Archive: Roundup

Roundup: Gannett, ICO

From staff and wire reports *Gannett said it will cut another 10 percent from the workforce at its local newspapers by early December. The latest reductions, to come by early December, follow a 10 percent cut announced in August. Neither round affects USA Today. McLean-based Gannett isn't revealing a specific...

By Terri Rupar | October 28, 2008; 04:01 PM ET | Comments (0)

Roundup: PNC, Sallie Mae, WSB, CarMax

From staff and wire reports *PNC Bank plans to open 41 branches and 180 ATMs in Giant Food stores in the District, Maryland, Virginia and Delaware next year. The companies said more branches and ATMs will be added during their 10-year agreement. The agreement comes several months after Chevy Chase...

By Terri Rupar | October 23, 2008; 04:12 PM ET | Comments (0)

Roundup: Constellation, CSC, WorldSpace

From staff and wire reports *Constellation Energy Group of Baltimore said that its chief financial officer is stepping down and that it will promote the treasurer to replace him. The company said John R. Collins will take an advisory role in the company's merger with MidAmerican Energy Holdings. He will...

By Terri Rupar | October 21, 2008; 04:03 PM ET | Comments (0)

Roundup: Hughes, Media General

From staff and wire reports *Hughes Communications will use cash instead of debt to finance a new satellite that moves data 10 times faster than its existing service, CEO Pradman Kaul said. "We currently have enough cash and enough from our projected cash flow to more than pay for the...

By Terri Rupar | October 16, 2008; 03:54 PM ET | Comments (0)

Roundup: Constellation, Chevy Chase, CarMax, Carlyle

From staff and wire reports *French energy company Electricite de France said it is dropping its bid for Constellation Energy Group because of the global credit crisis. EdF said it still hopes to develop four new nuclear reactors in the United States and is studying other options. The boards of...

By Terri Rupar | October 15, 2008; 03:35 PM ET | Comments (0)

Roundup: Sirius XM, Washington REIT, Fan & Fred

From staff and wire reports *Sirius XM Radio chief executive Mel Karmazin said he is confident the company can refinance debt coming due next year and reiterated forecasts for cost savings and earnings. "We're certainly engaged in discussions with the people who hold our debt," Karmazin said at Dow Jones...

By Terri Rupar | October 14, 2008; 04:00 PM ET | Comments (0)

Roundup: Gateway Bank, Discovery, Corporate Office Properties Trust

From staff and wire reports *Gateway Financial Holdings, the Virginia Beach-based parent of Gateway Bank & Trust Co., said it has agreed to a $101 million deal to merge with Hampton Roads Bankshares, the holding company for the Bank of Hampton Roads and Shore Bank. Gateway was among area institutions...

By Terri Rupar | September 24, 2008; 04:01 PM ET | Comments (0)

Roundup: Capital One, Constellation, Iridium and More

From staff and wire reports *Capital One Financial plans to offer 14 million new shares as it builds loan loss reserves by $200 million. The U.S. economy is expected to stay weak, the McLean company said in a statement. *Maryland Gov. Martin O'Malley says he will let the state's Public...

By Terri Rupar | September 23, 2008; 05:09 PM ET | Comments (0)

Roundup: Eagle Bank, Lockheed, Martek, Case

From staff and wire reports *Eagle Bancorp of Bethesda announced four new directors in the wake of its acquisition of Fidelity & Trust Financial. Robert P. Pincus, formerly chairman of Fidelity & Trust, will be vice chairman. Also on the board are Norman R. Pozez, chief executive of Uniwest; Susan...

By Terri Rupar | September 18, 2008; 06:36 PM ET | Comments (0)

Roundup: Presidential Golf, Discovery, Sallie, Circuit City

From staff and wire reports *Presidential Golf Partners, which owns and operates the Presidential golf club in Dulles, filed for Chapter 7 bankruptcy in the U.S. Bankruptcy Court for the Eastern District of Virginia. The Loudoun County club, which opened its corporate-only facility in May, abruptly closed Monday. More than...

By Terri Rupar | September 17, 2008; 07:31 PM ET | Comments (0)

Roundup: HealthExtras, OpGen, Constellation, CSC

From staff and wire reports *HealthExtras of Rockville is changing its name to Catalyst Health Solutions effective Oct. 1. Its ticker symbol will change from HLEX to CHSI. "Aligning the corporate brand with our most visible operation capitalizes on Catalyst Rx's brand equity and creates consistency for our shareholders and...

