Roundup: Summize, Capital One, Media General, Gladstone Capital

From staff and wire reports

*Twitter acquired Summize to add technology for searching within the site. The five engineers who make up Potomac Falls-based Summize will take jobs at Twitter, the company said this week on its blog. Terms of the acquisition weren't disclosed.

*GreenPoint Mortgage Funding, a Capital One Financial unit, paid $1 million to the New York attorney general to compensate minority borrowers in the state who were charged more than whites for home loans. New York Attorney General Andrew Cuomo said he reimbursed about 270 African-American and Latino customers who received overpriced loans from 2004 to 2006. The agreement, signed by GreenPoint in 2007, was made public today by Cuomo.

*Choice Hotels International signed an accord that allows Kasterlee to develop 16 Clarion hotels in Britain, Germany and Russia.The four-star properties will be built within eight years, the Silver Spring company said.

*Media General of Richmond said it completed the sale of TV stations WMBB in Panama City, Fla., and KALB/NALB in Alexandria, La., to Hoak Media, a Dallas company. Terms were not disclosed. The company expects total proceeds from the five sales to be about $100 million.

*Gladstone Capital of McLean said its board declared a monthly cash distribution of 14 cents. The distributions equate to a quarterly distribution of 42 cents.

By Terri Rupar  |  July 16, 2008; 4:02 PM ET  | Category:  Roundup
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