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Capital Business Blog: April, 2012

Posted at 07:26 PM ET, 04/27/2012

Regulators turn HarVest Bank’s deposits over to Sonabank

Regulators on Friday seized HarVest Bank of Maryland and turned over its deposits to McLean-based Sonabank.

By Danielle Douglas  |  07:26 PM ET, 04/27/2012 |  Permalink  |  Comments ( 0)

Posted at 02:21 PM ET, 04/26/2012

FTC puts conditions on CoStar’s LoopNet buy

CoStar must sell a business unit in order to complete its planned $860M acquisition of LoopNet.

By Jonathan O'Connell  |  02:21 PM ET, 04/26/2012 |  Permalink  |  Comments ( 0)
Tags:  CoStar, LoopNet, Federal Trade Commission

Posted at 09:04 AM ET, 04/26/2012

Lockheed Martin’s Stevens to retire as CEO

The Bethesda contractor says CEO Robert J. Stevens will be replaced in 2013 by president Chris Kubasik.

By Marjorie Censer  |  09:04 AM ET, 04/26/2012 |  Permalink  |  Comments ( 0)

Posted at 04:57 PM ET, 04/24/2012

HGS posts increased Q1 revenue as lupus drug sales rise

The Rockville company narrowed its losses as sales of its flagship lupus drug continue to climb.

By Steven Overly  |  04:57 PM ET, 04/24/2012 |  Permalink  |  Comments ( 0)

Posted at 01:48 PM ET, 04/24/2012

Anacostia land listed for auction

The ten-acre plot on Howard Road Southeast is being auctioned in Washington on May 1.

By Jonathan O'Connell  |  01:48 PM ET, 04/24/2012 |  Permalink  |  Comments ( 0)
Tags:  Anacostia, St. Elizabeths

Posted at 05:01 PM ET, 04/20/2012

Top 10 lobbying firms post mixed results in first quarter

First quarter lobbying revenues are in, and four of K Street’s 10 largest shops posted modest growth.

By Catherine Ho  |  05:01 PM ET, 04/20/2012 |  Permalink  |  Comments ( 0)

Posted at 11:01 AM ET, 04/20/2012

H&M taking two floors at Chevy Chase Pavilion

The Swedish fast-fashion chain plans to occupy 21,704 square feet formerly held by Pottery Barn.

By Danielle Douglas  |  11:01 AM ET, 04/20/2012 |  Permalink  |  Comments ( 0)

Posted at 07:15 AM ET, 04/19/2012

Human Genome Sciences receives buyout offer from GlaxoSmithKline

The company rejected a $2.59B buyout offer from GlaxoSmithKline, but said it will explore other options.

By Steven M. Overly  |  07:15 AM ET, 04/19/2012 |  Permalink  |  Comments ( 0)

Posted at 05:36 PM ET, 04/16/2012

Video: A look at the redevelopment of Union Market

Edens is overhauling a portion of the wholesale market at 1309 5th St. NE to a culinary destination.

By Jonathan O'Connell  |  05:36 PM ET, 04/16/2012 |  Permalink  |  Comments ( 0)
Tags:  Edens, Union Market, commercial real estate

Posted at 11:09 AM ET, 04/12/2012

LivingSocial gobbles up more D.C. office space—again

The company recently moved into its sixth office in the District after renovating the Acme Stove building.

By Jonathan O’Connell  |  11:09 AM ET, 04/12/2012 |  Permalink  |  Comments ( 0)
Tags:  LivingSocial, Shaw, Douglas Development, Vincent Gray

Posted at 02:38 PM ET, 04/10/2012

Maryland lawmakers approve bill barring employers from collecting Facebook passwords

Legislature says employers cannot require workers to hand over passwords to private accounts.

By Catherine Ho  |  02:38 PM ET, 04/10/2012 |  Permalink  |  Comments ( 0)

Posted at 05:22 PM ET, 04/09/2012

Rosetta Stone lawsuit against Google gets green light to proceed

The Arlington company’s trademark infringement lawsuit got the go-ahead to move forward Monday.

By Catherine Ho  |  05:22 PM ET, 04/09/2012 |  Permalink  |  Comments ( 0)

Posted at 03:00 PM ET, 04/05/2012

J. Crew, indoor cycling studio coming to Penn Quarter

The clothing chain has signed a lease to open a 8,625-square-foot store at 950 F Street NW.

By Jonathan O'Connell  |  03:00 PM ET, 04/05/2012 |  Permalink  |  Comments ( 0)
Tags:  J. Crew, Douglas Development

Posted at 12:05 PM ET, 04/04/2012

Enterprise tech accelerator to launch in District

Called Acceleprise, the program will provide $30,000 and four months of mentorship to firms that sell technology to large organizations.

By Steven Overly  |  12:05 PM ET, 04/04/2012 |  Permalink  |  Comments ( 0)

Posted at 04:59 PM ET, 04/02/2012

Peck out at GSA; Tangherlini steps in

The irony of Bob Peck’s ouster from the GSA over lavish spending is that he spent much of his recent stint there trying to save money.

By Jonathan O'Connell  |  04:59 PM ET, 04/02/2012 |  Permalink  |  Comments ( 0)
Tags:  Bob Peck, GSA

Posted at 12:48 PM ET, 04/02/2012

RLJ to acquire Silver Spring and California movie companies

RLJ Entertainment, a new company based in Los Angeles, will offer an extensive library of movies.

By Danielle Douglas  |  12:48 PM ET, 04/02/2012 |  Permalink  |  Comments ( 0)


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