By Terri Rupar | September 16, 2008; 04:55 PM ET | Comments (0)

Roundup: Vanda, Host, Hanger, NVR

From staff and wire reports *Vanda Pharmaceuticals' stock rose slightly today, after the company said it was preparing a response to the Food and Drug Administration's rejection of its schizophrenia drug treatment. Vanda and the FDA met yesterday to talk about iloperidone, Vanda's schizophrenia treatment. While the FDA suggested this...

By Terri Rupar | September 11, 2008; 05:31 PM ET | Comments (1)

Roundup: Marriott, Sunrise, EagleBank, SLM, AOL

From staff and wire reports *Marriott International said James M. Sullivan, the Bethesda firm's head of global development, will retire in April after 25 years at the company. Sullivan, 64, was the primary architect of much the company's growth in recent years, leading the department responsible for making deals with...

By Terri Rupar | September 10, 2008; 04:17 PM ET | Comments (1)

Roundup: Gannett, SRA, NVR, RLJ

From staff and wire reports *Gannett is eliminating about 100 management jobs at its newspapers across the country on top of about 1,000 job cuts, including 600 layoffs, announced last month. Neither round of cuts affects Gannett's flagship newspaper, USA Today. The McLean-based publisher announced the cuts after revenue declined...

By Terri Rupar | September 9, 2008; 04:26 PM ET | Comments (0)

Roundup: Human Genome Sciences, Comstock, SLM

From staff and wire reports *Human Genome Sciences of Rockville said it entered a manufacturing alliance with Hospira, agreeing to manufacture, develop and sell supplies of some of Hospira's biopharmaceutical products. The companies did not disclose financial terms of the deal or identify the products HGS would make. HGS also...

By Terri Rupar | September 4, 2008; 05:05 PM ET | Comments (0)

Roundup: N.E.W., United Therapeutics, GeoEye, Freddie

From staff and wire reports *Office Depot has partnered with N.E.W. Customer Service, a Dulles firm that sells extended warranty service plans for electronics, to start an online recycling program for unwanted devices. Customers can go to Office Depot's Web site and print a prepaid UPS label to ship N.E.W....

By Terri Rupar | September 3, 2008; 04:36 PM ET | Comments (0)

Roundup: Sallie Mae, Constellation, Micros Systems

*Micros Systems said Thursday its fiscal 2008 fourth-quarter profit grew 12 percent, to $30.7 million (37 cents a share) from $27.4 million (33 cents) in the comparable period a year earlier. Revenue rose 16 percent, to $256.6 million from $221.6 million. Revenue grew in every category, rising 21 percent in...

By Terri Rupar | August 28, 2008; 05:30 PM ET | Comments (0)

Roundup: Tourism, Orbital Sciences, Lockheed

From staff and wire reports *The number of visitors to Washington rose in 2007 and is holding steady this year, though tourism officials are bracing for a decline in 2009 because of the weakening U.S. economy, according to statistics released Wednesday. Washington counted 16.2 million visitors in 2007 -- a...

By Terri Rupar | August 27, 2008; 04:04 PM ET | Comments (0)

Roundup: CACI, LCC, Deltek, Tier

From staff and wire reports *CACI International of Arlington appointed James L. Pavitt to its board. Pavitt is a former deputy director of operations for the Central Intelligence Agency. He left the CIA in 2004 and now works for the Scowcroft Group, a District-based international consulting firm that focuses on...

By Terri Rupar | August 7, 2008; 05:20 PM ET | Comments (1)

Roundup: ICF, SLM , GD, Carlyle and FTI

From staff and wire reports *ICF International of Fairfax posted a drop in second-quarter profit, to $7.9 million (52 cents a share) from $11.2 million (75 cents) in the comparable period a year earlier, but the profit still exceeded analysts' forecasts. Revenue fell to $184.1 million from $190.2 million. The...

