Welcome to CapBiz A.M., your morning primer on business news with a focus on Washington.
Peering down the road: The advent of Google Glass and similar gadgets has prompted several Washington area companies to experiment with the spectacles, hoping to determine whether their business can be buoyed should the technology become popular. In the process, a debate has emerged over whether smart glasses will first gain a foothold in your office or at your home. (CAPBIZ)
Quarry quarrel: John Gudelsky, one of the owners of Chantilly Crushed Stone, wants to transform one of the company’s aging rock quarries into mini-city with 4 million square feet of commercial space and new homes. But that plan doesn’t fit the country’s vision for the area. (CAPBIZ)
Steady variation: Most of Washington’s largest law firms reported relatively flat revenue last year, growing or shrinking by the slimmest of margins. However, there was plenty of variation in their profit changes, with one reporting profits up 12 percent while another was down 15 percent. (CAPBIZ)
Orbital’s ascent: What started 32 years ago as a scrappy space start-up founded by three Harvard Business School friends has turned into a conventional aerospace company. And with its merger announced last week, Orbital Sciences is seemingly just taking off. (CAPBIZ)
Booze ally: Marc Sorini got his first taste of life as an alcohol lawyer two decades ago, defending the winery that produces Trader Joe’s renowned two-dollar wine. He has since made a career out of going to bat for some of the country’s most popular beer and wine makers. (CAPBIZ)
New towels, via smartphone: The Marriott Marquis Washington, which opened last week, boasts some nifty new amenities, like an app for requesting fresh towels or a late check-out. What’s even more interesting, though, is the one normally standard offering that the hotel decided to kill. (CAPBIZ)
Moving over the river: Andy Shallal, the owner of Busboys and Poets and past candidate for D.C. mayor, is apparently planning to open his next restaurant in a former furniture store in Anacostia. And this one comes with an added educational spin. (CAPBIZ)
Up for grabs: Several noteworthy federal contracts are up for competition this summer. The multiple-award and government-wide contracts should provide ample competition for both large and small businesses in the region. (WP)
Rate predictions: Dallas Federal Reserve Bank President Richard Fisher said Sunday he expects the central bank to wait until at least October before concluding its bond-buying program. Only after that, he said, will it consider raising interest rates. (BR)
On Wall Street
Stocks finished higher last week, aided by a strong jobs report on Friday. Investors will turn their attention this week to the latest retail sales numbers, housing data and industrial production indices, as well as comments from Fed Chair Janet Yellen.
(Get the latest updates here)
What’s on tap today
Gallup Consumer Spending measure (8:30 a.m.)
Institute for Supply Management non-manufacturing index (10 a.m.)
Global Big Data Conference event for Washington executives (8:00 a.m.)
Greater Washington Board of Trade hosts Arianna Huffington (11:30 a.m.)
Big Data Week Meetup at 1776 (6:30 p.m.)
Appointments: Meet some of the region’s latest movers and shakers.
Help: How to mend strained relationships with coworkers (B2C)
Follow: Andy Shallal, owner of Busboys and Poets
Extra: Scored an invite to one of the region’s glamorous galas? Here’s how to prepare. (CAPBIZ)