Archive: August 10, 2008 - August 16, 2008

The Weekend Movie: "No Place To Hide"

Courtesy of the folks at SnagFilms, we bring you a little weekend diversion. Keep a spreadsheet running on a back screen in case the boss wanders by :). SnagFilms is a new startup back by Washington Capitals majority owner Ted Leonsis and others; we wrote about the company here. (Full...

By Dan Beyers | August 15, 2008; 4:00 PM ET | Comments (0)

Tech Post: 'Speed Dating for Geeks'

Here's Zach Goldfarb's weekly update on the local technology scene. If you're a smart techie with Web talent, why come to Washington when you can go to Silicon Valley and snag a job with Google, Facebook or some up-and-coming start-up backed by millions in venture capital? Social Matchbox, a networking...

By Zachary Goldfarb | August 15, 2008; 2:30 PM ET | Comments (5)

Early Briefing: An Old-School Powerhouse

*L.B. "Bud" Doggett Jr. liked to sit in his sprawling office on the third floor at 660 11th St. NW, teeth clenched firmly on a Garcia y Vega cigar, a pour of vodka ready for the asking, and spin stories about his World War II days, where he became a...

By Terri Rupar | August 15, 2008; 5:00 AM ET | Comments (0)

Freddie Mac, Fannie Mae Keep Date With Six Flags

By David S. Hilzenrath Freddie Mac and Fannie Mae are getting ready to go on another roller-coaster ride. The two companies have rented the Six Flags amusement park in Largo for separate employee appreciation events next month. "The purpose is to reward employees for their hard work, and we felt...

By Dan Beyers | August 14, 2008; 2:48 PM ET | Comments (4)

Chindex Reports First-Quarter Loss

Shares of Chindex International fell after the company reported disappointing fiscal first-quarter results and said conditions in China will hurt its results over the coming months. Shares were down about 9.6 percent, at $13.52, around 2:45 p.m. Shares were as low as $12.50 earlier. For the three months ended June...

By Terri Rupar | August 14, 2008; 2:46 PM ET | Comments (0)

La Plaza: Latino Businesses Mobilize For Election

Welcome to Alejandro Lazo's occasional blog-within-a-blog on the region's Latino business community; we're calling it "La Plaza." By Alejandro Lazo They are calling it a hard lesson well learned. Following Prince William County's crackdown on illegal immigration earlier this year and a slew of anti-illegal-immigration bills introduced in the Virginia...

By Dan Beyers | August 14, 2008; 1:00 PM ET | Comments (1)

Sucampo Profit More Than Doubles, Shares Fall

From the Associated Press Sucampo Pharmaceuticals said its second-quarter profit more than doubled due to a large milestone payment from Takeda Pharmaceuticals of Japan, but the drug developer's shares dropped in Thursday trading. The Bethesda company's profit climbed to $29.9 million (71 cents per share) from $13.8 million (39 cents)...

By Terri Rupar | August 14, 2008; 12:55 PM ET | Comments (0)

Early Briefing: GeoEye's Earthly Setbacks

*GeoEye's dreams have long been anchored high in the sky, with plans to launch next month a $500 million satellite powerful enough to snap a picture of home plate at Nationals Park from 423 miles above the planet. But on Tuesday, the Dulles satellite company disclosed that it is confronting...

By Terri Rupar | August 14, 2008; 5:00 AM ET | Comments (0)

Roundup: FLO, AvalonBay, Integral, CoStar, DiamondRock

From staff and wire reports *FLO, a start-up that makes smart cards to speed travelers through airport security lines, said it signed a four-year exclusive deal to swiftly move Baltimore Ravens fans through security at M&T Bank Stadium. Last month, the Chantilly-based company signed a similar deal with the Washington...

By Terri Rupar | August 13, 2008; 3:44 PM ET | Comments (0)

FBR Capital Markets Cuts Staff By 10%

By Thomas Heath FBR Capital Markets, a publicly-traded affiliate of Friedman, Billings, Ramsey, Group Inc., the Arlington investment bank, laid off approximately 70 employees - about 10 percent of its workforce - this week as the firm struggles with the current malaise in the financial markets. FBR Capital Markets employed...

