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Capital Business Blog: July, 2012

Posted at 12:52 PM ET, 07/30/2012

GlaxoSmithKline ejects executives from recently acquired Human Genome Sciences

The removal of executives came after several members on HGS board of directors resigned and Glaxo replaced them with its own picks.

By Steven Overly  |  12:52 PM ET, 07/30/2012 |  Permalink  |  Comments ( 0)

Posted at 12:30 PM ET, 07/30/2012

MedStar to acquire Southern Maryland Hospital Center in Prince George’s County

Southern Maryland will be MedStart’s 10th hospital, joining the likes of Washington Hospital Center and Georgetown University Hospital, and its seventh in Maryland.

By Jonathan O'Connell  |  12:30 PM ET, 07/30/2012 |  Permalink  |  Comments ( 0)
Tags:  MedStar Health, Southern Maryland Hospital Center, health care, Prince George's County

Posted at 07:23 PM ET, 07/27/2012

Video: Proposed future of Union Station

VIDEO | If Amtrak’s $7 billion plan comes to fruition, this is what Washington’s rail hub could look like.

By Jonathan O'Connell  |  07:23 PM ET, 07/27/2012 |  Permalink  |  Comments ( 0)
Tags:  Union Station, Amtrak, high-speed rail, Akridge

Posted at 03:10 PM ET, 07/26/2012

Steptoe lawyer stars in Adidas commercial with RGIII

A patent litigator with a passion for acting is hawking Adidas sneakers with the new Redskins star.

By Catherine Ho  |  03:10 PM ET, 07/26/2012 |  Permalink  |  Comments ( 0)

Posted at 02:51 PM ET, 07/26/2012

Starplex cinema coming to Ashburn

The 11-screen theater is slated to open in 2014 and will be accessible via Metro’s Silver Line.

By Jonathan O'Connell  |  02:51 PM ET, 07/26/2012 |  Permalink  |  Comments ( 0)
Tags:  Starplex Cinemas, Ashburn, Loudoun County, Loudoun Station, movie theaters

Posted at 02:59 PM ET, 07/25/2012

Union Station tour bus relocation to Crummell School opposed by activists, neighbors

The relocation is inconvenient for neighbors in Ivy City and Trinidad who don’t want buses constantly running in front of their homes.

By Jonathan O'Connell  |  02:59 PM ET, 07/25/2012 |  Permalink  |  Comments ( 0)
Tags:  Union Station, Vincent C. Gray, Victor Hoskins, bus terminal, Ivy City

Posted at 10:20 AM ET, 07/25/2012

David Ball to resign as Union Station Redevelopment Corp. president, saying new leadership needed to guide overhaul plan

Ball will leave his post as president of Union Station Redevelopment Corp., the nonprofit organization that manages Union Station.

By Jonathan O'Connell  |  10:20 AM ET, 07/25/2012 |  Permalink  |  Comments ( 0)
Tags:  David Ball, Union Station, Amtrak, Union Station Redevelopment Corporation, Vincent C. Gray, Victor Hoskins, Eleanor Holmes Norton

Posted at 10:49 AM ET, 07/23/2012

GeoEye, DigitalGlobe combine in $900M deal

Longmont, Colo.-based DigitalGlobe appears to have the upper hand in the deal.

By Steven Overly  |  10:49 AM ET, 07/23/2012 |  Permalink  |  Comments ( 0)

Posted at 05:38 PM ET, 07/20/2012

K Street still stagnating: 10 largest firms see combined 5 percent drop in lobbying revenue

Seven of the 10 most profitable firms saw declines in lobbying fees in the first six months of 2012.

By Catherine Ho  |  05:38 PM ET, 07/20/2012 |  Permalink  |  Comments ( 0)

Posted at 02:35 PM ET, 07/19/2012

Burson-Marsteller taps former Clinton adviser Don Baer as new CEO

Baer, who was previously vice chairman and chief strategy officer in his four years at Burson-Marsteller, will continue to be based in Washington.

By Catherine Ho  |  02:35 PM ET, 07/19/2012 |  Permalink  |  Comments ( 0)

Posted at 11:25 AM ET, 07/18/2012

Capital One to pay $210M for deceptive credit card practices

Bank reached an agreement with regulators to resolve charges that it misled customers into purchases.

By Danielle Douglas  |  11:25 AM ET, 07/18/2012 |  Permalink  |  Comments ( 0)

Posted at 11:24 AM ET, 07/18/2012

SAIC to buy health IT firm

The McLean company said it has agreed to buy maxIT Healthcare Holdings for about $473 million.

By Marjorie Censer  |  11:24 AM ET, 07/18/2012 |  Permalink  |  Comments ( 0)

Posted at 10:29 AM ET, 07/18/2012

Acceleprise welcomes first class of enterprise tech firms

The program provides $30,000 to each company from a fund supplied primarily by East Coast investors.

By Steven Overly  |  10:29 AM ET, 07/18/2012 |  Permalink  |  Comments ( 0)

Posted at 06:35 PM ET, 07/17/2012

Montgomery court orders brokerage firm Molinaro Koger to pay $22.7M to Host Hotels

A Montgomery County Court judge has granted Host Hotels a judgment against its former real estate broker.

By Danielle Douglas  |  06:35 PM ET, 07/17/2012 |  Permalink  |  Comments ( 0)

Posted at 02:16 PM ET, 07/17/2012

Howrey creditors could get a cut of $44.5 million

Money comes from fees from case handled by former lawyers from the bankrupt firm.

By Catherine Ho  |  02:16 PM ET, 07/17/2012 |  Permalink  |  Comments ( 0)

Posted at 12:26 PM ET, 07/17/2012

Host Hotels buys Grand Hyatt Washington for $400M

Host Hotels & Resorts is tucking the 888-room property on H Street NW into its portfolio for $400 million.

By Danielle Douglas  |  12:26 PM ET, 07/17/2012 |  Permalink  |  Comments ( 0)

Posted at 11:13 AM ET, 07/16/2012

GlaxoSmithKline buys Human Genome Sciences for $3.6B

Glaxo has extended multiple buyout offers since April to both the HGS board and its shareholders.

By Steven Overly  |  11:13 AM ET, 07/16/2012 |  Permalink  |  Comments ( 0)

Posted at 04:42 PM ET, 07/12/2012

Lawyers and law firms remain among top contributors to Romney, Obama

In May, Mitt Romney outraised President Obama for the first time, $77 million to $60 million.

By Catherine Ho  |  04:42 PM ET, 07/12/2012 |  Permalink  |  Comments ( 0)

Posted at 05:56 PM ET, 07/10/2012

Lockheed cuts employees in mission systems and sensors unit

One D.C.-based unit has cut its workforce by 740 employees — 432 voluntarily and 308 involuntarily.

By Marjorie Censer  |  05:56 PM ET, 07/10/2012 |  Permalink  |  Comments ( 0)
Tags:  Lockheed Martin, government contracting, layoffs

Posted at 02:10 PM ET, 07/10/2012

D.C. Council approves LivingSocial tax break

The $32.5M tax break requires the company to stay in the District and hire city residents.

By Steven Overly  |  02:10 PM ET, 07/10/2012 |  Permalink  |  Comments ( 0)


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