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This is the one corner of the D.C. area’s tech scene that’s doing really well

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This is the one corner of the D.C. area’s tech scene that’s doing really well


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Tech stocks get 'hit the hardest' as markets fall

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Tech stocks get 'hit the hardest' as markets fall


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Deutsche Bank rejects House Democrats' call for Trump finance details

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Deutsche Bank rejects House Democrats' call for Trump finance details


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District residents’ perceptions of Metro have fallen dramatically; many support a sales tax to turn it around

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District residents’ perceptions of Metro have fallen dramatically; many support a sales tax to turn it around


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'Trump gridlock' has benefits for the stock market, expert says

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'Trump gridlock' has benefits for the stock market, expert says


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Awards handed out to small business champions

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Awards handed out to small business champions


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Home / D.C. / Business
Q&A: Understanding the debate over tax reform in Washington
The current debate in Washington, D.C. over tax policy raises fundamental questions about fairness and efficiency in our democracy. But the very complexity of tax policy makes it difficult to follow the debate. Charles Ballard, a professor of economics at Michigan State University, has spent most of his career studying tax policy. He has also written the book "Michigan's Economic Future   Read More ...
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Tags: Taxes |  Economy |  Economics |  Taxation | 
Places: Americas |  North America |  United States |  Midwest |  East |  Michigan |  D.C. | 
Baltimore's Fells Point ZIP code among most expensive rental markets in the state
Baltimore may be cheaper for renters than Washington, D.C., but part of the city is among the most expensive places in the state to lease a place to live, according to a new report. With an average rent of $2,187, Baltimore’s 21231 ZIP code, which encompasses Fells Point, Butcher’s Hill and Harbor Point, came in fourth in a report by apartment search website RENTCafe that ranked Maryland ZIP codes by average rent   Read More ...
Categories: Business |  Real Estate | 
Places: Americas |  North America |  United States |  D.C. |  Baltimore | 
Big tech crushes earnings
All the recent criticism of big tech in Washington D.C. and the popular media doesn't seem to be hurting the companies' financial results. Four tech giants reported earnings after the bell on Thursday, and all of them beat expectations and saw their stocks shoot up. A quick summary: : EPS of 52 cents came in way ahead of expectations of 3 cents, and investors gave the company a pass on its razor-thin 0   Read More ...
Categories: Business | 
Tags: Corporate |  Enterprises |  Earnings | 
Places: Americas |  North America |  United States |  D.C. | 
Japan, U.S. to hold second round of economic dialogue on October 16
TOKYO (Reuters) - Japanese Finance Minister Taro Aso said on Friday he would meet U.S. Vice President Mike Pence in Washington D.C. on Oct. 16 for the second round of an economic dialogue between the two countries. When asked about the possibility that the talks would include trade negotiations, Aso said it is better to improve the way it manages its existing quota system for imports of frozen U   Read More ...
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Tags: Economy |  Economics | 
Places: Americas |  North America |  United States |  Asia |  N.E. Asia |  Japan |  D.C. | 
Whole Foods reports customer credit card breach at D.C., Va. and Md. locations
Customers’ credit card information was accessed without authorization at eight Whole Foods stores in D.C., Maryland and Virginia, part of a security breach that affected 56 stores around the country, the grocery company said. In a statement Tuesday, Whole Foods said it “received information regarding unauthorized access of payment card information” that was limited to “taprooms and full table-service restaurants” at some of its locations   Read More ...
Categories: Business | 
Tags: Corporate |  Enterprises |  Money |  Credit Cards |  Credit |  Customers | 
