Archive: October 12, 2008 - October 18, 2008

The Weekend Movie: Obeying The Law

There's been a lot of talk recently about how we all have to live within our means, spend only what we save, get off the credit bus. So that got us thinking: What if everyone did what they are supposed to? Are there unintended consequences? Here's some food for thought,...

By Dan Beyers | October 17, 2008; 5:00 PM ET | Comments (0)

Early Briefing: The Econ 101 Reality Check

Edmund Addae-Konadu, a second-year MBA student at Howard, speaks out during Lynne Kelly's economics class. Classes have been transformed into discussions on the current economic crisis. (By Sarah L. Voisin -- The Washington Post) According to her syllabus, the topic of the day in Professor Lynne Kelly's graduate microeconomics...

By Dan Beyers | October 17, 2008; 7:26 AM ET | Comments (0)

Capital One Posts Third-Quarter Profit

From staff and wire reports Capital One posted a third-quarter profit of $374.1 million ($1 a share), compared with a loss of $81.6 million (21 cents) in the comparable period a year earlier on expenses tied to closing its subprime mortgage unit. The McLean credit card issuer and bank said...

By Terri Rupar | October 16, 2008; 4:19 PM ET | Comments (0)

Roundup: Hughes, Media General

From staff and wire reports *Hughes Communications will use cash instead of debt to finance a new satellite that moves data 10 times faster than its existing service, CEO Pradman Kaul said. "We currently have enough cash and enough from our projected cash flow to more than pay for the...

By Terri Rupar | October 16, 2008; 3:54 PM ET | Comments (0)

Profit Drops at Danaher, Orbital Sciences

From wire reports Danaher of the District said third-quarter profit dropped 23 percent, to $371.9 million ($1.11 a share) from $483.7 million ($1.03) in the comparable quarter a year earlier. Revenue for the diversified manufacturer that makes bar code readers, medical products, and Sears' Craftsman tools was up 17 percent,...

By Terri Rupar | October 16, 2008; 11:03 AM ET | Comments (0)

Early Briefing: Cuts at Sirius XM, and in Budgets

*Sirius XM Radio laid off at least 50 workers, including on- and off-air talent at channels with formats ranging from oldies to modern rock, according to employees and a source with direct knowledge of the cutbacks. The satellite radio company's New York offices did not return phone calls or e-mails...

By Terri Rupar | October 16, 2008; 5:00 AM ET | Comments (1)

CapitalSource Delays Unit's IPO

By Thomas Heath CapitalSource, the Chevy Chase-based commercial lender, said yesterday that it has temporarily delayed the initial public offering of its wholly owned health-care real estate investment trust due to "market volatility." CapitalSource in August said it would offer 14 million shares in CapitalSource Healthcare REIT, priced at $18...

By Terri Rupar | October 15, 2008; 5:33 PM ET | Comments (0)

Roundup: Constellation, Chevy Chase, CarMax, Carlyle

From staff and wire reports *French energy company Electricite de France said it is dropping its bid for Constellation Energy Group because of the global credit crisis. EdF said it still hopes to develop four new nuclear reactors in the United States and is studying other options. The boards of...

By Terri Rupar | October 15, 2008; 3:35 PM ET | Comments (0)

DiamondRock Profit, FFO Fall

DiamondRock Hospitality of Bethesda said third-quarter profit fell 23 percent, to $12.2 million (13 cents a share), and funds from operations fell 8.7 percent, to $30.5 million (33 cents). Revenue dropped 3.1 percent, to $161.4 million in the period ended Sept. 5. Same-store revenue per available room fell 3 percent...

By Terri Rupar | October 15, 2008; 10:26 AM ET | Comments (0)

Early Briefing: Construction's Outreach

*In 1984, when Kyle Brown started at Miller & Long Concrete Construction, most workers were black. But by the mid-1990s, they had been replaced by Latinos. And Brown, 48, vividly recalls his initial loneliness as "the outsider." Now, he has been sent on a mission to alter the trend. Officials...

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

Value Added: Advising The Debt Collectors

Here's Tom Heath's latest column on Washington's business community: I got to know Marvin Kaulkin smoking an occasional cigar together at Bethesda Tobacco, a popular spot in lower Montgomery County. Bethesda Tobacco tends to draw more than its share of businessmen and entrepreneurs from the Washington scene, and so it's...

By Dan Beyers | October 14, 2008; 7:00 PM ET | Comments (7)

Learning Tree Off the Market

From the Associated Press Learning Tree International of Reston said it has taken itself off the market because of the financial crisis that has made it difficult for potential buyers to get credit. Learning Tree, which provides training materials and courses for information technology, said in a statement that "current...

By Terri Rupar | October 14, 2008; 5:37 PM ET | Comments (0)

Roundup: Sirius XM, Washington REIT, Fan & Fred

From staff and wire reports *Sirius XM Radio chief executive Mel Karmazin said he is confident the company can refinance debt coming due next year and reiterated forecasts for cost savings and earnings. "We're certainly engaged in discussions with the people who hold our debt," Karmazin said at Dow Jones...

By Terri Rupar | October 14, 2008; 4:00 PM ET | Comments (0)

Early Briefing: Get A Physical, Get $75

Debbie and Larry Ward of Jefferson, Md., each get $75 from Debbie's company when they go for their annual physicals. Arlington County police officer Darrin Cassedy received a two-night hotel stay in Florida and an MP3 player from his employer for losing weight and exercising. Sandy Colaccino of Silver Spring...

By Dan Beyers | October 14, 2008; 7:35 AM ET | Comments (0)

Early Briefing: Will Defense Escape The Downturn?

Many defense contractors are not so sure. Staff writer Dana Hedgpeth dropped in on a trade show sponsored by the Association of the United States Army and heard lots of concerns that spending could slow as the nation strains under a global economic crisis and as presidential contenders talk about...

By Dan Beyers | October 13, 2008; 8:30 AM ET | Comments (0)

The Download: The NASA Field Trip

After a two-year-hiatus, The Download is back. The column will chronicle Washington's evolving tech scene and the people who make it tick. Kim Hart will write about Washington's tech scene every other Monday. Send tips to hartk@washpost.com. By Kim Hart HAMPTON, VA. From the outside, the model lunar habitat at...

By Dan Beyers | October 13, 2008; 1:00 AM ET | Comments (1)

 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company