Why a local school just bought a grocery store and a car dealership

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

School shopping: Georgetown Day School, one of the area’s exclusive private schools, has announced a massive campus expansion plan in which it will purchase the Tenleytown Safeway and a nearby Volvo/Volkswagen dealership. The purchases will allow the school to eventually consolidate its lower, middle and upper schools. (CAPBIZ)

Pro bono: A group of Northern Virginia technology contractors has offered to lend its expertise to help address the widespread scheduling problems facing patients seeking medical care at veterans hospitals. (CAPBIZ)

On the rise: A diverse assortment of start-ups has been selected to present at the Mid-Atlantic Venture Association’s next TechBuzz event, which are intended to showcase some of the area’s most promising young companies. (OSB)

Health problems: Health officials in D.C., Maryland and Virginia have a new headache to tend to after learning that as many as one in four people who bought plans through the new exchanges may have application discrepancies. (WBJ)

Slowing it down: Securities and Exchange Commission Chair Mary Jo White is working on new rules targeting high-speed traders – a move designed to promote fairness for investors, shine more light on the markets and bolster stability. (WP)

Cell deal: Sprint is edging closer to an acquisition of mobile communications rival T-Mobile. What’s this all about, and how does it affect people like you and me? Here are some answers. (WP)

No cover-up uncovered: An internal investigation into General Motors’ failure to recall millions of cars containing a deadly defect found a pattern of “incompetence and neglect” – but no conspiracy to hide the problem. (AP)

Price swings: Two new measures released this week suggest that the extreme price home price gains of the past two years are slowing down. But are they gone for good? (WP)

On Wall Street

Stocks edged higher again on Thursday, pushing the S&P 500 index to another record high. (Get the latest updates here)

What’s on tap today

Department of Labor’s U.S. employment report (8:30 a.m.)

Consumer credit report (3:00 p.m.)

Northern Virginia Technology Council’s forum of contracting for emerging companies (7:30 a.m.)

Bethesda Business Roundtable event (8:30 a.m.)

General Assembly Web-development info session at 1776 (7:00 p.m.)

Help: How your business can start accepting Bitcoin (FSB)

Follow: Northern Virginia Technology Council

Extra: What our reasons for moving say about the economy (WP)

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.
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