Places: Americas |  North America |  United States |  D.C. | 
Tim Mullaney: This is the lesson the stock market has learned from Charlottesville
When I attended The Catholic University of America in Washington, D.C., we had tons of future politicians on campus. Mitch Landrieu, now mayor of New Orleans, took a carload of us out for steak our first day: My first view of the Capitol at night came from the back of his Oldsmobile. I bonded with Ed Gillespie, a New Jersey kid now running for governor of Virginia, because I was the first person he met who knew where his hometown was   Read More ...
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Tags: Markets |  Stock Markets |  Financial Markets | 
Places: North America |  United States |  D.C. | 
Anthem, Harvard Pilgrim will stay in N.H.’s health insurance market
The New Hampshire health insurance marketplace will have three companies in 2018, after Anthem and Harvard Pilgrim confirmed Wednesday that they will offer plans through the exchange. Anthem covers about 27,000 state residents and Harvard Pilgrim covers about 11,000 residents through HealthCare.gov and the state’s Medicaid expansion program. “Thanks in part to the uncertainty coming from Washington, D.C., individual markets around the country are facing unprecedented instability   Read More ...
Categories: Business |  Health | 
Tags: Markets |  Insurance |  Medical Care |  Health insurance | 
Places: Americas |  North America |  United States |  Northeast |  New England |  New Hampshire |  D.C. | 
This is the one corner of the D.C. area’s tech scene that’s doing really well
As high-profile hacks continue to dominate the national conversation, a budding industry of former government intelligence specialists is finding success selling cybersecurity services to corporations. Cybersecurity start-ups in the District, Maryland and Virginia cut 31 deals with venture capitalists in 2016 — twice as many as in 2012 — according to investment data analyzed by the National Venture Capital Association. Almost all of them involved young companies in the suburban periphery, where the region’s military and intelligence agencies are located   Read More ...
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With open enrollment nearing, Iowa’s individual insurance market still rocky
With health care talks in Washington, D.C., now stalled and the start of open enrollment only three months away, many unknowns still exist when it comes to the stability of Iowa’s individual insurance market. The future of cost-sharing reduction payments are uncertain — which could translate to an increase in insurance premiums for Iowans between 52 percent and 57 percent — while the plan submitted by Iowa’s insurance commissioner intended to stabilize the marketplace is still waiting for approval   Read More ...
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Tags: Markets |  Insurance | 
Places: Americas |  North America |  United States |  Iowa |  D.C. | 
In the market for a vacation home? Here’s where you can find bargains in the Washington area.
The weather is hot and so are the housing markets at Washington’s favorite beach escapes. If a week-long rental isn’t enough anymore or you’re looking to finally make your dream of owning a beach house a reality, this summer could be the time to buy. While median home prices in the region hit an all-time high in May, buying a beach house doesn’t necessarily have to mean paying big bucks   Read More ...
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Tags: Markets | 
Places: Americas |  North America |  United States |  Washington |  D.C. | 
Investors should forget about politics and focus on earnings: Analysts
While Washington, D.C., roils over the latest White House bombshell, some analysts think investors would do well to cut out the political noise and focus on the signal — namely, earnings. In the coming months, questions surrounding the future of free trade agreements and U.S.-North Korea relations may bring politics to the fore for investors, but today's headlines should take a back seat to earnings season, according to Jeffrey Kleintop, Charles Schwab's chief global investment strategist   Read More ...
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Tags: Corporate |  Enterprises |  Earnings |  Finance |  Investments |  Investors | 
Places: Americas |  North America |  United States |  D.C. | 
Elon Musk Gets Verbal 'Approval' for NY to D.C. Hyperloop
Elon Musk says he received 'verbal govt approval' for The Boring Company to build a Hyperloop that would rocket you from New York to D.C. in 29 minutes.   Read More ...
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Tags: Enterprises |  Entrepreneurship | 
