Tag: Business & Finance

Lowest and highest average car insurance premiums in the region

WASHINGTON — It’s not just the cost of new and used cars that keeps going up: area car insurance rates have also continued to climb. A new study shows rates have jumped about 3.5 percent since last year, and over 10 percent since 2011. And while that’s a lot, it’s still about half as high […]

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China says reached consensus on some key issues during U.S. trade talks

BEIJING (Reuters) – China and the United States reached a consensus in principle on some key issues during trade talks in Beijing, state news agency Xinhua reported on Friday. Both sides discussed topics including technology transfers, intellectual property protection, non-tariff barriers, services, agriculture and the trade balance, Xinhua said, following […]

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Target to fill big Tenleytown retail vacancy

The vacancy left by Best Buy’s exit from Tenleytown will be filled by a retailer in D.C. expansion mode: Target. The lease between Cityline at Tenley Center Inc., an affiliate of Invesco Real Estate, and Target Corp. (NYSE: TGT) was signed Feb. 11 and recorded with the District Thursday. The 10-year lease, with six five-year […]

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D.C. FM station Mix 107.3 to be sold as part of $103.5M deal

Contemporary radio station WRQX, known as Mix 107.3, will be sold to a Christian radio media organization as part of a larger $103.5 million cash deal involving multiple stations. Cumulus Media Inc. agreed sell WRQX to Educational Media Foundation along with five other FM stations — WYAY (Atlanta), WPLJ (New York) KFFG (San Francisco), WZAT […]

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D.C. group launches new business program for single mothers

Natalie Cofield ran an entrepreneurship program for millennial moms. She led a financial literacy course for citizens released from incarceration. She launched a bootcamp for startup founders of color. The Walker’s Legacy founder’s latest initiative? Moms Who Enterprise, a six-week D.C. program to help low-income single mothers develop financial and entrepreneurship skills. “The thesis behind […]

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Peebles lines up financing for Mount Vernon Triangle hotel

D.C.’s long-planned SLS Hotel project is inching closer to breaking ground.  Developer Peebles Corp. has lined up financing with a large international lender, according to Donahue Peebles III, senior associate of development. He declined to identify the lender until the deal closes this spring.  Late last year, the financing was in question for the 175-room […]

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New Hilton above L’Enfant Metro will open in April

WASHINGTON — After sitting vacant for nearly six years, the former L’Enfant Plaza Hotel is set for its grand reopening as the Hilton Washington DC National Mall. The 15-story hotel comes back with 367 rooms and 23,000 square feet of meeting and event space. The former L’Enfant Plaza Hotel is set for its grand reopening […]

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