Archive: May 3, 2009 - May 9, 2009

W.R. Grace, Former Executives Acquitted

Columbia-based W.R. Grace & Co. and three former executives were acquitted today on charges that they knowingly let residents of Libby, Mont., be exposed to asbestos from a mine there. Shares of the company rose more than 30 percent on the news. The trial began in February, and the jury...

By Terri Rupar | May 8, 2009; 2:51 PM ET | Comments (0)

Early Briefing: Debating Retail at Metro Stations

Later this month, the Metro board is scheduled to consider whether to solicit proposals for retail kiosks in a dozen Metrorail stations. Metro has never allowed retail sales in stations in its 33 years. Officials tried once before to consider food sales at kiosks, but strong board opposition killed the...

By Terri Rupar | May 8, 2009; 7:30 AM ET | Comments (1)

Washington Consumers' Confidence Up

Washington area consumers are more optimistic about the region's economy than they were in December, according to a survey released today, but slightly fewer now say they expect to purchase a big-ticket item such as a new car or furniture in upcoming months. The region's Consumer Confidence Index, a survey...

By Terri Rupar | May 7, 2009; 4:07 PM ET | Comments (0)

Blackboard to Acquire Angel Learning

Blackboard, the maker of software used by colleges to put lectures online, said yesterday that it expects to acquire one of its main competitors, Angel Learning of Indianapolis. The District-based company, whose e-learning software is ubiquitous on many university campuses, will pay about $95 million -- $80 million in cash...

By Terri Rupar | May 7, 2009; 9:58 AM ET | Comments (0)

Early Briefing: Prepping for Swine Flu

At Booz Allen Hamilton in McLean, an emergency operations center has been opened with large monitors hanging on the wall tracking the progress of swine flu. Signs have gone up in restrooms at Marriott International in Bethesda with proper hand-washing guidelines. Pepco officials are making sure employees have proper computer...

By Terri Rupar | May 5, 2009; 7:30 AM ET | Comments (0)

Early Briefing: Looking to Cuba

Virginia and Maryland trade officials, sensing winds of change in the tempestuous relationship between the United States and Cuba, are hustling to build markets for their goods in the event two countries normalize relations further. Virginia agriculture has already benefited from the relaxation of the 47-year-old trade embargo with Cuba,...

By Terri Rupar | May 4, 2009; 7:30 AM ET | Comments (0)

 
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