The Washington Business Hall of Fame will grow by five members with its annual induction ceremony Nov. 29. New members being honored for lifetime achievements are Raul J. Fernandez, chief executive, ObjectVideo; Frederic V. Malek, founder and chairman, Thayer Capital Partners; Herbert S. Miller, president, Western Development; Morgan E. O'Brien, founder, Nextel Communications; and John T. Schwieters, vice chairman, Perseus.
Black & Decker of Towson is under pressure from an investment group. Atlantic Investment Management increased its stake in the maker of power tools to 5 percent with $35 million in share purchases during the past month. It said in a filing with the Securities and Exchange Commission that it is in "active discussions" with Black & Decker about how to boost shareholder value.
Rockville Economic Development is holding a business conference for Asian Americans today from 8 a.m. to noon at Johns Hopkins University's Montgomery County campus. The agency's executive director, Sally Sternbach, said the conference was initiated because Rockville's population is "very heavily Asian. It's our largest minority group."
CoStar Group of Bethesda, which provides information services to the commercial real estate industry, has expanded into the North Carolina Triad, which is made up of Greensboro, Winston-Salem and High Point.
Science Applications International of San Diego, which has its federal government operations in McLean, has acquired assets of Imaps of Columbia, Ill., on terms that were not disclosed. Imaps provides geographic information systems to government and commercial customers.
Apptix of Herndon, which provides messaging and collaboration services, opened a development center in Pune, India.