Archive: March 29, 2009 - April 4, 2009

"Value Added" Has Moved!

We are so proud of our first graduate from the WashBiz Blog: Thomas Heath's "Value Added" column is moving to its own dedicated Web page, just like our other famous columnists. Value Added will now run in Sunday Business. You can find a link to his columns here. If...

By Dan Beyers | April 3, 2009; 12:32 PM ET | Comments (0)

Early Briefing: ZGS Head to Lead Telemundo Station Group

Ronald J. Gordon, who helped turn ZGS Communications in Arlington into a major player in the Spanish-language broadcast market, is leaving later this month to become president of the Telemundo Station Group. Network officials say Gordon, who will be based in Miami and New York, has been assigned to oversee...

By Terri Rupar | April 3, 2009; 9:58 AM ET | Comments (0)

Middleburg Selling 10 Percent Stake

Middleburg Financial agreed this week to sell 454,545 shares to David L. Sokol, chairman of MidAmerican Energy Holdings, which is owned by Berkshire Hathaway. MidAmerican, you may remember, was going to buy Constellation Energy till the Baltimore company opted for a deal with France's EDF. Sokol is paying $5 million...

By Terri Rupar | April 2, 2009; 1:57 PM ET | Comments (0)

Washington Area Unemployment Over 6 Percent

Unemployment in the Washington metro area was 6.1 percent in February, up from 5.6 percent in January and 3.2 percent in February of 2008. It was the first time the local unemployment rate went over 6 percent since at least 1990, according to Bureau of Labor Statistics numbers. The labor...

By Terri Rupar | April 1, 2009; 11:13 AM ET | Comments (0)

Rosetta Stone Prices IPO

Arlington-based Rosetta Stone set a price range for its initial public offering that at its midpoint values the company at $100 million. The seller of language programs said in a regulatory filing that it plans to price its shares at $15 to $17 a share and that 6.25 million shares...

By Terri Rupar | April 1, 2009; 10:42 AM ET | Comments (0)

Early Briefing: Local Dealerships Have Been Preparing

Washington area dealerships that sell General Motors and Chrysler vehicles have been trimming costs and reducing the number of cars on their lots for more than a year in expectation that the two American manufacturing icons might be forced into bankruptcy. Dealerships said they have continued advertising to assure the...

By Terri Rupar | April 1, 2009; 8:52 AM ET | Comments (0)

Report Shows Impact of High-Tech Jobs

TechAmerica (formerly AeA and the Information Technology Association of America) today released its 12th annual Cyberstates report, which shows that Virginia had the highest concentration of tech workers in the country in 2007, at 9.2 percent. Maryland ranks fifth, at 8 percent, and the District ranks sixth, at 7.3 percent....

By Terri Rupar | March 31, 2009; 2:31 PM ET | Comments (0)

Early Briefing: Alliant Winners Named

The General Services Administration named 59 companies as winners of a $50 billion contract to supply information technology services to the federal government. The contract, called Alliant, is the largest government-wide IT services contract ever awarded by the GSA. It is worth up to $50 billion over the next five...

By Terri Rupar | March 31, 2009; 7:30 AM ET | Comments (0)

Early Briefing: The New Contractors

Kim Hart writes about the opportunities that the federal government is creating for Washington technology firms -- even those that have not typically sold services to agencies. Companies that have traditionally focused on creating Web services for consumers and energy-saving technology for big corporations see lucrative chances to break into...

By Terri Rupar | March 30, 2009; 9:37 AM ET | Comments (0)

Value Added Will Return

As you may have read, Tom Heath's Value Added is moving from Mondays to Sundays. But we'll have to wait a week; look for his column next weekend....

By Terri Rupar | March 29, 2009; 8:00 PM ET | Comments (1)

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