Getting smaller is part of the plan for this law and lobby firm

August 25, 2014

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

Reshaping the practice: Dickstein Shapiro is going lean and refocusing its operations, part of a series of changes intended to help the 61-year-old Washington law and lobby firm thrive for years to come. (CAPBIZ)

Staying the course: Bank of Georgetown, with nine years under its belt and more than a billion dollars in assets, has yet to make a single acquisition. CEO Mike Fitzgerald says that’s fine by him. (CAPBIZ)

Forging ahead: As federal regulators move slowly on equity crowdfunding rules, some states are passing their own modest alternatives to get more funding flowing to entrepreneurs. (CAPBIZ)

Over the river? Opower, maker of energy-saving software for utility companies and darling of Arlington’s tech sector, may not have that second label for long. Despite its Northern Virginia roots, the company is mulling a move elsewhere. (CAPBIZ)

Strength in numbers: McLean-based US Fitness Holdings has purchased the popular Washington-area fitness center chain Sport & Health Clubs, nearly doubling the three-year-old firm’s foothold in the region. (CAPBIZ)

One giant step: Currently dependent on Russia for a ride, NASA is preparing to soon issue a multibillion-dollar contract for a spacecraft that will take American astronauts to the International Space Station. (WP)

Whopper of a deal: Burger King is reportedly in talks to buy Canadian coffee-and-doughnut chain Tim Horton’s in a so called “tax inversion” merger that would move the firm’s headquarters to Canada. (WSJ)

Not hearing it: Aereo’s seemingly last-ditch argument to save itself won’t be given an airing in court, according to the Second Circuit Court of Appeals. Instead, the shuttered streaming video service would have to take its argument elsewhere. (WP)

An energy boost: Dynegy Inc. has reportedly agreed to purchase more than $6.25 billion in plant acquisitions from Duke Energy Corp. and Energy Capital Partners, roughly doubling the bounce-back company’s power-generation capacity. (WSJ)

On Wall Street

Stocks closed slightly down on Friday after remarks by Federal Reserve Chair Janet Yellen left investors unsure on how the bank will proceed on interest rates. (Get the latest updates here)

What’s on tap today

Chicago Federal Reserve national activity index (8:30 a.m.)

New home sales report (10:00 a.m.)

Help: How to get the most out of working from home (ENT)

Follow: Dickstein Shapiro

Extra: Selling to teens is, like, so hard these days. (WP)

Thoughts? Have feedback, tips or events we should know about? E-mail us here.

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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