Morning Brief: Hargrove Wins Inaugural Contract

This morning, staff writer Anita Huslin takes a closer look at Hargrove, the local firm that for the fifth time in its 60-year history is in charge of planning and executing all of the official balls, parties and other events celebrating the inauguration of a new president.

This year, the firm's responsibilities will broaden into audio and video production for the official events. Earl Hargrove, 80, began helping his father run the decorating business from the basement of their Cheverly home in 1945. He recently sold the business to his middle daughter, Carla, and her husband, Tim McGill.

In other news, the real estate downturn is creating a series of get-rich-quick advertisements on the social networking site Facebook, and the Washington area is no exception. Staff writer Ian Shapira takes a look at the phenomenon, reporting that the advertisements are "importing recession anxieties into a domain otherwise dominated by humor, personal photographs and lists of favorite books."

And in other news, among the local publicly traded companies that registered the top stock price performances in 2007, seven are closing out this year with double-digit percentage losses. Only one, Arlington-based Strayer Education, has registered a positive return as 2008 draws to a close. Take a more detailed look here.

By Alejandro Lazo  |  December 30, 2008; 10:45 AM ET  | Category:  Economy Watch , Morning Brief
Previous: Morning Brief: Billings Steps Down from FBR Capital Markets | Next: Morning Brief: Annapolis Landmark Changes Hands


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