Business News

Federal regulators debunk rumors of short-selling ban

National Business News - 5 hours 1 min ago
Federal regulators this afternoon shot down rumors in the financial markets they were planning to ban short selling of stocks in which the government has a stake.

Categories: Business News

Gay marriages expected to create wedding-related jobs in D.C.

National Business News - 7 hours 44 min ago
Georgetown residents Christopher Cahill and Richard Marshall consider the $75,000 wedding that they're planning for June to be their own "personal stimulus package" for the District economy.

Categories: Business News

D.C. law firm Arent Fox names Mark M. Katz new chairman

National Business News - Tue, 2010-03-09 00:00
The Washington law firm Arent Fox said Monday that it has named longtime partner Mark M. Katz as its new chairman, a leadership change that comes as the legal sector copes with an economic downturn that has curtailed business and prompted layoffs.

Categories: Business News

Obama launches attack on health insurance companies

National Business News - Tue, 2010-03-09 00:00
The White House is mounting a stinging, sustained broadside against health insurance rate increases as President Obama and his aides enter what they hope will be the final stretch of a year-long political war over health-care reform.


Categories: Business News

Video Vault, cult movie rental favorite, to close in April

National Business News - Tue, 2010-03-09 00:00
Another video rental store might have been content to boast a "Horror" section, but Alexandria's Video Vault always catered to far more specialized tastes.

Categories: Business News

What is a credit default swap?

National Business News - Tue, 2010-03-09 00:00
That's part of what Greece's prime minister, George Papandreou, blames for his country's financial crisis. A credit default swap is a form of insurance on bonds that investors buy and sell. When it looks like a bond issuer might have trouble paying, its CDS prices soar because the bonds are more...

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National Business News - Tue, 2010-03-09 00:00
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Toyota demo counters claim of electronic acceleration glitch

National Business News - Tue, 2010-03-09 00:00
Embattled Japanese auto giant Toyota launched a broad counter-attack on Monday aimed at refuting research that suggests electronics may be at the heart of runaway acceleration problems that have led the automaker to recall more than 6 million vehicles.


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Analysis finds uneasy mix in auto industry and regulation

National Business News - Tue, 2010-03-09 00:00
Dozens of former federal officials are playing leading roles in helping carmakers handle federal investigations of auto defects, including those for Toyota's runaway-acceleration problems.

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Foreign Digest: Pakistan, Iran, China, Guantanamo, Dubai, Haiti

National Business News - Tue, 2010-03-09 00:00
Pakistan The Pakistani Taliban, an umbrella militant group that had been weakened in recent months, staged a forceful resurgence Monday with an attack that killed at least 12 in the heartland city of Lahore. As the workday began, a suicide bomber rammed his explosives-packed truck into an unmarked...

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Bankruptcy law doesn't restrict free speech, Supreme Court says

National Business News - Tue, 2010-03-09 00:00
A federal law that bars attorneys from telling clients who are contemplating bankruptcy to take on more debt is not an unconstitutional restriction on the free-speech rights of lawyers, the Supreme Court decided Monday.

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Obama nominates Robert A. Harding to lead TSA

National Business News - Tue, 2010-03-09 00:00
President Obama nominated retired Army Maj. Gen. Robert A. Harding on Monday to lead the Transportation Security Administration, selecting someone unknown to the aviation industry and federal unions to lead one of the government's most visible agencies.


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AIG sells Alico insurance company to MetLife

National Business News - Mon, 2010-03-08 14:17
American International Group on Monday announced the sale of one of its major global insurance units to MetLife for $15.5 billion, the latest step in the bailed-out insurance giant's quest to pay down its massive debt to U.S. taxpayers.

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A ski bum turns his love of the slopes into a living

National Business News - Mon, 2010-03-08 00:00
Chris Chapman owns an Anne Arundel County business that sounds deceptively simple. It brings him a comfortable six-figure income on more than $1 million in revenue, allows him to employ a handful of relatives and is built around a sport he loves.

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Disney allows Cablevision to resume showing WABC-7 as revenue negotiations continue

National Business News - Mon, 2010-03-08 00:00
ABC returned to the televisions of Cablevision's 3 million New York area subscribers late Sunday, allowing viewers to catch most of the Academy Awards. But the companies didn't say whether they had ended their tense and bitter impasse over how much the cable operator should pay Walt Disney Co., t...


Categories: Business News

With bank credit frozen, small U.S. businesses starting to turn to microlenders

National Business News - Mon, 2010-03-08 00:00
Ryan Fochler's life changed six years ago when he left his job in the computer industry to buy an Arlington County-based dog-walking business with $50,000 in personal savings and a home-equity line of credit. The firm grew quickly, with revenue more than doubling each year. By 2008, Fochler was r...

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Icelanders reject full repayment to British, Dutch caught in bank collapse

National Business News - Mon, 2010-03-08 00:00
LONDON -- Icelanders this weekend resoundingly rejected a plan to reimburse overseas depositors after the failure of an online Icelandic bank, a rare public referendum on the repayment of a foreign liability that could fuel further concerns over debt problems in Europe.

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Bankruptcy filings in Virginia, Maryland and the District

National Business News - Mon, 2010-03-08 00:00
These companies recently filed with the U.S. Bankruptcy Court's local clerk of court offices.


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Position : Group managing director at

National Business News - Mon, 2010-03-08 00:00
Position : Group managing director at RHI Executive Search, a D.C.-based company.

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