Archive: February 15, 2009 - February 21, 2009

Morning Brief: Stimulus to Fund Local Projects

Metro and Maryland have detailed how they will use some of their share of the stimulus package money. The Transportation Planning Board of the Metropolitan Washington Council of Governments approved $230 million in projects for Metro on Wednesday, including $40 million to replace its oldest buses and crumbling rail station...

By Alejandro Lazo | February 19, 2009; 10:20 AM ET | Comments (0)

Greater Atlantic Classified as 'Undercapitalized'

Greater Atlantic Bank of Reston said in a regulatory filing that the Office of Thrift Supervision sent it a notice saying it is undercapitalized. The bank must file a capital restoration plan by March 16, as well as obey restrictions on asset growth, dividends and fees. The cease and desist...

By Terri Rupar | February 18, 2009; 12:48 PM ET | Comments (0)

BearingPoint Files for Bankruptcy Protection

McLean-based consultancy BearingPoint filed for bankruptcy protection under Chapter 11, the company announced today, saying it plans to continue business uninterrupted while reorganizing. "The filing was made with a 'pre-arranged' restructuring plan with the support of the Company's senior secured lenders. As a result, the Company expects that it will...

By Terri Rupar | February 18, 2009; 10:18 AM ET | Comments (0)

Value Added: Keeping The Deals Flowing

By Thomas Heath Robert L. Johnson's rise to riches is one of those oft-told success tales in entrepreneurial circles, the stuff of Washington legend. He was a lobbyist for the cable-TV industry in the late 1970s when he persuaded communications mogul John Malone to invest in his idea for a...

By Dan Beyers | February 15, 2009; 8:00 PM ET | Comments (5)

 
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