The Washington Post

D.C. smartwatch maker off and running

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

Out on their own: Georgetown-based Modus Health, which last month spun out of a larger prosthetic device company, is off to a fast start in the emerging wearable technology market with its new StepWatch. (CAPBIZ)

Room service: McLean-based Hilton Worldwide will soon roll out a smartphone app allowing you to select your room, check in or out, and even open the door to your room. (CAPBIZ)

Price check: The Department of Justice has joined a whistleblower lawsuit alleging that software giant Symantec overcharged the federal government and some states by tens of millions of dollars. (WP)

Now obsolete? Like many parts of the federal government, the National Technical Information Service is struggling to figure out how to exist in this new digital era. Some lawmakers say that’s a losing effort for the government research clearinghouse. (WP)

The hunt begins: The General Services Administration has launched its search for the Justice Department’s next home, seeking for up to 839,000 square feet of space in the District. (WBJ)

Hang up: Maryland business owners are being targeted by scammers posing as Baltimore Gas and Electric officials. Callers are reportedly demanding immediate payments via prepaid credit cards. (WBAL)

Stuck in gridlock: Six months ago, President Obama outlined his economic agenda for the year during his sixth State of the Union. Here’s a look at just how far we have(n’t) come since then. (OSB)

Clearer skies for some: After years of financial turbulence, some of the country’s largest airlines are now making more money than ever. Don’t expect that to translate into lower prices for you, though. (CAPBIZ)

Cloudy skies for others: Southwest Airlines is facing a $12 million fine resulting from improper aircraft repairs, the second largest penalty ever proposed by the Federal Aviation Administration. (CT)

Dollar buy: In a surprising move, Dollar Tree has announced plans to acquire Family Dollar in an $8.5 billion cash-and-stock deal, creating a company with 13,000 stores. (WP)

On Wall Street

Stocks dipped on Monday after investors received some bad news about American shoppers. (Get the latest updates here)

What’s on tap today

S&P Case-Schiller Home Price Index (9:00 a.m.)

Consumer confidence report (10:00 a.m.)

General Assembly Digital Marketing information session (7:30 p.m.)

Help: Seven taboos of business pitching (ENT)

Follow: WearablesWatch

Extra: Why online home buying may start to feel like online dating. (WP)

J.D. Harrison covers startups, small business and entrepreneurship, with a focus on public policy, and he runs the On Small Business blog.



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J.D. Harrison · July 28, 2014