McLean News

In its biggest buyout since credit markets collapsed last summer, the private-equity firm Carlyle Group agreed to acquire Booz Allen Hamilton Inc.'s U.S. government-consulting business for $2.54 billion. via Chicago Tribune

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“In our culture it is looked down on to be a ... spy”

The U.S. is its own worst enemy when it comes to the desperately important task of recruiting immigrants as spies, analysts and translators in the war on terror, new Americans are telling intelligence ... via Lubbock Avalanche

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Fannie Mae , the largest U.S. mortgage- finance provider, will stop requiring bigger down payments in regions where home prices are dropping, responding to criticism from consumer and industry groups who said ... via Bloomberg

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Freddie Mac , the second-largest U.S. mortgage-finance company, posted a $151 million first-quarter loss as tumbling home prices and record foreclosures drove up credit costs. via Bloomberg

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Mortgage finance company Freddie Mac's first quarter loss widened to $151 million as the U.S. housing market worsened, though the results were not as poor as expected.

McLean-Va.-based Freddie Mac also said Wednesday it plans to raise $5.5 billion in new capital. Shares of Freddie Mac, the second-largest buyer and backer of home loans, rose more than 6 percent in premarket trading.

The quarterly loss at Freddie Mac was larger than a loss of $133 million in the January-through-March period last year. The results were equivalent to a loss of 66 cents a share, compared with 35 cents a share a year earlier. Read more

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“Sprint will be the only wireless carrier providing landline-level capability to mobile customers”

Posted By: Paul Ritter 16 mins ago RESTON, Va. - Dan Hesse, chief executive officer at Sprint Nextel Corp . via KTHV-TV

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McLEAN, Va. - A New Orleans furniture salesman pleaded guilty Tuesday to spying for the Chinese government and providing Beijing with secret information on military relations between the U.S. and Taiwan. via Hattiesburg American

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“The acquisition of TCPNS is part of our strategy to establish Trace Systems as a contractor of choice within the Department of Defense”

Trace Systems Inc., a McLean, Virginia based systems integrator and technical services firm that provides comprehensive IT, communications, and other C4ISR services and solutions for the U.S. defense, homeland ... via Customer Interaction Solutions

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“While strong rate growth was largely responsible for the increase in the top-line, occupancy was relatively stable in what has been a tough quarter for the company's peers”

Shares of most senior housing operators declined Friday, as analysts said a protracted slowdown in the residential market threatens to continue slowing growth in the sector. via International Business Times

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“In terms of people seeing open carry, it's not a shock to our customers.”

The patrons at Champps, an upscale restaurant and bar chain, were eating ribs and drinking beer on a recent Saturday when customer Bruce Jackson stood up and made an announcement: He was armed, and so were ... via NewsAdvance.com

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