Places: Americas |  North America |  United States |  New York |  D.C. | 
'As retail goes, so goes America,' VP Pence tells a room full of retailers
The best days for American retailers are ahead, Vice President Mike Pence said Tuesday at a summit hosted by the National Retail Federation. "I promise you that," Pence told the crowd. More than 200 retail representatives from across the country, including small-business retailers, national executives and state officials, attended the Retail Advocates Summit in Washington, D.C. "As retail goes, so goes America," Pence said   Read More ...
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Tags: Markets |  Retail Markets | 
Places: Americas |  North America |  United States |  D.C. | 
NAFTA negotiations set to begin August 16 in D.C.
President Trump called the trade agreement between the U.S, Canada and Mexico "the worst trade deal maybe ever signed anywhere." Next month, his team will begin renegotiating the North American Free Trade Agreement (NAFTA) with Canada and Mexico. The first round of talks on the three-nation pact will take place August 16-20 in Washington D.C, according to a statement published Wednesday by Trump's U   Read More ...
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Tags: Economy |  Trade |  Economics | 
Places: North America |  United States |  D.C. | 
Chipotle shuts Virginia store after reports of illnesses
Chipotle temporarily closed a restaurant in a Washington, D.C., suburb after reports that customers had become ill, news that sent its shares down more than 6 percent as the chain had already been working on recovering from past food scares. The company says it shut down a location in Sterling, Virginia, on Monday after becoming aware of a "small number" of reported illnesses   Read More ...
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Tags: Corporate |  Enterprises |  Customers | 
Places: Americas |  North America |  United States |  South |  Atlantic |  D.C. | 
Deutsche Bank rejects US Democrats’ call for Trump finance details
Deutsche Bank’s external counsel in Washington, D.C. rejected on Thursday demands by US House Democrats to provide details of President Donald Trump’s finances, citing privacy laws. The response by Deutsche’s lawyers at Akin Gump Strauss Hauer & Feld is the second rejection by the bank for information on Trump’s finances. Deutsche Bank has loaned the Trump organization millions of dollars for real-estate ventures, and five Democrats on the House of Representatives Financial Services Committee want information on Trump’s finances   Read More ...
Categories: Politics & Government |  Business | 
Places: India |  D.C. | 
Tech stocks get 'hit the hardest' as markets fall
SAN FRANCISCO — Tech stocks took a drubbing Thursday as the Nasdaq slid more than 1.4% and the Dow faced its biggest one-day drop in more than a month. The market decline stems partly from concerns that legislative actions in Washington, D.C. are slowed, said Alan Skrainka, chief investment officer at Cornerstone Wealth Management. "Overvaluations in the technology sector" also prompted investors to sell, he said   Read More ...
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Tags: Markets | 
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Deutsche Bank rejects House Democrats' call for Trump finance details
FRANKFURT: Deutsche Bank's external counsel in Washington, D.C. rejected on Thursday demands by U.S. House Democrats to provide details of President Donald Trump's finances, citing privacy laws. The response by Deutsche's lawyers at Akin Gump Strauss Hauer & Feld is the second rejection by the bank for information on Trump's finances. Deutsche Bank has loaned the Trump organization millions of dollars for real-estate ventures, and five Democrats on the House of Representatives Financial Services Committee want information on Trump's finances   Read More ...
Categories: Politics & Government |  Business | 
Places: United States |  Singapore |  D.C. | 
Deutsche Bank rejects U.S. House Democrats' call for Trump finance details
Deutsche Bank's external counsel in Washington, D.C. rejected on Thursday demands by U.S. House Democrats to provide details of President Donald Trump's finances, citing privacy laws. The response by Deutsche's lawyers at Akin Gump Strauss Hauer & Feld is the second rejection by the bank for information on Trump's finances. Deutsche Bank has loaned the Trump organization millions of dollars for real-estate ventures, and five Democrats on the House of Representatives Financial Services Committee want information on Trump's finances   Read More ...
Categories: Politics & Government |  Business | 
