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Fairfax County establishes $2.5M small business loan fund
Fairfax County announced Thursday that it has established the Fairfax County Small Business COVID-19 Recovery Fund — a $2.5 million fund to support small businesses that have suffered economic hardship during the pandemic. The recovery fund will make no-interest loans of up to $20,000 to eligible businesses. In order to apply, the small business must […]
McLean IT company names new CFO
McLean-based Altamira Technologies Corp. announced Thursday that A. Adam Omar will serve as its new chief financial officer. A certified public accountant, Omar previously worked as CFO for Maryland-based CyberCore Technologies and he has worked as a vice president and finance executive for companies including Reston-based Science Applications International Corp., Software AG and LexisNexis. He [...]
Gannett announces mass layoffs, pay cuts, furloughs
McLean-based Gannett Co. Inc., the nation’s largest newspaper publisher, sent an email to employees Monday announcing mass layoffs, furloughs and pay cuts, according to The Daily Beast. Like other media outlets, the company has reportedly a large drop in advertising revenues recently due to the financial crisis caused by the COVID-19 pandemic. Gannett has a […]
Tegna acquisition talks fall through
As the financial fallout from the COVID-19 pandemic escalates, Tysons-based Tegna announced that two offers to acquire the Gannett spinoff company have fallen through. “TEGNA and its advisors engaged substantially with two of these parties and provided them extensive non-public due diligence information,” the company wrote in a statement over the weekend. “These two parties […]
As COVID-19 crisis continues, SBA is saving small businesses
With the world economy in crisis, Congress and President Donald Trump are working at breakneck speed to pass a massive stimulus package. This package is necessary to restore jobs and to stop unemployment from reaching 20%. Lawmakers aren’t alone in taking action to stave off coronavirus-induced economic disaster. The Small Business Administration (SBA) has issued […]
Tegna receives new acquisition offer
Now the subject of a bidding war, Tysons-based broadcast and digital media company Tegna Inc. has received a new acquisition offer from investment firm The Najafi Cos. and religious broadcaster Trinity Broadcasting Network (TBN) that values the company at $20 per share cash, the companies announced Thursday. Tegna was once part of McLean-based mass media […]
MicroStrategy CEO draws fire for denying COVID-19 is health crisis
Michael Saylor, the CEO of Tysons-based tech company MicroStrategy Inc., wrote a later-redacted three-page memo to his 2,400 employees this week arguing that COVID-19 is not a public health crisis and saying he refused to close down MicroStrategy’s offices and shift to teleworking unless he was legally required to do so. In the letter, he […]
SAIC wins $950M DoD contract
Reston-based Science Applications International Corp. (SAIC) announced Thursday that it has been awarded a $950 million contract from the Defense Logistics Agency — a combat support agency of the U.S. Department of Defense that includes more than 26,000 civilian and military personnel. SAIC will take over supply chain management of paints, preservation and sealing compounds […]
Herndon-based Learning Tree names new CEO
Herndon-based information technology and management training course provider Learning Tree International Inc. on Wednesday named David Brown as its new CEO and a member of the board of directors. Brown most recently worked as the global head of sales and services for information services company Clarivate Analytics. He also previously worked for international multimedia company […]
Falls Church company sends text from space satellite to phone
Falls Church-based wireless network company Lynk Global Inc. said Wednesday that it has sent a text message from a satellite in space to a standard mobile phone on Earth. “This is a game-changer for the billions of people who own a mobile phone, for the billions who do not have affordable connectivity, and for the […]
DXC Technology names executive vice president, offerings and strategic partners
Tysons-based DXC Technology named Ken Corless as executive vice president, offerings and strategic partners, on Friday. Corless will be based in the company’s Chicago office. Corless was most recently the chief technology officer for Deloitte’s Cloud Practice in his 30-year career in the information technology industry. Before Deloitte, he spent more than 28 years at […]
OBXtek Inc. wins $44.2M State Dept. contract
McLean-based information technology government contractor OBXtek Inc. was awarded a five-year, $44.2 million contract from the Department of State to support the Bureau of Diplomatic Security’s Technical Security Engineering (TSE) Division, OBXtek announced Wednesday. OBXtek will provide program management, operational support and administrative support, as well as developing training analys[...]