By Terri Rupar | August 6, 2008; 06:01 PM ET | Comments (0)

Roundup: Carlyle, ComScore, Stanley, Constellation, Dominion, Ore

From staff and wire reports *Carlyle Group of the District is liquidating the Blue Wave hedge fund, in which it is a minority investor, after assets fell by a third. Blue Wave, a joint venture started last year with two former Deutsche Bank executives, is the second Carlyle-affiliated debt fund...

By Terri Rupar | July 31, 2008; 05:04 PM ET | Comments (0)

Roundup: ManTech, Human Genome Sciences, Lockheed

From staff and wire reports *ManTech International of Fairfax said second-quarter profit grew 45 percent, to $21.9 million (62 cents a share) from $15.1 million (44 cents) in the comparable period a year earlier. Revenue grew 33 percent, to $465 million. Its reported backlog as of June 30 was $3.44...

By Terri Rupar | July 30, 2008; 04:44 PM ET | Comments (0)

Roundup: XM, NCI, Online Resources

From staff and wire reports *XM Satellite Radio and Sirius Satellite Radio said they have completed their long-pending merger. The combined company plans to use the name Sirius XM Radio. Its stock will continue to be traded on the Nasdaq under the ticker symbol SIRI. They first announced their deal...

By Terri Rupar | July 29, 2008; 04:34 PM ET | Comments (0)

Roundup: Foundation Coal, Honest Tea, Sallie

From staff and wire reports *Foundation Coal Holdings of Linthicum Heights said posted a second-quarter loss of $4.4 million (10 cents a share), compared with a loss of $3.8 million (8 cents) in the comparable period a year earlier. Revenue grew 12 percent, to $411.9 million. Results were hurt by...

By Terri Rupar | July 24, 2008; 04:32 PM ET | Comments (0)

Roundup: Sallie, USIS, LaSalle, Corporate Executive Board

From staff and wire reports *SLM said its second-quarter profit fell 72 percent, to $266 million (50 cents a share) from $966 million ($1.03), as investors purchased fewer securities backed by its loans. In the second quarter last year, Reston-based Sallie Mae had a gain of $842 million from derivatives....

By Terri Rupar | July 23, 2008; 05:21 PM ET | Comments (0)

Roundup: Summize, Capital One, Media General, Gladstone Capital

From staff and wire reports *Twitter acquired Summize to add technology for searching within the site. The five engineers who make up Potomac Falls-based Summize will take jobs at Twitter, the company said this week on its blog. Terms of the acquisition weren't disclosed. *GreenPoint Mortgage Funding, a Capital One...

By Terri Rupar | July 16, 2008; 04:02 PM ET | Comments (0)

Roundup: Giant, Liquidity Services

From staff and wire reports *Royal Ahold appointed Carl Schlicker to succeed Jose Alvarez as chief executive of its Stop & Shop/Giant-Landover unit. Alvarez will become executive vice president for global business development and will report to Ahold CEO John Rishton, the Amsterdam-based company said. *Check out Sharon McLoone's Small...

By Terri Rupar | July 10, 2008; 04:23 PM ET | Comments (3)

Roundup: Fannie and Freddie, Comstock, Micros

From staff and wire reports *Shares of Fannie Mae and Freddie Mac tumbled today amid continuing fears the mortgage finance companies will be forced to sell more new shares than anticipated to compensate for losses from the housing slump. Shares have plunged to levels not seen since the early 1990s....

By Terri Rupar | July 9, 2008; 04:51 PM ET | Comments (0)

Roundup: Lockheed, Gannett, LandAmerica, Alex. Brown

From staff and wire reports *Lockheed Martin said it received a $1.2 billion contract from the Transportation Security Administration to manage its human resources program. Under the contract, for as many as eight years, the Bethesda company said it will develop a human resources system that will be used to...

By Terri Rupar | July 8, 2008; 04:21 PM ET | Comments (0)

Roundup: AES, Freddie, Chindex and MiddleBrook

From staff and wire reports *AES bought 49 percent of a wind farm owned by Guohua Energy Investment in China's Inner Mongolia region for $10 million to tap rising demand for renewable power in the world's second-largest energy consumer. The Guohua Hulunbeier Wind Farm, which started commercial operations in September,...

By Terri Rupar | July 3, 2008; 05:20 PM ET | Comments (0)

Roundup: Dominion, Carlyle, CSC, SRA

From staff and wire reports *Dominion Resources has found another buyer for its West Virginia and Pennsylvania natural gas distribution companies, which account for about 12 percent of its 4 million electric and natural gas utility customer accounts in the Mid-Atlantic and Midwest. Private investor Babcock & Brown Infrastructure Fund...

