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BRAC Leads to Construction at Wright-Patterson
Wright-Patterson AFB in Ohio will be the recipient of several organizations under the last round of BRAC. Significant construction of facilities is required leading to several large contracts.... Continued »
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Treasury Department to Pay Significant Costs to Manage Financial Bailout
We had written in the past about the U.S. Treasury Department having to hire contractors to help manage the TARP financial bailout passed by Congress last year. Now The Wall Street Journal reports on the costs incurred to do this. The Department predicts that by the end of this month they will have […]
...- AT&T Wins Contract to Build Data Network for U.S. Army in Germany
- Homeland Security Awards Tri-S Security Contracts for Services in California
- U.S. Army to Receive $15.5 Million Refund from Leo Burnett
- Raytheon Had Protested Recent AEGIS Contract Award?
- Construction Dollars Flow to Wright-Patterson AFB Due to BRAC
- More Government Insights
Government Articles
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Why the PennyMac-FDIC Home Mortgage Deal Is Important
The basis of the financial crisis has been home mortgages, but so far every remedy seems to address every other monetary ill but that one. Indeed, Secretary of the Treasury Henry "Hank" Paulson touted his $700 billion bailout program as a way to clean up toxic debt...
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GE's Finance Arm Launches $10 Billion FDIC-backed Debt
By Dena AubinNEW YORK (Reuters) - General Electric Co's GE finance arm on Monday launched a $10 billion sale of FDIC-backed debt, the largest sale under the government guarantee program since its inception last November.The General Electric Capital Corp sale will push total issuance under the government program to over...
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Private Equity Group Buying IndyMac Assets
By Karey Wutkowski and Megan DaviesWASHINGTON/NEW YORK (Reuters) - The assets of failed U.S. mortgage lender IndyMac are being bought by a group of private equity and hedge fund firms, including Dune Capital Management and J.C. Flowers & Co, which are putting up $1.3 billion in cash.The Federal Deposit Insurance...
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Fannie Says IndyMac Has $1 Bln in Mortgage Obligations: Report
(Reuters) - Fannie Mae FNM FNM, the largest U.S. home funding company, believes that failed mortgage lender IndyMac has obligations to repurchase around $1 billion of home mortgages that failed to meet Fannie's standards, the Wall Street Journal said, citing people familiar with the situation.Banks that sell loans to Fannie...
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JC Flowers, Others Close to IndyMac Deal: Source
By Paritosh BansalNEW YORK (Reuters) - A consortium of private equity and hedge fund firms, including J.C. Flowers & Co, is close to a deal to buy the assets of failed mortgage lender IndyMac, a source familiar with the matter said on Sunday.The prospective buyers also include Dune Capital Management,...
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Regulators Near Deal For IndyMac: Report
(Reuters) - U.S. banking regulators are close to a deal to dispose of failed IndyMac Bancorp Inc IDMC, the Wall Street Journal said, citing people familiar with the situation.It was not immediately clear who the buyer is and how much it would pay, the paper said adding that it is...
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Are Paulson and Bernanke Lying to Us?
A new report from financial consulting firm Celent argues that there is no credit crisis, and that the publicly available data from the Federal Reserve Bank directly contradicts the doom-and-gloom public statements made by its chairman Ben Bernanke and Treasury Secretary Henry Paulson. ...
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Advice To Team Obama: Keep FDIC's Bair
Now comes word that Timothy Geithner, President-elect Barack Obama's choice for U.S. Treasury Secretary, is trying to push Federal Deposit Insurance Corp. Chairman Sheila Bair out of office. So much for Obama's "team of rivals" governing philosophy. Apparently, Geithner worries that Bair is not a team player,...
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DOJ Hound Wanted To Sink Teeth Into GOOG, YHOO Deal
Looks like Jerry Yang and the rest of the Yahoo (NSDQ: YHOO) gang weren't the only ones sad to see the search outsourcing deal with Google (NSDQ: GOOG) die. Sanford Litvack, a lawyer the Department of Justice hired specifically to examine the deal, was hungry for the chance to...
