Archive: April 12, 2009 - April 18, 2009

PharmAthene Shares Down, but Emergent Up

Shares of Annapolis-based PharmAthene are down again today, after its disclosure yesterday that it has to give the Food and Drug Administration a new plan within 15 days explaining its "regulatory strategy" for a new anthrax vaccine. The Department of Health and Human Services didn't say whether that would affect...

By Terri Rupar | April 17, 2009; 3:35 PM ET | Comments (0)

Early Briefing: General Growth's Bankruptcy

General Growth Properties, the giant shopping mall company whose holdings stretch from Tysons Corner to the planned community of Columbia and Baltimore's Inner Harbor, yesterday sought protection in bankruptcy court, citing debts of more than $27 billion. The bankruptcy heralds a wave of trouble in commercial real estate that threatens...

By Terri Rupar | April 17, 2009; 9:51 AM ET | Comments (0)

Behind a Successful IPO

Check out this post from Frank Ahrens over at The Ticker, in which he looks at how Rosetta Stone not only went public in this market, but sold shares at more than the initial pricing and still saw them close higher. Shares gained $7.12, or almost 40 percent today, to...

By Terri Rupar | April 16, 2009; 4:47 PM ET | Comments (0)

Gannett Profit Falls 60 Percent

Gannett's first-quarter profit fell almost 60 percent, to $77.7 million from $191.8 million in the first quarter of 2008. Revenue fell about 18 percent, to $1.38 billion, hurt by a 34 percent drop in publishing advertising as the U.S. and British economies struggle. But digital revenue grew, as the McLean...

By Terri Rupar | April 16, 2009; 12:38 PM ET | Comments (1)

Rosetta Stone Shares Rise After IPO

Shares of Arlington-based Rosetta Stone were trading at around $25 this morning after being priced at $18 a share. That was higher than the range of $15 to $17 a share expected. Shares are trading under the ticker symbol RST. The language instruction company was offering 6.25 million shares, which...

By Terri Rupar | April 16, 2009; 11:10 AM ET | Comments (0)

Stratos Global Bought by Inmarsat Unit

Stratos Global of Bethesda said it has been acquired by a subsidiary of British satellite company Inmarsat. Inmarsat Finance II had indirectly financed the acquisition of Stratos by CIP Canada Investment in December 2007, and with that deal got a call option to buy CIP Canada and Stratos. Stratos said...

By Terri Rupar | April 15, 2009; 1:59 PM ET | Comments (0)

American Capital Makes First Exit of 2009

UPDATE 3:49 pm April 16, 2009: American Capital provided new information that this was not their first exit of 2008, as was originally reported in the blog entry below. It was the first exit that the company announced publicly. Sentences indicating number of exits have been updated in the original...

By Terri Rupar | April 15, 2009; 12:18 PM ET | Comments (0)

Early Briefing: What Executives Made

The shareholders who own the Washington region's big public companies didn't do very well last year, as most stocks swooned amid the downturn. But most of the men and women who run those companies did not suffer proportionately, according to regulatory filings, Tom Heath reports. Malon Wilkus, chairman of American...

By Terri Rupar | April 15, 2009; 9:56 AM ET | Comments (0)

Early Briefing: Sallie Mae Fighting Loan Plan

With the Obama administration proposing to overhaul the programs a majority of American students use to finance their college education, the student loan industry is fighting back, Amit Paley reports. Reston-based Sallie Mae, the nation's largest provider of student loans, recently launched a lobbying blitz on Capitol Hill and the...

By Terri Rupar | April 14, 2009; 12:07 AM ET | Comments (0)

Early Briefing: Health Care and Six Flags

More than $19 billion in stimulus money intended to revamp the nation's health system has piqued the interest of some local tech companies that have in the past shied away from the complex health-care industry. And for companies with expertise in the business, stimulus dollars mean new opportunities, Kim Hart...

By Terri Rupar | April 13, 2009; 9:02 AM ET | Comments (0)

 
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