By Terri Rupar | July 2, 2008; 03:37 PM ET | Comments (0)

Roundup: Hogan & Hartson, Emergent, Dominion, Carlyle

From staff and wire reports *District-based law firm Hogan & Hartson said it is opening an office in Abu Dhabi in the United Arab Emirates, its first in the Middle East. Partner Ray Batla will be managing partner of the new office, the firm's 25th. "We have been increasingly focused...

By Terri Rupar | July 1, 2008; 03:46 PM ET | Comments (0)

Roundup: Grocery Stores, Ecologic and Cogent

From staff and wire reports *An annual survey of the region's top grocery chains shows Giant Food's market share continuing to erode, though it remained the region's leading supermarket. According to trade publication Food World, Giant's market share dipped 2 percentage points to 35 percent in the year ending March...

By Terri Rupar | June 26, 2008; 04:22 PM ET | Comments (0)

Roundup: CACI; Ross, Dixon & Bell; Core Capital Partners, AOL

From staff and wire reports *Government contractor CACI International forecast profit for the upcoming year below what Wall Street is predicting, although sales are expected to be in line with analysts' forecasts. The company said it expects fiscal 2009 profit of $2.90 to $3.10 per share, on revenue of $2.55...

By Terri Rupar | June 25, 2008; 04:18 PM ET | Comments (0)

Roundup: American Capital Strategies, CapitalSource, Legg Mason

From staff and wire reports *American Capital Strategies was sued by Merisel after the asset manager canceled its purchase of the communications firm for $5.75 a share. The shares have been trading below $2. Merisel, based in New York, contends Bethesda-based American Capital violated the contract and asked a judge...

By Terri Rupar | June 24, 2008; 04:33 PM ET | Comments (0)

Roundup: BearingPoint, CapitalSource, Carlyle

From staff and wire reports *BearingPoint, the McLean management and technology consulting firm, lost a fifth of its stock value after triggering a New York Stock Exchange rule that halts trading in a stock after it moves below a certain price. The exchange rule kicked in Wednesday when BearingPoint's share...

By Terri Rupar | June 19, 2008; 06:14 PM ET | Comments (0)

Roundup: Coventry, Gemini, Liquidity Services

From staff and wire reports *Coventry Health Care reduced its second-quarter and full-year earnings forecasts after costs came in higher than expected in April and May. "We are very disappointed with the April and May 2008 results and their anticipated effect on the second quarter and the full year," the...

By Terri Rupar | June 18, 2008; 04:49 PM ET | Comments (0)

Roundup: SAIC, Cogent, Dominion Resources

From staff and wire reports *SAIC may make more acquisitions of health and energy companies to lessen its reliance on U.S. defense budgets, CEO Ken Dahlberg said. Expanding non-defense businesses through purchases is "not only good for shareholders, it does offset a drawdown in defense spending" that may occur with...

By Terri Rupar | June 12, 2008; 04:17 PM ET | Comments (0)

Roundup: Steptoe & Johnson, XM, MicroStrategy, BearingPoint

From staff and wire reports *Steptoe & Johnson of the District named partner Daryl "Sandy" Chamblee as its first chief diversity partner. Chamblee will implement a firmwide diversity plan while maintaining her litigation practice in the D.C. office of the law firm, which has about 500 attorneys. Her practice focuses...

By Terri Rupar | June 11, 2008; 04:07 PM ET | Comments (0)

Roundup: XM, Kaseman, Media General

From staff and wire reports *Two bits of news on XM Satellite Radio today: The District-based company said it had settled a copyright dispute with music publisher EMI Music. The big recording companies were concerned that XM's portable Pioneer Inno music player enabled listeners to record songs. XM did not...

By Terri Rupar | June 10, 2008; 03:40 PM ET | Comments (0)

Roundup: Discovery, Martek, Slate, Jos. A. Bank

*Discovery Holding and Advance/Newhouse signed a definitive agreement to combine their stakes in Discovery Communications, owner of the Discovery and Animal Planet cable channels. Former Discovery chief executive and current board member John Hendricks will be appointed chairman and David Zaslav will be CEO, Discovery Holding said. A preliminary accord...

