The Pepco sale, explained

Welcome to CapBiz A.M., your morning primer on business news with a focus on Washington.

Electric shock: Pepco Holdings is being acquired by Chicago-based Exelon, one the largest nuclear energy companies in the country, for $6.8 billion. Here’s what the deal will mean for Pepco’s 2 million customers, as well as some hints we can take from another Exelon acquisition nearby. (WP/CAPBIZ)

A smaller acquisition: ManTech International, a Fairfax-based defense contractor, has agreed to acquire Columbia-based healthcare technology firm 7Delta, which last year won national recognition from the Small Business Administration. (OIT/OSB)

Capital expansion: Morris, Manning & Martin, a mid-sized law firm with roots in Atlanta and a growing presence in Washington, is launching a new real estate practice in D.C. – and it has tapped two industry veterans to take the helm. (CAPBIZ)

Group travel buoys Marriott: Marriott International’s profits jumped 26 percent during the first three months of the year, bolstered by a rebound in business and group travel, including a resurgence here in Washington. (CAPBIZ)

Streetcar musings: District officials have asked HDR Engineering to draw up a plan for extending streetcar service to National Harbor, soon to be home to a new casino. And that’s not the only route extension the city is exploring. (WBJ)

A step backwards: The United States economy stalled during the first three months of the year, according to government data released Wednesday, failing to meet even modest expectations for growth as business exports and investments slowed. (WP)

But wait: American businesses ramped up hiring in April, adding an impressive 220,000 jobs, a sign that the economy may improve its sluggish start to the year. Still, the nation needs more help from small businesses, which aren’t pulling their normal weight. (WP/OSB)

Fed forging ahead: The Federal Reserve announced Wednesday it will scale back its support for the U.S. economy by another $10 billion, reaffirming its confidence in the recovery despite stalled growth over the winter. (WP)

Wage hike stalls: Senate Republicans on Wednesday helped shoot down a bill that would gradually increase the federal minimum wage from $7.25 an hour to $10.10 an hour. Good luck figuring out how small businesses feel about that. (WP/OSB)

So, two bunnies? Energizer Holdings plans to split into two companies, both publicly traded, with one selling batteries and the other selling household brands that you may not have known were owned by the same company as the bunny. (USA)

On Wall Street

Stocks moved higher on Wednesday, with the Dow posting its first record close of the year. Apparently, the Federal Reserve’s decision to reduce its stimulus efforts was enough to offset the disheartening first-quarter economic readings. (Get the latest updates here)

What’s on tap today

Unemployment claims report (8:30 a.m.)

Federal Reserve Chair Janet Yellen speech (8:30 a.m.)

Consumer spending report (10 a.m.)

Federal contracting forum, Alexandria Small Business Development Center (9 a.m.)

DuPont business growth and marketing discussion (11 a.m.)

Committee for Economic Development Spring Policy Conference (2 p.m.)

Help: How to select the right business accounting software (SBC)

Follow: Exelon Corp. (Twitter)

Extra: Hoping to recruit young talent to Washington? Shouldn’t be a problem. (SJBJ)

J.D. Harrison covers startups, small business and entrepreneurship, with a focus on public policy, and he manages the Post's On Small Business blog.
SECTION: {section=business/capitalbusiness, subsection=null}!!!
INITIAL commentConfig: {includereply=true, canvas_permalink_id=washpost.com/8bvh5zpd9k, allow_comments=true, commentmaxlength=2000, includeshare=true, display_comments=true, canvas_permalink_app_instance=m6yzjj840m, display_more=true, moderationrequired=false, includefeaturenotification=true, canvas_allcomments_id=washpost.com/km4ey0dajm, comments_period=14, defaultsort=reverseChronological, includevoteofftopic=false, allow_videos=false, childrenitemsperpage=3, markerdisplay=post_commenter:Post Commenter|staff:Post Writer|top_commenter:Post Forum|top_local:Washingtologist|top_sports:SuperFan|fact_checker:Fact Checker|post_recommended:Post Recommended|world_watcher:World Watcher|cultuer_connoisseur:Culture Connoisseur|weather_watcher:Capital Weather Watcher|post_contributor:Post Contributor, includesorts=true, includeheader=true, defaulttab=all, includeverifiedcommenters=true, includerecommend=true, maxitemstop=2, includereport=true, source=washpost.com, allow_photos=false, maxitems=7, display_ugc_photos=false, includepause=true, canvas_allcomments_app_instance=6634zxcgfd, includepermalink=false}!!!