By Dan Beyers | August 13, 2008; 2:44 PM ET | Comments (1)

DC Area Gets High Marks for Internet Speeds

By Kim Hart Cross-posted from Post I.T. A state-by-state report released today of Internet connection speeds ranked DC, Virginia and Maryland relatively high on the list. The nationwide median download speed is 2.3 megabits per second. Rhode Island topped the list for the second year in a row at 6.8...

By Zachary Goldfarb | August 13, 2008; 9:55 AM ET | Comments (9)

Early Briefing: Explaining Biotech

*Geoffrey Allan has explained to Congress protein structures and how they work, as well as reviewed how drugs are absorbed into the body. If lawmakers understand the difference between chemical and biologic drugs, Allan reasons, they'll be more invested in his cause: getting quick approval for generic versions of biotech...

By Terri Rupar | August 13, 2008; 5:00 AM ET | Comments (0)

Carlyle Announces Deal For Steel Company

By Thomas Heath The Carlyle Group today announced an agreement to sell its interest in U.S. steel pipe and tube manufacturer John Maneely Co. to Russia's Novolipetsk Steel for $3.53 billion, according to the District-based private equity firm. Carlyle purchased the steel company in March of 2006 and has increased...

By Dan Beyers | August 12, 2008; 6:10 PM ET | Comments (3)

Value Added: The Cookie Diet Hits The Web

Here's Tom Heath's latest column on Washington's entrepreneurial set: One of my favorite movie lines comes out of Citizen Kane, when Everett Sloane tells Joseph Cotton, "it's no trick to make a lot of money... if what you want to do is make a lot of money." Matthew Siegal made...

By Dan Beyers | August 12, 2008; 4:50 PM ET | Comments (16)

Malone Calls AOL Dial-Up Business "Attractive"

By Zachary A. Goldfarb Just days after Time Warner said it had cleaved off AOL's dial-up Web access division and was in a position to sell it, another big media company expressed interest in a deal. John C. Malone, chairman and chief executive of Liberty Media Corp., an $8 billion...

By Terri Rupar | August 12, 2008; 4:47 PM ET | Comments (0)

Roundup: Watson Wyatt, Lockheed, Freddie, Micros

From staff and wire reports *Financial advisory firm Watson Wyatt Worldwide of Arlington said fourth-quarter profit rose 32 percent, to $41.7 million (95 cents a share) from $31.6 million (71 cents) in the comparable period a year earlier, on an increase in retirement services demand and the need for investment...

By Terri Rupar | August 12, 2008; 4:31 PM ET | Comments (0)

Up and Down: Taking a Break

For a variety of reasons, Up & Down probably will not be around for the next three Mondays. I apologize for the absence. You can see the list of the top gainers and losers in Monday's Washington Business section every week. Today I can point out a couple of things,...

By Terri Rupar | August 11, 2008; 12:00 PM ET | Comments (0)

Johnny Rockets Pitches to Entrepreneurs

Hamburger and chocolate shake, anyone? The Johnny Rockets retro-style restaurant chain hosted a franchise presentation at the Tysons Corner Marriott on Wednesday for local entrepeneurs looking to learn more about the restaurant chain. Johnny Rockets, which is owned by a private-equity firm under Washington Redskins owner Daniel Snyder, is looking...

By Terri Rupar | August 11, 2008; 10:00 AM ET | Comments (0)

Early Briefing: Commercial Real Estate Feels the Pain

It's Monday, which means the Business section goes all local. *In April, when a wealthy Irish investor bought the I.M. Pei-designed building at 2099 Pennsylvania Ave. NW for $173 million, or $867 a square foot -- a record for the District -- it appeared that the region's cachet and a...

By Terri Rupar | August 11, 2008; 5:00 AM ET | Comments (0)

 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company