APPOINTMENTS

APPOINTMENTS

Moussaoui Prosecutor Joins Lockheed

The prosecutor who obtained the federal government's only conviction in the Sept. 11, 2001, attacks has left the U.S. attorney's office for the private sector. Rob Spencer, 44, who for more than four years led the government's case against Zacarias Moussaoui, began work last week as vice president and associate counsel for litigation and compliance at Lockheed Martin in Bethesda.

The job reunites him with former deputy U.S. attorney general Jim Comey; both were prosecutors in the Eastern District of Virginia. Comey is now Lockheed's general counsel.

Moussaoui was indicted in December 2001 and pleaded guilty last year to terrorism conspiracy charges. In a sentencing trial this year, a jury found him directly responsible for deaths that occurred Sept. 11 but declined to give him the death penalty.

EARNINGS

Host Hotels & Resorts of Bethesda, owner of hotels including Marriotts, Hyatts and Westins, said second-quarter funds from operations, a common performance measure for real estate investment trusts, rose to 67 cents a share from 39 cents in the comparable period a year earlier. Earnings more than tripled, as increased demand for rooms led to higher rates. Profit for the period ended June 16 climbed to $330 million (62 cents a share) from $91 million (22 cents). Revenue rose 27 percent, to $1.21 billion. Host's shares rose 14 cents, to $22.61.

LaSalle Hotel Properties of Bethesda, which owns 29 upscale hotels, reported funds from operations of $37.9 million (94 cents) in the second quarter, up from $20.8 million (68 cents). The company earned $24.7 million (46 cents), up from $13.4 million (34 cents). Revenue increased 75 percent, to $175.1 million.

Washington Real Estate Investment Trust of Rockville, which owns commercial properties, said funds from operations were $20.7 million (48 cents a share) in the second quarter, down from $21.5 million (51 cents), in part due to severance costs for a senior executive in the recent period. Profit was $7.7 million (18 cents), down from $10.9 million (26 cents). Revenue increased 14 percent, to $52.9 million.

Cardinal Financial of McLean, parent of Cardinal Bank, earned $2.4 million (10 cents a share) in the second quarter, up from $2.3 million (11 cents). Assets grew to $1.58 billion, from $1.47 billion.

Millennium Bankshares of Reston, parent of Millennium Bank, earned $834,000 (9 cents) in the second quarter, up from $446,000 (5 cents). Assets grew to $448.4 million, from $425.5 million a year earlier.

Compiled from reports by Washington Post staff writers, the Associated Press and Bloomberg News.