Places: United States |  India |  D.C. | 
Enterprise CarShare is officially pulling out of most Chicago locations
Enterprise CarShare is ending its regular service in Chicago — and six other cities. But if you’re a college student or professor, you might still be in luck. The company that bought Chicago’s first car-sharing operation told members Wednesday it is officially closing its “retail” business in Illinois — as well as Washington, D.C.; Boston; San Francisco; Salt Lake City; and Denver   Read More ...
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Tags: Enterprises | 
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Check Out 14-Year-Old Warren Buffett's 1944 Tax Returns
Billionaire Warren Buffett’s success began at a young age. In fact, the financial genius has been making an income, investing money and paying taxes since the ripe age of 14-years-old. Buffett’s road to becoming one of the richest people in the world started in 1944, when Buffett was a paperboy in Washington, D.C. How do we know this? The billionaire investor recently shared his to PBS NewsHour, revealing how he began building his $75 billion net worth while he was still in school   Read More ...
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Places: Americas |  North America |  United States |  South |  Atlantic |  D.C. | 
Arts play big part in local economy, study shows
The nonprofit arts sector is a $557.1 million industry in Wake County, a new study shows. Local nonprofit arts groups spent $179.1 million in 2015, and their audiences spent $378 million, according to a study by Arts & Economic Prosperity, a research firm based in Washington, D.C. Most of the money was spent in Raleigh. Nonprofit arts groups in the city spent $167 million in 2015 – more than double the median amount spent by cities of similar size   Read More ...
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Tags: Economy |  Economics | 
Places: Americas |  North America |  United States |  South |  Atlantic |  North Carolina |  Raleigh |  D.C. | 
Apple CEO Attends U.S. Business Leader Roundtable With Indian Prime Minister
Apple CEO Tim Cook joined top business leaders in a roundtable session with India's Prime Minister Narendra Modi on Sunday. As many as 21 high-profile chief executives of U.S. corporations attended the gathering in Washington, D.C., including Google's Sundar Pichai, Microsoft's Satya Nadella, and Amazon's Jeff Bezos (via ). Prime Minister Modi kicked off his U.S. visit by telling the CEOs that India's growth presented a "win-win" opportunity for both nations, referring to his government's attempts to improve the business climate, including a unified Goods and Services Tax (GST) that he hoped would encourage American companies to invest there   Read More ...
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Places: United States |  Asia |  S. Asia |  India |  South |  Atlantic |  D.C. | 
District residents’ perceptions of Metro have fallen dramatically; many support a sales tax to turn it around
Washingtonians have soured on Metro, with chronic delays and shutdowns changing how more than 2 in 5 of them get around town, but they’re are not giving up on the beleaguered subway. A slight majority supports a regionwide sales tax to boost funding for the transit system, with big majorities opposing service cuts and fare increases to raise the money it needs, according to a new Washington Post poll   Read More ...
Categories: Business | 
Tags: Taxes |  Corporate |  Enterprises |  Sales |  Taxation | 
Places: Americas |  North America |  United States |  South |  Atlantic |  West |  Pacific |  Washington |  D.C. | 
'Trump gridlock' has benefits for the stock market, expert says
The "Trump gridlock" may have some investors worried about the U.S. stock market, but expert Peter Andersen believes there may be some benefits to the lack of policies coming from Washington, D.C. The market has moved higher since Trump's election thanks to investors who bet on his agenda of tax reform, deregulation and infrastructure spending. However, nothing has been signed into law yet   Read More ...
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Tags: Markets |  Stock Markets |  Finance |  Investments |  Investors |  Financial Markets | 
Places: Americas |  North America |  United States |  South |  Atlantic |  D.C. | 
Health care draft bill brings uncertainty to Iowa market
Iowa health care officials were in Washington, D.C., urging the state’s two Republican senators to vote against their party’s health care legislation that would effectively overhaul the Affordable Care Act, colloquially known as "Obamacare." Senate Republicans unveiled their health care bill Thursday. It would eliminate the individual mandate, which forces consumers to buy health insurance or face a fine, would make cuts to Medicaid and would keep protections for those with pre-existing conditions   Read More ...
