Capital Business Blog - Fresh takes on the region's entrepreneurs and companies.

Posted at 11:46 AM ET, 01/30/2013

LivingSocial posts net loss of $650M for 2012

By Steven Overly

The loss was driven in part by the declining value of several overseas companies it bought in a quest for global expansion.

By Steven Overly | 11:46 AM ET, 01/30/2013 | Permalink | Comments ( 0)

Posted at 11:29 AM ET, 01/30/2013

United Bankshares to buy Virginia Commerce for $490.6M

By Abha Bhattarai

The acquisition would create the eighth largest bank in the Washington metropolitan area.

By Abha Bhattarai | 11:29 AM ET, 01/30/2013 | Permalink | Comments ( 0)

Posted at 04:55 PM ET, 01/25/2013

Nordstrom Rack coming to 18th and L Streets NW

By Abha Bhattarai

The retailer plans to take over the former Borders site in downtown Washington.

By Abha Bhattarai | 04:55 PM ET, 01/25/2013 | Permalink | Comments ( 0)

Posted at 01:54 PM ET, 01/25/2013

Lawrence B. Prior III, longtime contracting veteran, leaving BAE Systems

By Marjorie Censer

Linda Hudson, president and chief executive of the U.S. business, will take over his responsibilities.

By Marjorie Censer | 01:54 PM ET, 01/25/2013 | Permalink | Comments ( 0)

Posted at 05:40 PM ET, 01/24/2013

Only one developer shows interest in Hill East project

By Jonathan O'Connell

Few developer searches in the District — currently one of the county’s hottest apartment markets — return such a slim response.

By Jonathan O'Connell | 05:40 PM ET, 01/24/2013 | Permalink | Comments ( 0)
Tags: Hill East, Vincent C. Gray, Donatelli Development, commercial real estate

Posted at 01:37 PM ET, 01/24/2013

WilmerHale sued by former Washington attorney alleging discrimination over age, gender and family responsibilities

By Catherine Ho

A former attorney is accusing firm leaders of illegally firing her while she was on maternity leave to care for her newly adopted daughter.

By Catherine Ho | 01:37 PM ET, 01/24/2013 | Permalink | Comments ( 0)

Posted at 08:43 AM ET, 01/24/2013

Lockheed Martin makes leadership changes

By Marjorie Censer

The contracting giant said Thursday two of its top officials, Linda Gooden and Joanne Maguire, will retire.

By Marjorie Censer | 08:43 AM ET, 01/24/2013 | Permalink | Comments ( 0)

Posted at 05:38 PM ET, 01/23/2013

In two hours, crowdfunding effort draws $308,000 of interest in 7th Street building

By Jonathan O'Connell

130 people logged in to the company’s Web site expressing interest in buying stakes in a two-story building east of Logan Circle.

By Jonathan O'Connell | 05:38 PM ET, 01/23/2013 | Permalink | Comments ( 0)
Tags: Fundrise, crowdfunding, Herb Miller, commercial real estate

Posted at 03:05 PM ET, 01/23/2013

K Street stumbles for the second straight year

By Catherine Ho

Seven of the top 10 lobbying firms saw revenue decline from 5 percent to 30 percent compared with 2011

By Catherine Ho | 03:05 PM ET, 01/23/2013 | Permalink | Comments ( 0)

Posted at 10:34 AM ET, 01/23/2013

General Dynamics posts $2.1 billion quarterly loss, citing challenges in technology group

By Marjorie Censer

The company said the quarterly earnings loss is largely attributed to challenges in its technology group.

By Marjorie Censer | 10:34 AM ET, 01/23/2013 | Permalink | Comments ( 0)

Posted at 03:58 PM ET, 01/16/2013

Peter Greenleaf steps down as MedImmune president, Bahija Jallal chosen as replacement

By Steven Overly

A leadership change is underway at the Gaithersburg biotech firm.

By Steven Overly | 03:58 PM ET, 01/16/2013 | Permalink | Comments ( 0)

Posted at 12:34 PM ET, 01/16/2013

Rep. Lou Barletta to oversee General Services Administration as subcommittee chairman

By Jonathan O'Connell

Pennsylvania Republican Lou Barletta to take gavel for House subcommittee.

By Jonathan O'Connell | 12:34 PM ET, 01/16/2013 | Permalink | Comments ( 0)
Tags: General Services Administration, commercial real estate

Posted at 11:38 AM ET, 01/16/2013

Magruder’s Supermarkets in talks to sell chain

By Jonathan O'Connell

Magruder’s Supermarkets announced that it had sold its store on Connecticut Avenue and is in negotiations to sell its four other remaining stores.