By Terri Rupar | June 4, 2008; 04:29 PM ET | Comments (0)

Roundup: Prince George's, Lockheed, TMS

From staff and wire reports *Prince George's officials announced today that the county has been awarded a AAA rating by a Wall Street bond house, an achievement they described as historic for a county they feel is often not given the respect it deserves. Nationwide, 48 counties have been awarded...

By Terri Rupar | June 3, 2008; 03:49 PM ET | Comments (0)

Roundup: GenVec, Martek, Marriott, GD, Lockheed

From staff and wire reports * GenVec said early test results of its treatment for esophageal cancer showed encouraging long-term results. The median survival time for patients taking the Gaithersburg company's drug, TNFerade, along with chemo radiation, was 48.4 months, compared with 9.7 to 18.6 months in comparable studies. The...

By Terri Rupar | May 29, 2008; 04:30 PM ET | Comments (0)

Roundup: Learning Tree, FBR Capital Markets, Gannett

From staff and wire reports *Learning Tree International said it is soliciting offers to purchase the company. Reston-based Learning Tree, which provides educational and training services for information technology professionals, said it is still considering operating as a stand-alone company or pursuing other strategic alternatives. The company said it will...

By Terri Rupar | May 28, 2008; 04:17 PM ET | Comments (0)

Roundup: Media General, XM, Hughes

From staff and wire reports *Media General said it will have cut its work force by nearly 11 percent, or 750 jobs, by October to reduce operating costs. The publisher of the Richmond Times-Dispatch, the Tampa Tribune and Winston-Salem Journal said it expects annual savings of $40 million from the...

By Terri Rupar | May 22, 2008; 05:11 PM ET | Comments (0)

Roundup: CSC, Capital One, Freddie Mac

From wire reports *Computer Sciences Corp. said fourth-quarter profit fell 29 percent, to R181.7 million ($1.15 a share) from $254.2 million ($1.44) in the comparable period a year earlier. The Falls Church-based manager of networks for NASA and the U.S. Navy said revenue climbed 11 percent, to $4.48 billion. Computer...

By Terri Rupar | May 21, 2008; 05:00 PM ET | Comments (0)

Roundup: Constellation, DuPont Fabros, Capital One

From staff and wire reports *Constellation Energy Group said it will sell its energy consulting and management subsidiary to the company's co-founder, Andrew R. Fellon. Constellation acquired the unit, Fellon-McCord & Associates, in 2003. Financial terms of the deal weren't disclosed. The companies will maintain a "strategic alliance," Constellation of...

By Terri Rupar | May 15, 2008; 05:46 PM ET | Comments (0)

Roundup: Greater Washington Initiative, Stanley and LCC

From staff and wire reports * The Greater Washington Board of Trade said it hired Matt Erskine as executive director of the Greater Washington Initiative, which promotes the area to businesses. Erskine, former president of Richmond-based consulting firm Play and deputy secretary of commerce and trade for Virginia, starts July...

By Terri Rupar | May 14, 2008; 05:13 PM ET | Comments (0)

Roundup: Flo, CSC, Sallie Mae, BearingPoint

From staff and wire reports *Flo, a Chantilly-based start-up, said it bought the technology it needs to operate its speedy airport security lanes for $5.25 million. Launched last year, Flo has slowly been pushing its way into the "registered traveler" business, offering expedited airport security screening to passengers who voluntarily...

By Terri Rupar | May 13, 2008; 04:51 PM ET | Comments (1)

Roundup: NeuStar, Blackboard, Legg Mason

From staff and wire reports *NeuStar said it swung to a first-quarter loss of $4.5 million (6 cents a share), cmpared with a profit of $18 million (23 cents) in the comparable period a year earlier, as a hefty charge offset revenue growth. Revenue at the Sterling-based provider of clearinghouse...

By Terri Rupar | May 7, 2008; 05:12 PM ET | Comments (0)

Roundup: Earnings from Gladstone Commercial, Harman, SRA, and More

From staff and wire reports *Gladstone Commercial of McLean said first-quarter funds from operations grew about 15 percent, to $3.4 million (39 cents a share) from $2.9 million (34 cents) in the comparable period a year earlier. Revenue grew 28.8 percent, to $9.5 million. During the quarter, Gladstone purchased three...

