2015년 1월 7일 수요일

Small business owners turned members of Congress [CapBiz A.M.]

The Washington Post
CapBiz A.M.
Your first source for understanding business in greater Washington  •  Wed., Jan. 7, 2015
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Small business owners turned members of Congress
Welcome to CapBiz A.M., your morning primer on business news with a focus on Washington.

New position of power: Of the 74 new representatives sworn in to Congress on Tuesday, more than a dozen ran a small business or founded a start-up before moving into politics – including one from the Washington area. (OSB)

Big boost: The parent company of Alexandria-based conservative Website Independent Journal Review gets $1 million in fundingfrom Disruptor Capital. (CAPBIZ)
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Flying south: Most of the partners in the six-attorney bankruptcy group that split from D.C. law firm Wiley Rein late last year have landed at the South Carolina-based law firm Nelson Mullins Riley & Scarborough. (CAPBIZ)

Bethesda buy: Bethesda-based LiveHealthier, a maker of health management software for companies, unions and government agencies, has been acquired for an undisclosed sum by St. Louis-based Centene Corp. (CAPBIZ)

Redevelopment retry: During the first legislative meeting of the year, a D.C. councilman has introduced a proposal to re-establish the Pennsylvania Avenue Development Corp. andrevive America’s Boulevard. (WBJ)

Go for… wait: SpaceX called off a supply flight to the International Space Station on Tuesday because of rocket trouble, another delay in the delivery of groceries and nowlong-overdue Christmas presents. (AP)

Cutting cable? With a new offering from Dish Network, 2015 is shaping up to be the year when consumers have more reasons than ever to abandon the expensive cable bundles from companies like Comcast and Verizon. (WP)

Bit of trouble: One of the largest online bitcoin exchanges has temporarily suspended services after losing some 19,000 bitcoins ($5.1 million) in what the company said was a breach of its systems. (WSJ)

Luxury purchase: Coach, looking to add more designer goods to its lineup, agreed on Tuesday to buy Stuart Weitzman, a maker of mass market luxury shoes, for up to $574 million in cash. (NYT)

So it begins: The White House has threatened to veto the first piece of legislation introduced in the new Republican-controlled Senate, a bill approving the much-delayed Keystone XL oil pipeline. (AP)

On Wall Street
Stocks dove early but eventually regained most of their lost ground on Tuesday. (Get the latest updates here)

What’s on tap today
MBA Purchase Applications (7:00 a.m.)
ADP Employment Report (8:15 a.m.)
Gallup U.S. Job Creation Index (8:30 a.m.)
International Trade report (8:30 a.m.)
Live chat with Joyce Russell, the Career Coach (noon)
FOMC minutes (2:00 p.m.)

Help: How to turn positive press into sales (INC)

Follow: Wiley Rein

Extra: Why no one likes indoor malls anymore (WP)


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