- Unbeliebable: White House turns Bieber petition response into immigration screed
- Obama signs law denying Iran ambassador’s visa, but says law is ‘advisory’
- Mich. judge to laughing convicted killer: ‘I hope you die in prison’
- Man charged in Kansas City-area highway shootings
- Keystone XL pipeline still on hold after State Dept. decision
- Fla. man charged with killing 16-month-old son to play Xbox undisturbed
- Drones from the deep: Pentagon develops ocean-floor attack robots
- Michigan mayor slaps back atheists’ try to erect ‘reason station’ at city hall
- PHILLIPS: Where is the conservative establishment?
- 7.5-magnitude earthquake shakes southern Mexico
• Washington Post Co. reported a 13 percent drop in second-quarter earnings, as declining revenue from its flagship paper continued to outweigh gains in the company’s education units. Net income was $68.6 million ($7.19 per share), compared with $78.5 million ($8.17 per share) a year ago. Still, the results beat estimates and the shares rose 4 percent.
• Dynex Capital Inc. of Glen Allen, Va., said net income for the second quarter ended June 30 rose 183 percent to $1.7 million (14 cents) from $612,000 (5 cents) the previous year.
• Williams Scotsman International Inc., a Baltimore provider of temporary work spaces and mobile offices, said net income for the second quarter ended June 30 rose 26 percent to $14.6 million (33 cents) from $11.6 million (27 cents) a year ago.
• FTI Consulting Inc. of Baltimore said net income for the second quarter ended June 30 rose 83 percent to $23 million (53 cents) from $12.6 million (32 cents) the previous year.
• Lockheed Martin of Bethesda, the world’s largest defense company, won a $322 million Air Force contract for five C-130J cargo aircraft. The propeller-driven planes, which can operate from dirt airstrips, will be completed by December 2010, according to the Defense Department.
• The Canadian Department of National Defense awarded a $46.3 million contract to a local unit of Falls Church company General Dynamics to provide 33 armored troop carriers. General Dynamics Land Systems-Canada will modify 33 existing vehicles and add remote weapons capabilities.
• Time Warner Inc., the world’s largest media company, agreed to pay $6.5 million to Homestore Inc. investors led by the California State Teachers’ Retirement System to settle a lawsuit over transactions between its America Online unit and Homestore. Investors accused Homestore of reporting revenue from advertising sales to AOL and others that didn’t bring in any money.
• Constellation Energy Partners, the oil and gas producer spun out from Baltimore utility company Constellation Energy Group, agreed to buy properties in Oklahoma’s Cherokee Basin from Newfield Exploration Co. for $128 million. The transaction, Constellation’s third purchase of coalbed methane assets in the Cherokee Basin, includes proved reserves equivalent to 45 billion cubic feet of gas.
• A federal banking regulator proposed improving its ability to prohibit abusive practices in mortgage lending and credit cards rates. The Office of Thrift Supervision, which oversees about 830 savings and loan institutions nationwide, is proposing a crackdown on abusive lenders amid widespread turmoil in the housing market and criticism from lawmakers.
• U.S.bankruptcy filings were 38 percent higher last month than in July 2006, and are 50 percent higher for all of 2007 than they were a year ago, according to private research company Jupiter ESource. Almost 307,000 bankruptcies were filed in the first seven months of this year.
• Billionaire Warren Buffett’s holding company Berkshire Hathaway Inc. reported that net income for the second quarter ended June 30 jumped nearly 33 percent because of strong performance from its insurance division. Berkshire earned $3.1 billion ($2,018 per Class A share), versus $2.3 billion ($1,522 per share) a year ago.
• Weyerhaeuser Co., one of the world’s largest lumber and paper producers, said its profit for the second quarter ended June 30 dropped sharply due to hefty charges and weakness in housing, but its results beat estimates. Net income fell to $32 million (15 cents), compared with $298 million ($1.19) a year ago.
• Consumer-products maker Procter & Gamble Co., boosted by strong sales of new Gillette razors, said profit for its fourth quarter and the year ended June 30 rose 19 percent. The company behind the Tide, Crest and Pringles brands also confirmed its earnings guidance for the current fiscal year and said it would substantially increase its stock buyback.
Women losing coverage under Obamacare, too
- Scalia to students on high taxes: At a certain point, 'perhaps you should revolt'
- Former Ranger breaks silence on Pat Tillman death: I may have killed him
- Special Forces' suicide rates hit record levels casualties of 'hard combat'
- Feds approve powdered alcohol; 'Palcohol' available later this year
- EDITORIAL: Mark Warner running scared?
- Army goes to war with National Guard, seizes Apache attack helicopters
- U.S. Navy to turn seawater into jet fuel
- EDITORIAL: More Lerner smoking-gun emails at IRS
- Nancy Pelosi washes immigrants' feet in humble Holy Week act then promotes on Twitter
- Former Blue Angels commander relieved of duty for alleged misconduct
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