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Heading out: About a fourth of the employees at lobbying firm McBee Strategic have left or plan to leave now that founder Steve McBee has announced plans to depart. (CAPBIZ)
Streamlining: The Air Force has put forward a new program aimed at cutting costs, accelerating purchases and taking a data-based approach to cut through bureaucracy. (CAPBIZ)
Target’s tumble: Target has conceded that its venture into Canada was a failure, and that could spell serious trouble for the retail giant moving forward. (WP)
Slumping: Citigroup’s fourth-quarter profit dropped 86 percent after the company incurred large legal and restructuring charges, while revenue remained flat. (WP)
Paid leave: President Barack Obama launched a fresh push Thursday to bring paid sick and family leave to working parents and other private-sector employees. (AP)
New acquisition: Arlington services contractor PAE has acquired the Global Security and Solutions business unit of Falls Church-based US Investigations Services, the company announced Friday. Terms of the deal weren’t disclosed. USIS, the contractor that performs a bulk of federal background checks, suffered a hack earlier this year and lost two contracts with the Office of Personnel Management as a result. The unit that PAE has bought doesn’t perform background checks, but a majority of its 1,900 employees hold high-level security clearances. The deal is meant to strengthen PAE’s work with the Department of Homeland Security, the company said.
On Wall Street
Stocks slid back for a fifth straight day on Thursday as oil prices dropped further. (Get the latest updates here)
Consumer price index (8:30 a.m.)
Industrial production report (9:15 a.m.)
Consumer sentiment report (9:55 a.m.)
Streamlining: The Air Force has put forward a new program aimed at cutting costs, accelerating purchases and taking a data-based approach to cut through bureaucracy. (CAPBIZ)
Target’s tumble: Target has conceded that its venture into Canada was a failure, and that could spell serious trouble for the retail giant moving forward. (WP)
Slumping: Citigroup’s fourth-quarter profit dropped 86 percent after the company incurred large legal and restructuring charges, while revenue remained flat. (WP)
Paid leave: President Barack Obama launched a fresh push Thursday to bring paid sick and family leave to working parents and other private-sector employees. (AP)
New acquisition: Arlington services contractor PAE has acquired the Global Security and Solutions business unit of Falls Church-based US Investigations Services, the company announced Friday. Terms of the deal weren’t disclosed. USIS, the contractor that performs a bulk of federal background checks, suffered a hack earlier this year and lost two contracts with the Office of Personnel Management as a result. The unit that PAE has bought doesn’t perform background checks, but a majority of its 1,900 employees hold high-level security clearances. The deal is meant to strengthen PAE’s work with the Department of Homeland Security, the company said.
On Wall Street
Stocks slid back for a fifth straight day on Thursday as oil prices dropped further. (Get the latest updates here)
What’s on tap today
Consumer price index (8:30 a.m.)
Industrial production report (9:15 a.m.)
Consumer sentiment report (9:55 a.m.)
Help: What you can learn about success from this year’s Oscar nominees (ENT)
Extra: Could this be the beginning of the end for the Common Core? (WP)
Thoughts? Have feedback, tips or events we should know about? Email us here.
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