Archive: August 3, 2008 - August 9, 2008

TechPost: A Washington Online Broker

By Zachary A. Goldfarb Steven Wallman, a former member of the Securities and Exchange Commission, created online brokerage Foliofn in March 2000, confident that a start-up company at the intersection of finance and the Internet would enjoy the fruits of the dot-com boom. Problem was, March 2000 was the precise...

By Zachary Goldfarb | August 8, 2008; 3:50 PM ET | Comments (0)

Cogent Shrinks Loss, Cuts Projections

From the Associated Press Internet service provider Cogent Communications Group said its loss narrowed in the second quarter, to $5.6 million (12 cents a share) forom $9.2 million (19 cents), as revenue grew 19 percent from a year ago. The District-based company said revenue grew 19 percent, to $53.9 million...

By Terri Rupar | August 8, 2008; 11:23 AM ET | Comments (0)

Early Briefing: Emergent Posts Profit, Stock Falls

*Emergent Biosolutions, the Rockville biotech that is supplying the U.S. government with 18.75 million doses of anthrax vaccine, has had its share of successes and setbacks in the last few years. Yesterday, it experienced both. The company reported a second-quarter profit thanks to high sales of BioThrax, the only anthrax...

By Terri Rupar | August 8, 2008; 5:00 AM ET | Comments (0)

Roundup: CACI, LCC, Deltek, Tier

From staff and wire reports *CACI International of Arlington appointed James L. Pavitt to its board. Pavitt is a former deputy director of operations for the Central Intelligence Agency. He left the CIA in 2004 and now works for the Scowcroft Group, a District-based international consulting firm that focuses on...

By Terri Rupar | August 7, 2008; 5:20 PM ET | Comments (1)

District, Verizon Reach Deal on FiOS

By Mike Musgrove The District and Verizon Communications have reached an agreement to bring the company's FiOS high-speed Internet service to the city. Eric Richardson, director of D.C. Office of Cable Television, said the agreement requires approval by the mayor's office and the D.C. Council, a process he said could...

By Terri Rupar | August 7, 2008; 3:22 PM ET | Comments (3)

Earnings: RCN, Argon ST, GTSI, JER Investors Trust and Maximus

From staff and wire reports *RCN of Herndon said its loss narrowed to $16.7 million (45 cents a share) from $79.8 million ($2.16) in the comparable period a year earlier, when the company took a loss of $63.9 million on the early extinguishment of debt. The provider of video, data...

By Terri Rupar | August 7, 2008; 12:48 PM ET | Comments (0)

Early Briefing: Freddie's Loss and Waxman's Letter

*Freddie Mac said its losses from foreclosures and other failed home loans nearly doubled in the second quarter, and it predicted that home prices would fall more than it previously projected, compounding its woes. Freddie said its expenses from foreclosures and related problems rose to $2.8 billion in the quarter...

By Terri Rupar | August 7, 2008; 5:00 AM ET | Comments (0)

Roundup: ICF, SLM , GD, Carlyle and FTI

From staff and wire reports *ICF International of Fairfax posted a drop in second-quarter profit, to $7.9 million (52 cents a share) from $11.2 million (75 cents) in the comparable period a year earlier, but the profit still exceeded analysts' forecasts. Revenue fell to $184.1 million from $190.2 million. The...

By Terri Rupar | August 6, 2008; 6:01 PM ET | Comments (0)

ExecuTube: Corporate Executive Board's Tom Monahan

We're back! And with a video. On our visit to the Corporate Executive Board, reporter Tom Heath sat down with CEO Tom Monahan. Monahan discussed the company's business model and growth strategies, what worries him, and recruiting strategy. And you have to watch to find out what his first job...

By Terri Rupar | August 6, 2008; 4:15 PM ET | Comments (1)

Blog Maintenance

Note to Readers: Starting now, washingtonpost.com is turning off comments on this blog to allow for some software upgrades and other maintenance. But we'll be back! Blog entries and comments are expected to resume by tomorrow afternoon....

By Terri Rupar | August 5, 2008; 12:00 PM ET | Comments (0)

Value Added: A Pioneer in Consumer Communication

Here's Tom Heath's latest column on Washington's entrepreneurial set: One of my favorite business bromides is "Pioneering doesn't pay." You don't want to be the first person to build railroads or airlines or power plants, as the thinking goes. The real money is in the steel that the railroads buy....

By Terri Rupar | August 5, 2008; 10:09 AM ET | Comments (4)

MedImmune Starts Shipping FluMist

Ignore the sweltering heat and humidity. MedImmune is telling us to start preparing for the winter flu season. MedImmune, the Gaithersburg biotech division of British drugmaker AstraZeneca, began shipping out its flu vaccine nasal spray, FluMist, Thursday -- nearly three months ahead of its typical schedule. In the past, manufacturers...

By Terri Rupar | August 5, 2008; 9:00 AM ET | Comments (0)

Early Briefing: No More Dial-Up

*AOL is finally in a position to shed the dial-up-access business that once offered tens of millions of people their first glance at the Internet. In April, parent company Time Warner promised to make clear its plans for AOL's future by its second-quarter earnings call, scheduled for tomorrow. And it...

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

Brill Says No Guarantee for FLO Customers

By Kendra Marr Steven Brill is not happy. The New York media mogul was miffed to hear that FLO was advertising that its new Redskins-branded smart card, which promises to speed Redskins fans into FedEx Field faster, would also give fans access to the special airport security lanes at Reagan...

By Terri Rupar | August 4, 2008; 3:16 PM ET | Comments (0)

Up and Down: Trex, USA Mobility, Online Resources, Cogent

The Post-Bloomberg index fell 0.27% last week, while the S&P 500 gained 0.2 percent. *The biggest gainer on our list last week was Trex (TWP), whose shares gained 60 percent, to $17.49, on news that second-quarter profit tripled as the company cut expenses and used cheaper materials. Shares gained 26...

By Terri Rupar | August 4, 2008; 12:00 PM ET | Comments (0)

Early Briefing: Satellite Companies' Next Try

It's Monday, so the Business section is turned over to local business. *In the 1990s, a bevy of local companies promised a new era of satellite-based services, providing cheap mobile calls, high-speed Internet connectivity, streaming video and moreother services. Companies such as Bethesda-based Iridium and Reston-based American Mobile Satellite spent...

By Terri Rupar | August 4, 2008; 5:00 AM ET | Comments (0)

 
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