By Jonathan O'Connell | 11:38 AM ET, 01/16/2013 | Permalink | Comments ( 0)
Tags: Magruder's Supermarkets, retail, commercial real estate

Posted at 05:59 PM ET, 01/15/2013

Adventist HealthCare is negotiating a deal to sell 40 acres in Clarksburg

By Jonathan O'Connell

It once envisioned the land would be used for a hospital and medical campus.

By Jonathan O'Connell | 05:59 PM ET, 01/15/2013 | Permalink | Comments ( 0)
Tags: Adventist HealthCare, Simon Property Group, Peterson Cos., commercial real estate

Posted at 02:00 PM ET, 01/15/2013

Empty shelves at some Magruder’s Supermarkets prompt questions

By Jonathan O'Connell

“There’s been rumors for a gazillion years on us closing. We’ve got absolutely no plans to close any of the stores,” a company official said.

By Jonathan O'Connell | 02:00 PM ET, 01/15/2013 | Permalink | Comments ( 0)

Posted at 08:31 AM ET, 01/15/2013

Squire Sanders snags Akin Gump’s top antitrust lawyer in effort to beef up global regulatory prowess

By Catherine Ho

The move to bring in antitrust specialists is part of Squire Sanders’ broader efforts to strengthen its regulatory practices worldwide.

By Catherine Ho | 08:31 AM ET, 01/15/2013 | Permalink | Comments ( 0)

Posted at 06:08 PM ET, 01/14/2013

Virginia officials consider their best sites for the FBI

By Jonathan O'Connell

Sites near Quantico, Potomac Shores and Dulles airport are among those being discussed.

By Jonathan O'Connell | 06:08 PM ET, 01/14/2013 | Permalink | Comments ( 0)
Tags: FBI, GSA, commercial real estate, Mark Warner, Tim Kaine

Posted at 01:56 PM ET, 01/14/2013

Virginia Commerce Bank is exploring possible sale

By Abha Bhattarai

The move comes one month after it paid back Troubled Asset Relief Program funds to the Treasury Department.

By Abha Bhattarai | 01:56 PM ET, 01/14/2013 | Permalink | Comments ( 0)

Posted at 02:04 PM ET, 01/10/2013

World Bank sanctions Arinc

By Marjorie Censer

The World Bank said it has debarred the communications and engineering firm for 33 months for violating the bank’s procurement guidelines.

By Marjorie Censer | 02:04 PM ET, 01/10/2013 | Permalink | Comments ( 0)

Posted at 01:59 PM ET, 01/10/2013

World Bank sanctions Arinc

By Marjorie Censer

The World Bank said it has debarred the communications and engineering firm for 33 months for violating the bank’s procurement guidelines.

By Marjorie Censer | 01:59 PM ET, 01/10/2013 | Permalink | Comments ( 0)

Posted at 12:36 PM ET, 01/10/2013

Is downtown D.C. getting an Apple store?

By Jonathan O'Connell

Keen observers of the construction at CityCenterDC have taken note of the large, prominent retail space on the north face of one building.

By Jonathan O'Connell | 12:36 PM ET, 01/10/2013 | Permalink | Comments ( 0)
Tags: Apple, CityCenterDC, retail, Hines

Posted at 05:56 PM ET, 01/09/2013

Old Ebbitt to hand out Associated Press stories on customer receipts

By Jonathan O'Connell

Old Ebbitt Grill to pass along stories from the Associated Press to its customers

By Jonathan O'Connell | 05:56 PM ET, 01/09/2013 | Permalink | Comments ( 0)
Tags: Old Ebbitt Grill, Associated Press, media, advertising, restaurants

Posted at 03:40 PM ET, 01/08/2013

Kavaliro buys 58-employee Salient unit

By Marjorie Censer

Orlando-based Kavaliro is the new owner of staffing business that has Fannie Mae as main client.

By Marjorie Censer | 03:40 PM ET, 01/08/2013 | Permalink | Comments ( 0)

Posted at 12:46 PM ET, 01/08/2013

LivingSocial adds Barry Judge as chief marketing officer

By Steven Overly

The former head of marketing at Best Buy joins the District daily deal firm.

By Steven Overly | 12:46 PM ET, 01/08/2013 | Permalink | Comments ( 0)

Posted at 12:15 PM ET, 01/08/2013

Lockheed reorganizes, trims corporate office

By Marjorie Censer

The defense company anticipates that about 50 corporate staff jobs will be trimmed.

By Marjorie Censer | 12:15 PM ET, 01/08/2013 | Permalink | Comments ( 0)

Posted at 12:37 PM ET, 01/02/2013

Zipcar acquisition will bring windfall for investor Steve Case

By Steven Overly

Case holds a 20 percent stake in the car sharing company.

By Steven Overly | 12:37 PM ET, 01/02/2013 | Permalink | Comments ( 0)

Capital Business Blog: January, 2013