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 to close this year. Carlyle Capital, an Amsterdam-listed fund, collapsed in March after defaulting on $16.6 billion of debt. "This is an orderly liquidation to ensure fair and equitable treatment of all investors," Carlyle spokesman Chris Ullman said.

*ComScore of Reston said second-quarter profit rose almost 38 percent, to $1.7 million (6 cents) from $1.2 million (no cents), boosted by the acquisition of M:Metrics. Revenue grew 38 percent, to $28.8 million. CEO Magid Abraham said the company added 74 net new customers in the quarter and renewal rates were over 90 percent.

"Despite the general macro-economic uncertainty, our confidence in the strength of our business remains high and we continue to see strong client demand for our products and services," Abraham said in a statement.

*Stanley of Arlington said first-quarter profit rose 55 percent, to $8.3 million (35 cents a share) from $5.4 million (23 cents), saying it benefited from more work on passports and visas and Navy and Army deals. Revenue grew 29 percent, to $172.6 million.

The company's backlog was $2 billion, up 102 percent from the previous-year quarter.

*Utility company Constellation Energy Group said second-quarter profit jumped 47 percent, to $171.5 million (95 cents a share) from $116.3 million (64 cents), mainly from the performance of its merchant energy unit and a mix of new business with a better backlog. Excluding special items, such as a $170-per-resident customer credit related to a settlement in Maryland, the company said it earned $1.82 per share. Revenue at the Baltimore firm rose 4 percent to $5.08 billion from $4.88 billion.

"Our global commodities group delivered strong new business results as rising commodity prices benefited our strategies in power, natural gas and coal markets," said CEO Mayo A. Shattuck III in a statement.

*Electricity and natural gas producer and transporter Dominion Resources swung to a second-quarter profit, earning $298 million (51 cents) compared with a loss of $530 million (76 cents), on contributions from its generation, gas transmission and retail energy businesses and warmer-than-normal weather in its electric utility service area. Revenue at the Richmond company dropped to $3.5 billion from $3.7 billion.

*Forrester Research agreed to buy JupiterResearch for $23 million to expand its analysis and add customers. In the cash deal, Forrester will buy parent company JUPR Holdings from Arlington-based MCG Capital.

*Ore Pharmaceuticals of Gaithersburg said it bought from Roche a drug that is in testing to treat hypertension, arrhythmia and angina. Tiapamil may also be used to treat central nervous system disease, the company said. "Our acquisition of tiapamil is an important step in our plan to transform our Company to drug development," Ore Pharmaceuticals chief executive Charles L. Dimmler III said in a statement.

By Terri Rupar  |  July 31, 2008; 5:04 PM ET  | Category:  Roundup
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