Early Briefing: BearingPoint Nearing an End?

, reports MIchael Rosenwald. The company, which is in bankruptcy protection, last night said it reached a deal with parties including PricewaterhouseCoopers and Deloitte -- to sell "substantially all of its businesses." Deloitte is buying a "significant portion" of the public services business for $350 million, and Pricewaterhouse is buying a "substantial portion" of the firm's North American commercial services unit for $25 million. The deals require bankruptcy court approval.
"We have concluded that a sale of the company's business units maximizes value and provides the greatest stability for all interested parties. We are pleased that several parties have expressed interest in purchasing the majority of the company," BearingPoint chief executive Ed Harbach said in a statement.

Gannett is forcing most of its U.S. employees to take another week of unpaid leave this year as the nation's largest newspaper publisher prepares for its rapidly sinking advertising revenue to extend its slide during the second quarter. The furloughs must be taken before July and are designed to spread the pain throughout Gannett without the need for further layoffs.

John Kelly's column looks at something good about 100 Washington restaurants are doing: charging you a buck or more for your glass of tap water. The money will go to UNICEF to fund clean-drinking-water programs in Haiti, Togo, the Central African Republic and Sudan. One dollar can provide enough safe drinking water for one child for 40 days, he writes.

By Terri Rupar  |  March 24, 2009; 7:30 AM ET  | Category:  Economy Watch , Morning Brief
Previous: Early Briefing: Struggles in Biotech | Next: Early Briefing: Opposition to Expanding Unemployment in Va.


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