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 8/10 Excellent --- blog.washingtonpost.com http://blog.washingtonpost.com/washbizblog/index.xml
| A blog about businesses in the Washington, D.C., metropolitan region, written by The Washington Post's Dan Beyers ... |
Wednesday, July 23, 2008 --- 37 days ago http://blog.washingtonpost.com/washbizblog/2008/07/roundup_sallie_usis_lasalle_c
| From staff and wire reports *SLM said its second-quarter profit fell 72 percent, to $266 million (50 cents a share) from $966 million ($1.03), as investors purchased fewer securities backed by its loans. In the second quarter last year, Reston-based Sallie Mae had a gain of $842 million from derivatives. *US Investigations Services, the Falls Church risk-management firm, named Michael G. Cherkasky its chief executive six months after he was ousted by Marsh & McLennan for failing to restore profit. Cherkasky, 58, will join USIS on Aug. 1 to succeed chief executive Randy Dobbs, who becomes executive chairman, the firm said. Marsh & McLennan will receive $10 million from USIS because hiring Cherkasky breaks a non-compete clause he signed when he departed, USIS spokesman Michael John said. *LaSalle Hotel Properties said second-quarter funds from operations rose 12.1 percent, to $47.4 million ($1.18) from $42.3 million ($1.05). Revenue rose 9 percent, ... |
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