose 30 percent, to $156.7 million from...

By Terri Rupar | July 29, 2008; 11:42 AM ET | Comments (0)

SI International Profit Falls 24 Percent

From the Associated Press SI International said second-quarter profit fell 24 percent, to $3.8 million (29 cents a share) from $5 million (38 cents) in the comparable period a year earlier, as rising costs outpaced revenue growth. Revenue at the Reston-based IT and network services provider rose 20 percent, to...

By Terri Rupar | July 29, 2008; 10:50 AM ET | Comments (0)

The WashBiz Guest Blog: Adam Palmer

Welcome to our little experiment in guest blogging, something we hope will be an occasional feature. The goal of this trial is to capture a small slice of Washington at work. For the rest of the week we plan to run posts from Adam Palmer, policy counsel for .ORG, the...

By Dan Beyers | July 29, 2008; 9:00 AM ET | Comments (7)

Early Briefing: FDA Rejects Vanda Drug

* Vanda Pharmaceuticals' stock tumbled 73 percent Monday after federal regulators rejected the Rockville biotech's schizophrenia treatment, saying it was similar to a drug already on the market. The action by the Food and Drug Administration cast a shadow over the company's future and its original business plan: take drugs...

By Dan Beyers | July 29, 2008; 6:33 AM ET | Comments (0)

Up and Down: JER, NII, Millennium, Corporate Executive Board

*JER Investors Trust (JRT) was last week's biggest gainer on our list, with shares rising 35 percent, to $7.45. They're up almost 63 percent from their 52-week low of $4.58, hit earlier this month. The McLean company buys commercial real estate. *Shares of VSE (VSEC) of Alexandria gained 23...

By Terri Rupar | July 28, 2008; 12:00 PM ET | Comments (0)

Early Briefing: Executive Compensation

It's Monday, the day when the newspaper focuses on local business. *Our annual executive compensation issue looks at who got what in an economic downturn. Although most financial firms saw their stocks wither, the industry's top executives continue to be among the best paid in the region. And while financial...

By Terri Rupar | July 28, 2008; 5:00 AM ET | Comments (0)

 
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