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Tags: Government |  Parliament |  Senate |  Markets |  Medical Care |  Legislation | 
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Health care draft bill brings uncertainty to Iowa market
DES MOINES, Iowa — Iowa health care officials were in Washington, D.C., urging the state’s two Republican senators to vote against their party’s health care legislation that would effectively overhaul the Affordable Care Act, colloquially known as "Obamacare." Senate Republicans unveiled their health care bill Thursday. It would eliminate the individual mandate, which forces consumers to buy health insurance or face a fine, would make cuts to Medicaid and would keep protections for those with pre-existing conditions   Read More ...
Categories: Politics & Government |  Business |  Health | 
Tags: Government |  Parliament |  Senate |  Markets |  Medical Care |  Legislation | 
Places: Americas |  North America |  United States |  Midwest |  West |  Iowa |  South |  Atlantic |  D.C. |  Des Moines |  Polk | 
New luxury apartments rise at City Market at O in D.C.’s Shaw
When the luxury apartments and Giant grocery store opened in 2013 at the City Market at O, the development was part of the transformation of the Shaw neighborhood in Northwest Washington into a destination for new bars and restaurants and residences. The next phase of City Market at O, known as , continues the transformation of the entire block of Ninth and P streets NW   Read More ...
Categories: Business |  Real Estate | 
Places: Americas |  North America |  United States |  South |  Atlantic |  D.C. | 
How to stop being your own worst enemy in the stock market
With the prospects of bullish tax reforms and infrastructure spending in Washington, D.C. fading and valuations so rich, many market pundits say you should sell stocks ahead of further declines. But this might be a big mistake — especially if you’d be taking profits. The obvious reason is there might not really be more weakness. No one can really call the market   Read More ...
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Tags: Markets |  Stock Markets |  Shares |  Financial Markets | 
Places: Americas |  North America |  United States |  South |  Atlantic |  D.C. | 
Awards handed out to small business champions
BEDFORD — A cofounder of a local business working to provide advancements in the medical field earned the designation of Small Business Person of the Year at this year’s Small Business Week award ceremony. The 27 employees at Celdara Medical, LLC’s three locations — Lebanon; New York, N.Y.; and Washington, D.C. — worked with 200 academic institutions to review prior academic research to see if a new medication can be brought to clinical trial   Read More ...
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Places: Americas |  North America |  United States |  Northeast |  New England |  New Hampshire |  New York |  D.C. | 
CEO of United & other airlines face grilling in D.C. on Tuesday over customer service
CEOs of United, American Airlines, Alaska Airlines and Southwest Airlines will be on hand Related Stories United Airlines Inc. executives faced harsh criticism from U.S. lawmakers that demanded answers on Tuesday following the forcible removal of a passenger from an overbooked flight in April, with the carrier's chief executive again apologizing for the incident. United CEO Oscar Munoz's appearance before the U   Read More ...
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Places: United States |  Canada |  D.C. | 
Ivanka Trump talks female entrepreneurs and her father at W20 Summit in Berlin
First daughter Ivanka Trump discussed female entrepreneurship, her father and feminism at the W20 Summit in Berlin on Tuesday, joining a panel that included German Chancellor Angela Merkel and the Netherlands' Queen Maxima. Merkel invited Trump to the G20-linked event during her visit with President Trump last month in Washington, D.C. Feminism was a central topic on the panel, as the moderator, who cited a "reluctance" to use the term, asked the panel to raise their hands if they consider themselves a feminist   Read More ...
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Tags: Enterprises |  Entrepreneurs | 
Places: Americas |  North America |  United States |  Midwest |  West |  Minnesota |  Berlin |  D.C. |  Berlin | 
United Bank completes acquisition of Cardinal Financial
