Lockheed, Boeing to Resubmit Rocket Plan
Lockheed Martin of Bethesda and Boeing will resubmit a proposal to combine their rocket-launching businesses to the U.S. government to gain more time to review the transaction. The time limit for review of the proposal is about to expire, a Lockheed spokesman said.
NCRC to Help Fund Garage at NW Target
The National Capital Revitalization Corp. voted unanimously to help pay for a $47 million parking garage that will support the District's first Target store, which will be built on 14th Street NW in Columbia Heights and is expected to open in 2008. The decision allows the $140 million retail project, called DC USA, to move forward.
Rowe of McLean, which manufactures furniture and operates the Storehouse furniture chain, earned $123,000 (1 cent a share) in the third quarter ended Aug. 28, down from $490,000 (4 cents) in the comparable quarter a year earlier. Revenue rose 4.4 percent, to $79.5 million.
CarMax's profit jumped 39 percent, to $41.4 million, on pricing promotions. Sales for the quarter ended Aug. 31 grew 23 percent, to $1.63 billion. Shares rose $1.36, or 4.5 percent, to $31.35.
The used-car seller added that it has seen a slight benefit in September from people replacing cars lost in Hurricane Katrina but that it has not included any future benefit from such replacements in its guidance because of the difficulty of making an estimate.
Compiled from staff and news service reports.