By Terri Rupar | May 6, 2008; 05:28 PM ET | Comments (0)

Roundup: Novavax, Micros, Sprint

From staff and wire reports *Vaccine maker Novavax said it opened its first plant that will be used to manufacture vaccines for infectious diseases in the United States. The $5 million, 5,000-square-foot facility at the company's headquarters in Rockville will focus on producing flu vaccine for Novavax's clinical programs, with...

By Terri Rupar | May 1, 2008; 03:42 PM ET | Comments (0)

Roundup: Sucampo, SRA, Post, XM

*Shares of Bethesda-based Sucampo Pharmaceuticals jumped 18 percent today, to close at $14.32, after the company said it will receive a $50 million payment from partner Takeda Pharmaceutical now that the Food and Drug Administration expanded approved use of constipation drug Amitiza. The drug is now approved to treat irritable...

By Terri Rupar | April 30, 2008; 05:38 PM ET | Comments (0)

Roundup: GD, Lockheed, Allied Capital, CSC

From staff and wire reports *Poor management by the Defense Department and General Dynamics has led to billions of dollars in cost overruns and years of delays for a key Marine Corps tank program, a congressional panel said. The House Committee on Oversight and Government Reform found that major development...

By Terri Rupar | April 29, 2008; 07:01 PM ET | Comments (1)

Roundup: Orbital Sciences, XM, Freddie Mac

From staff and wire reports *Orbital Sciences, a satellite and rocket manufacturer in Dulles, said its board authorized the repurchase of up to $50 million of its common stock. The 12-month buyback replaces a previous $50 million program -- under which Orbital acquired $45.2 million of common stock -- that...

By Terri Rupar | April 25, 2008; 05:43 PM ET | Comments (0)

Roundup: Media General

From staff and wire reports *Two former executives at AOL and PurchasePro, a defunct Las Vegas software company, were cleared of civil fraud charges by a jury today. Regulators accused them of concoting sham financial transactions in 2001. Kent Wakeford, a former executive director at AOL's business affairs unit, and...

By Terri Rupar | April 24, 2008; 04:18 PM ET | Comments (0)

Earnings: Corporate Executive Board, LaSalle, W.R. Grace

*Corporate Executive Board of Arlington said first-quarter profit fell 18 percent, to $15.9 million (45 cents a share) from $19.4 million (50 cents). Revenue grew 10.8 percent, to $138 million. "We have confidence that we are on the right set of priorities to drive 2008 outcomes and longer-term growth, but...

By Terri Rupar | April 23, 2008; 05:32 PM ET | Comments (0)

Roundup: Circuit City, Fannie Mae,

From staff and wire reports *Wattles Capital Management, the activist hedge fund that wants to change Circuit City's management, said in a letter to the consumer electronics retailer that it should let Blockbuster examine its finances and start good-faith negotiations on a bid for Circuit City. Blockbuster went public last...

By Terri Rupar | April 23, 2008; 03:57 PM ET | Comments (0)

Roundup: ICF, Carlyle Group

From staff and wire reports *ICF International of Fairfax is partnering with Merrill Lynch to sell emissions credits and climate-change policy advice. ICF, which advises governments and companies on environmental policy, and Merrill will form Merrill Lynch Green & Gold to help companies in the Americas, Asia and Europe that...

By Terri Rupar | April 22, 2008; 03:57 PM ET | Comments (0)

Roundup: NVR and Allied Capital

News from staff and wire reports *NVR of Reston said first-quarter profit fell 49 percent, to $43.5 million from $84.8 million in the comparable period a year earlier. Revenue fell 19 percent, to $887.9 million. *Allied Capital found a buyer for 2.8 million of its shares at $17.87 per share,...

By Terri Rupar | April 18, 2008; 04:45 PM ET | Comments (0)

Roundup: Capital One, Marriott, Six Flags

From staff and wire reports *Marriott International of Bethesda said first-quarter profit sank 34 percent, to $121 million, as travelers cut back. Revenue gained almost 4 percent, to $2.95 billion, but revenue per available room in the United States grew just 2.3 percent. The key indicator in better times was...

