Why investors are losing interest in Washington

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

Looking elsewhere: A few years back, the Washington-area real estate market was the darling of global real estate investors. Now, our nation’s capital isn’t even close to the top of that list. Here’s why. (CAPBIZ)

Leaving the top: Ralph Shrader, the longtime chief executive of government contractor Booz Allen Hamilton, is stepping down after 40 years with the company, the firm announced Monday. (CAPBIZ)

New at the top: McLean-based defense giant DynCorp has announced a new chief executive, turning to a 20-year veteran of the aerospace and defense industry to take the reins. (CAPBIZ)

Data developers: Montgomery County economic development leaders want to attract more data centers to the area, and they’re willing to lay down $12 million over the next 12 years to do it. (CAPBIZ)

Drug deal: Generic drugmaker Mylan Inc is buying Abbott Laboratories’ branded specialty and generics business in developed markets outside the United States for $5.3 billion. (REU)

Chocolate haul: Swiss chocolate maker Lindt & Spruengli plans to acquire U.S. manufacturer Russell Stover Candies in a deal that will make it the continent’s third-largest chocolate supplier. (AP)

Flying fine: National travel center company Pilot Flying J has has agreed to pay a $92 million fine to the federal government to avoid prosecution on fraud charges related to a fuel rebate offer. (USA)

SHOP flop: There’s apparently no way to know how many businesses have purchased plans through the health care law’s new insurance exchanges. By all indications, though, it’s not very many. (OSB)

Targeting students: State and federal regulators are fighting back against what appears to be a growing number of debt settlement companies using fraudulent schemes to target graduates with student debt. (NYT)

On Wall Street

Stocks pushed higher to start the week thanks to some better-than-expected earnings reports (Get the latest updates here)

What’s on tap today

Retail sales report (8:30 a.m.)

Import and Export Prices report (8:30 a.m.)

Janet Yellen testifies to the Senate Banking Committee (10:00 a.m.)

Microsoft Worldwide Partner Conference (8:00 a.m)

Arlington County Chamber of Commerce’s Nonprofit Forum event (11:30 a.m.)

Help: How to keep sales up during the slow months (YEC)

Follow: Booz Allen Hamilton

Extra: You were just thinking, “I wish airplane seats were a little less comfy,” weren’t you? (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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J.D. Harrison | July 14