Archive: February 8, 2009 - February 14, 2009

Morning Brief: Economic Stimulus Helps Locally

The economic stimulus bill facing a vote in Congress would provide enough money to modernize more than 300 schools in the District, Maryland and Virginia and would boost unemployment benefits to more than half a million people, staff writers Mary Beth Sheridan and Michael Laris report. The Obama administration...

By Alejandro Lazo | February 13, 2009; 9:20 AM ET | Comments (0)

Morning Brief: Two Washington Banks Merge

Two Washington area banks controlled by the same local businessman have decided to merge forces. Independence Federal Savings Bank yesterday said on Wednesday that it plans to merge with ColomboBank of Rockville. The deal would create a $300 million thrift controlled by Washington businessman Morton A. Bender. Reports staff...

By Alejandro Lazo | February 12, 2009; 9:23 AM ET | Comments (1)

Morning Brief: Hardware Store Memorialized

Nichols Hardware is a 95-year-old family-run operation in Purcellville. Now longtime customers have decided to make a documentary of the place to memorialize it. The film follows a year in the life of the store, and the filmmakers hope to draw audiences who share their amazement that such an...

By Alejandro Lazo | February 11, 2009; 9:33 AM ET | Comments (0)

Honest Tea's Goldman On Leadership

In On Leadership, Steven Pearlstein and Ben Bradlee ask executives whether there's a right way to downsize and who's doing it right. Seth Goldman of Bethesda-based Honest Tea weighs in, saying that while his company is actually hiring right now, honesty and respect in layoffs is key. Check out the...

By Terri Rupar | February 10, 2009; 11:04 AM ET | Comments (0)

Morning Brief: Stimulus Hits D.C. Home Buyers

One part of the stimulus bill may end up have some big local repercussions for local homebuyers. A tax credit designed to jump-start the housing market may, tucked into the Senate version of the stimulus bill under debate in Congress, may end up short-changing those who are looking to...

By Alejandro Lazo | February 10, 2009; 10:00 AM ET | Comments (0)

Morning Brief: A Look At Fairchild Without Steiner

On Mondays we take a look at all business news that is local. Staff writer Michael S. Rosenwald has an intriguing look at the life and legacy of Jeffrey Steiner, the enigmatic chief executive of McLean's Fairchild Corp., which Rosenwald writes is struggling to survive the downturn. "He was...

By Alejandro Lazo | February 9, 2009; 9:33 AM ET | Comments (0)

Report Examines Housing, Commuting Tradeoffs

We've been making the tradeoff for years: moving to farther-out suburbs where the housing is cheaper, then paying for it with longer commutes. The Urban Land Institute'sTerwilliger Center for Workforce Housing is out today with a report that breaks down the cost of these choices in the Washington area,...

By Dan Beyers | February 9, 2009; 9:30 AM ET | Comments (1)

Value Added: Working Out The Business

By Thomas Heath I thought I knew how fitness centers make money. They sell lots of memberships at low prices, assuming many people will just stop showing up. The fitness center is built and staffed for the regulars, so the money from the no-shows is profit. That's not how entrepreneur...

By Dan Beyers | February 8, 2009; 9:47 PM ET | Comments (21)

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