By Terri Rupar | April 17, 2008; 06:16 PM ET | Comments (1)

Roundup: MaxJet, Circuit City, DuPont Fabros

*A federal bankruptcy court approved the sale of assets of MaxJet Airways of Dulles to a company called MaxJet Airways Acquisitions Group, which is owned and operated by NCA Sports. NCA, based in Bentonville, Ark., operates a charter service for university sports teams, according to its Web site. *Shares of...

By Terri Rupar | April 16, 2008; 05:03 PM ET | Comments (0)

Roundup: Sparrows Point, Media General, CapitalSource

*The Justice Department approved the sale of the Sparrows Point steel mill near Baltimore to Russia's OAO Severstal, which agreed to buy it from ArcelorMittal of Luxembourg for $810 million. ArcelorMittal had to sell the mill to settle antitrust concerns. (By Lucian Perkins - The Washington Post) *Another proxy adviser,...

By Terri Rupar | April 15, 2008; 04:49 PM ET | Comments (0)

Roundup: ICF and Gaylord

From wire reports: *Louisiana officials threatened to withhold $3 million from ICF International of Fairfax, which is managing the Road Home program for hurricane victims, unless possible errors and incomplete documentation problems are resolved. ICF has 14 days to fix problems in 607 aid cases or the state will keep...

By Terri Rupar | April 11, 2008; 04:23 PM ET | Comments (0)

Roundup: Saul Centers, Liquidity Services, Capital One

Some of today's news, from staff and wire reports: *Saul Centers of Bethesda said it bought three properties for a total of $60.6 million, including the assumption of a nearly $10.4 million mortgage loan. It bought the 89,000-square-foot Great Falls Center in Virginia, which includes a Safeway and a CVS,...

By Terri Rupar | April 10, 2008; 05:17 PM ET | Comments (0)

Roundup: REITs, Dominion and Freddie

*Shares of real estate investment trusts ended mostly lower yesterday, part of the markets' general fall. Host Hotels & Resorts of Bethesda was down 2.1 percent, to $16.86 But shares of apartment REITs took an even bigger hit on a report from a Lehman Brothers analyst who said the state...

By Terri Rupar | April 9, 2008; 03:58 PM ET | Comments (0)

Roundup: MedStar, Capital One, USEC

The afternoon roundup, from staff and wire reports: *MedStar Health of Columbia is teaming up with Rite Aid and Consumer Health Services to provide walk-in health clinics in some Rite Aid stores. Four stores in the Baltimore and Washington regions this summer will get the MedStar PromptCare clinics, which will...

By Terri Rupar | April 8, 2008; 05:03 PM ET | Comments (0)

Roundup: Circuit City, National Harbor

*Twenty people at Reagan National Airport last night reported feeling sick; they had just attended a conference at the Gaylord convention center in National Harbor in Prince George's, which opened this week. Officials don't see signs indicating that the illness is connected to anything related to the center's food or...

By Terri Rupar | April 4, 2008; 04:56 PM ET | Comments (0)

Roundup: Nabi, CACI, Freddie

*Nabi Biopharmacetuicals of Rockville said it settled a patent case against Roxane Laboratories related to its former product PhosLo Gelcaps. Terms are confidential. Nabi sued after Roxane applied to the Food and Drug Administration to market a generic version of the product, which by patients with kidney failure. *CACI International...

By Terri Rupar | April 3, 2008; 04:58 PM ET | Comments (0)

Roundup: Sallie, Circuit City, Federal Capital Partners

*Sallie Mae appointed a new director: Howard H. Newman, CEO of Pine Brook Road Partners, a private-equity firm. Newman was previously at Warburg Pincus. The Reston company named two new directors last week and said to expect more. *TechTeam Government Solutions of Chantilly, a unit of TechTeam Global, said it...

By Terri Rupar | April 2, 2008; 04:08 PM ET | Comments (1)

Roundup: USEC, Legg Mason, General Dynamics

News from the Washington area: *USEC of Bethesda said it bought a 74-acre site in Oak Ridge, Tenn., formerly owned by Boeing. USEC, which supplies enriched uranium, said the area includes a 200,000-square-foot building built to make and test centrifuge machines, so it saves time and money by not having...

By Terri Rupar | April 1, 2008; 04:32 PM ET | Comments (0)

 
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