UGC FROM ARTICLE: !!!

FINAL commentConfig: {includereply=true, canvas_permalink_id=washpost.com/8bvh5zpd9k, allow_comments=true, commentmaxlength=2000, includeshare=true, display_comments=true, canvas_permalink_app_instance=m6yzjj840m, display_more=true, moderationrequired=false, includefeaturenotification=true, canvas_allcomments_id=washpost.com/km4ey0dajm, comments_period=14, defaultsort=reverseChronological, includevoteofftopic=false, allow_videos=false, childrenitemsperpage=3, markerdisplay=post_commenter:Post Commenter|staff:Post Writer|top_commenter:Post Forum|top_local:Washingtologist|top_sports:SuperFan|fact_checker:Fact Checker|post_recommended:Post Recommended|world_watcher:World Watcher|cultuer_connoisseur:Culture Connoisseur|weather_watcher:Capital Weather Watcher|post_contributor:Post Contributor, includesorts=true, includeheader=true, defaulttab=all, includeverifiedcommenters=true, includerecommend=true, maxitemstop=2, includereport=true, source=washpost.com, allow_photos=false, maxitems=7, display_ugc_photos=false, includepause=true, canvas_allcomments_app_instance=6634zxcgfd, includepermalink=false}!!
Comments
SECTION: {section=business/capitalbusiness, subsection=null}!!!
INITIAL commentConfig: {includereply=true, canvas_permalink_id=washpost.com/8bvh5zpd9k, allow_comments=true, commentmaxlength=2000, includeshare=true, display_comments=true, canvas_permalink_app_instance=m6yzjj840m, display_more=true, moderationrequired=false, includefeaturenotification=true, canvas_allcomments_id=washpost.com/km4ey0dajm, comments_period=14, defaultsort=reverseChronological, includevoteofftopic=false, allow_videos=false, childrenitemsperpage=3, markerdisplay=post_commenter:Post Commenter|staff:Post Writer|top_commenter:Post Forum|top_local:Washingtologist|top_sports:SuperFan|fact_checker:Fact Checker|post_recommended:Post Recommended|world_watcher:World Watcher|cultuer_connoisseur:Culture Connoisseur|weather_watcher:Capital Weather Watcher|post_contributor:Post Contributor, includesorts=true, includeheader=true, defaulttab=all, includeverifiedcommenters=true, includerecommend=true, maxitemstop=2, includereport=true, source=washpost.com, allow_photos=false, maxitems=7, display_ugc_photos=false, includepause=true, canvas_allcomments_app_instance=6634zxcgfd, includepermalink=false}!!!

UGC FROM ARTICLE: !!!

FINAL commentConfig: {includereply=true, canvas_permalink_id=washpost.com/8bvh5zpd9k, allow_comments=true, commentmaxlength=2000, includeshare=true, display_comments=true, canvas_permalink_app_instance=m6yzjj840m, display_more=true, moderationrequired=false, includefeaturenotification=true, canvas_allcomments_id=washpost.com/km4ey0dajm, comments_period=14, defaultsort=reverseChronological, includevoteofftopic=false, allow_videos=false, childrenitemsperpage=3, markerdisplay=post_commenter:Post Commenter|staff:Post Writer|top_commenter:Post Forum|top_local:Washingtologist|top_sports:SuperFan|fact_checker:Fact Checker|post_recommended:Post Recommended|world_watcher:World Watcher|cultuer_connoisseur:Culture Connoisseur|weather_watcher:Capital Weather Watcher|post_contributor:Post Contributor, includesorts=true, includeheader=true, defaulttab=all, includeverifiedcommenters=true, includerecommend=true, maxitemstop=2, includereport=true, source=washpost.com, allow_photos=false, maxitems=7, display_ugc_photos=false, includepause=true, canvas_allcomments_app_instance=6634zxcgfd, includepermalink=false}!!
Show Comments
Most Read
Next Story
J.D. Harrison · April 30