United Bankshares Inc., with headquarters in Charleston and Washington, D.C., announced Monday it had completed its acquisition of Cardinal Financial Corporation, an institution with $4.3 billion in assets headquartered in Tysons Corner, Virginia. The acquisition means United Bank has added 22 new locations in the greater Washington area and now holds the largest deposit market in that region, according to a statement issued by the company   Read More ...
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Places: Americas |  North America |  United States |  D.C. | 
Sales AI company Afiniti raises $1.6 billion, files for IPO
You’ll be forgiven for not having heard of Afiniti, a Washington, D.C. company that may be the first pure-play artificial intelligence companies to file for an IPO since the big AI hype wave hit last year. Afiniti uses AI to help companies more efficiently pair their sales people with customers, and boasts that it raises sales by an average of 4 to 6 percent   Read More ...
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Places: D.C. | 
Cargill inks option to buy half of ProGold LLC
WASHINGTON, D.C. — American Crystal Sugar Co. of Moorhead, Minn., has agreed to give Cargill Inc. an option to buy half of its half interest in ProGold LLC, a corn fructose plant at Wahpeton, N.D. The potential sale price was not disclosed.   Read More ...
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Tags: Markets |  Consumers |  Shopping | 
Places: North America |  United States |  D.C. | 
Some big Connecticut companies paid zero taxes
Two of Connecticut's biggest Fortune 500 companies, Priceline and General Electric, avoided paying federal income taxes for eight years, despite consistently turning a profit, a recent study found. The Institute on Taxation and Economic Policy in Washington, D.C., analyzed 258 profitable Fortune 500 companies and found that 100 of them paid no taxes at least one year between 2008 and 2015   Read More ...
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Tags: Taxes |  Corporate |  Enterprises |  Money |  Profits |  Prosperity |  Good fortune |  Taxation | 
Places: Americas |  North America |  United States |  Connecticut |  D.C. | 
What First-Time Presidents and Entrepreneurs Have in Common
Many criticisms have been directed toward President Donald Trump, most notably his lack of political experience. Of course, the former real estate mogul boasted that his dearth of political know-how is a good thing, leaving him untainted by Washington, D.C.’s corruption and uniquely poised to shake things up. Only time will tell if the newly inaugurated president will live up to his promises, a feeling many startup founders can empathize with   Read More ...
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Places: Americas |  North America |  United States |  D.C. | 
Boeing forms venture group, invests in two tech startups
SEATTLE Boeing Co (BA.N) said on Wednesday it had launched a venture capital arm and invested in two startup companies in a bid to stay abreast of rapidly evolving aircraft designs and factory technology. The new division, known as HorizonX, invested in Upskill, a Washington, D.C.-based software company that uses Google Glass-type eye wear to help assembly workers complete complex tasks such as creating wiring bundles for Boeing jetliners   Read More ...
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Tags: Enterprises |  Start-ups |  Tech startups | 
Places: Americas |  North America |  United States |  D.C. | 
Boeing forms venture group, invests in two tech startups
SEATTLE: Boeing Co said on Wednesday it had launched a venture capital arm and invested in two startup companies in a bid to stay abreast of rapidly evolving aircraft designs and factory technology. The new division, known as HorizonX, invested in Upskill, a Washington, D.C.-based software company that uses Google Glass-type eye wear to help assembly workers complete complex tasks such as creating wiring bundles for Boeing jetliners   Read More ...
Categories: Business | 
Tags: Enterprises |  Start-ups |  Tech startups | 
Places: Singapore |  D.C. | 
Business Rx: A Washington area computer security business looks for more customers close to home
This week, a computer security firm looks for more customers in the greater Washington metropolitan area. –Dan Beyers. The entrepreneur. After earning his master’s degree and PhD in electrical engineering in 2008, Siddharth Potbhare. joined his first start-up, CoolCAD Electronics, founded by his University of Maryland advisor and a fellow graduate student. That company does a lot of government research and development work in new semiconductor technologies and electronic design   Read More ...
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