Charles Schwab, founder of the discount brokerage that carries his name, will lead honorees at the Lab School of Washington's 21st awards gala on Tuesday night at the Hilton Washington. The private school serves students with learning disabilities. Schwab has dyslexia.
Andrews Federal Credit Union, which was founded in 1948 to serve personnel at Andrews Air Force Base, is opening its first Washington branch in the Henson Ridge neighborhood of Ward 8. The credit union said its new office, opening Tuesday at 1556 Alabama Ave. SE, is available to anyone who lives, works, worships or attends school in the District.
Harman International Industries said Gina Harman, president of its consumer group, has been named to the company's board. Harman, 56, is the daughter of Sidney Harman, co-founder and executive chairman of the District-based manufacturer of audio equipment.
Fox Hill, a luxury development for senior citizens in Bethesda, is to have 240 condominiums, an outpatient rehabilitation center, fitness center and concierge staff. The complex, scheduled to open early in 2008, is financed as a joint venture by Sunrise Senior Living of Arlington and Germany's HSH Nordbank.
Essex Corp. of Columbia, a provider of signal processing for intelligence and defense agencies, said Leonard Moodispaw, its chief executive and president, also will become chairman. The company said H. Jeffrey Leonard resigned as chairman to concentrate on his main business, an investment management company that is a major Essex shareholder.
W.R. Grace of Columbia acquired Flexit Laboratories of Pune, India. Terms were not disclosed. Flexit makes chromotography products used in drug discovery and production.