Business
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Washington Business Report May 12, 2013
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Rebecca Cooper interviews Cris Bourelly, Elizabeth Thorp, Peter Morici and Margie Warrell.
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Retailers report modest gains for April
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Americans spent briskly during the early spring months in the latest sign that they're encouraged by the economic recovery.
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Maryland casino revenues $59M in April
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Maryland's three casinos pulled in approximately $59 million in April.
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LivingSocial posts $50 million loss for 2013 first quarter
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D.C.-based LivingSocial posted a $50 million net loss in the first quarter of 2013, according to The Washington Business Journal.
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Glen's Garden Market owner aims to carry on family legacy
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Danielle Vogel is a former environmental lawyer and Hill staffer who comes from a long line of grocers.
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Virginia opens Shanghai trade office
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Gov. Bob McDonnell announced the opening Tuesday of a trade office in Shanghai as he continues a trade and marketing mission to Asia. China purchased nearly $640 million in agricultural goods last year from Virginia.
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Blue crab population in Va., Md. drops, report says
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Scientists say the crab population in the Chesapeake Bay has plummeted from 765 million crabs last year to 300 million this year.
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Dish Network offers to buy Sprint in $25.5 billion deal
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Dish Network is offering to buy Sprint Nextel Corp. in a cash-and-stock deal it values at $25.5 billion.
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Maryland OKs bill for public-private partnerships
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The legislation creates a streamlined process for the private sector to take part in building public roads or buildings, so participants would have a better understanding of what to expect.
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Hostess sale of Wonder bread nears completion
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A person familiar with the situation says a bid by Flowers Foods to buy Wonder and several other bread brands from bankrupt Hostess was met with no competing offers. The individual requested anonymity because the auction process is private.
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American Airlines, US Airways considering merger
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If American Airlines and US Airways combine, they would create the largest airline in the world.
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UDC's future discussed at emergency meeting
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An emergency meeting is planned Thursday night regarding the future of the University of the District of Columbia.
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Georgetown Cupcake lien resolved
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The focus of the hit TLC reality show "DC Cupcakes," Georgetown Cupcake is typically known for its long lines and decadent treats. But this week, D.C.'s Tax Office filed a lien against the business.
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Washington Post may sell headquarters
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The Washington Post reports that Publisher Katharine Weymouth says the company's goal is to find "a more modern, bright, open and efficient building."
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Blackberry change: RIM changes name to BlackBerry, unveils 2 phones
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RIM initially said BlackBerry 10 would come by early 2012, but then the company changed that to late 2012. A few months later, that date was pushed further, to early 2013, missing the lucrative holiday season. The holdup helped wipe out more than $70 billion in shareholder wealth and 5,000 jobs.
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White Flint Mall: Independent stores facing difficulty
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For months, the White Flint Mall has been marked for demolition. Most of the big anchor stores are closed and now independent shops are feeling the impact.
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Surcharge fees: Businesses can add surcharge to make up for credit card fees
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Starting today, you may notice an extra surcharge on your purchases if you use your credit card. The new fee is to make up for what businesses pay in credit card fees.
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Hawk 'n' Dove re-opens under new management
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The beloved "Hawk 'n' Dove" bar on Pennsylvania Avenue SE has a new owner, a new look and a new menu.
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