30-Minute Rule for National to Be Lifted Today
Passengers using Reagan National Airport will no longer have to remain in their seats in the first and last 30 minutes of their flight as of 6 p.m. today, the Transportation Security Administration said.
The decision to end the three-year-old rule was announced Wednesday by Homeland Security Secretary Michael Chertoff, who said the requirement was no longer necessary because of the existence of other security measures, such as hardened cockpit doors. The rule was widely unpopular because it limited the amount of time passengers could visit the restroom while in flight.
JER Investors Trust Shares Gain in Debut
Shares of JER Investors Trust, a McLean finance company that specializes in real estate debt securities and loans, closed at $18.30 in their first day of trading, up 3.1 percent from the offering price of $17.75. The company, formed by prominent Washington area investor Joseph E. Robert Jr., right, trades on the New York Stock Exchange under the ticker symbol JRT. The company said it expects gross proceeds of $213 million from the offering, which was led by Arlington-based Friedman, Billings, Ramsey and Banc of America Securities.
Anteon Awarded Air Force Contract
Anteon, a Fairfax-based government systems integrator, won a six-year contract worth up to $99.7 million to provide technical operations program support to the U.S. Air Force Research Laboratory at Wright Patterson Air Force Base in Ohio.
Carlyle Names 3 to Venture Capital Unit
Carlyle Group, the District-based private equity firm with $30 billion under management, added three people, including a former Dell executive, to its 22-strong U.S. venture and growth-capital team.
The firm hired Stephen W. Bailey from Dell, the world's largest maker of personal computers, to be a managing director, Carlyle said in a statement. Charles C. Moore will join the firm from private equity firm Perseus, and David Lam will move from Panasas, a computer network developer Carlyle owns, Carlyle said.
Compiled from staff and news service reports.