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Irwin Financial Corporation Q3 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator Instructions Our first question comes from Ross Demmerle - Hilliard Lyons. Ross Demmerle - Hilliard Lyons It looks like non-interest expense at the bank jumped up quite a bit. Is there anything nonrecurring in there? In the Q it says FDIC insurance premiums...
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Healthcare Roundup: DOJ Investigates Medtronic, AARP Probes UnitedHealthcare Plans, Hospitals and Red Ink, and More
The Department of Justice investigates Medtronic over marketing of a spinal implant, the AARP named an outside investigator to look into its marketing of UnitedHealthcare limited-benefit health plans, hospitals slide into the red, and more. by David P. Hamilton
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Justice Department Orders InBev to Unload Labatt USA
There's one small hitch in the Justice Department's approval of the InBev-Anheuser Busch merger: InBev must unload its Labatt USA subsidiary. That's nothing, really. The Canadian brews Labatt Blue and Labatt Blue Light make up less than 1 percent of the beer market in the United States....
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Tyco International Ltd. F4Q08 (Qtr. End 09/30/08) Earnings Call Transcript
Question-and-Answer SessionThank you. [Operator Instructions]. Your first question comes from John Inch, Merrill Lynch. Your line is open. John Inch - Merrill Lynch Thank you. Good morning. Edward D. Breen - Chairman and Chief Executive Officer Good morning, John. Christopher J. Coughlin - Executive Vice President and Chief Financial...
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Earnings Preview: Tyco International
Tyco International TYC is expected to report Q4 earnings before market open Tuesday, Nov. 11, with a conference call scheduled for 8:30 am ET. Guidance Analysts are looking for EPS of 72c on revenue of $5.32B. The consensus range is $5.03B to $5.46B for revenue, according to First Call. Tyco...
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DynCorp International Inc. F2Q09 (Qtr End 10/03/08) Earnings Call Transcript
Question-and-Answer Session Operator Operator instructions Your first question comes from the line of Myles Walton with Oppenheimer. Myles Walton – Oppenheimer Good morning. Bill Ballhaus Good morning Myles. Myles Walton – Oppenheimer Bill may be our Mike, could you comment on the margin performance in...
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Media Roundup: Google-Yahoo Ad Deal a Bust, YouTube to Offer Feature Films, and More
Department of Justice says no to Google-Yahoo ad search deal -- Google withdrew its proposal after the DoJ said it would file an antitrust lawsuit if the collaboration between the two search giants went forward. The arrangement would have "denied consumers the benefits of competition," the DoJ said. [Source: Wired]...
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Yahoo, Google Anxiously Await DOJ Alliance Decision
Tech Confidential submits: Tuesday will be an important day in Washington, D.C., a day that could change the course of history. At least for Internet powers Yahoo! Inc. YHOO and Google Inc. GOOG. The Deal has learned that's the deadline for the two companies to take their last...
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Hope for Google-Yahoo Ad Deal Fades
Tech Confidential submits: As The Deal reported last week, Yahoo! Inc. YHOO and Google Inc. GOOG are considering abandoning their proposed advertising alliance, according to a report in the Wall Street Journal."The option to scrap the deal has been on the table before, but Google in particular has...
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Delta and Northwest Receive Government Approval for Merger
About a month ago, I noted that while Delta and Northwest had both approved their merger, we were still waiting for the most important approval - the US Department of Justice DOJ - to come through. Earlier today, that happened, and the merger is now official. by Brett Snyder
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Center Financial Corporation Q3 2008 Earnings Call Transcript
Question-and-Answer SessionOperator Operator instructions And our first question comes from the line of Brett Rabatin with FTN Midwest. Go ahead. Brett Rabatin – FTN Midwest Good morning, everyone. Lonny Robinson Good morning, Brett. Brett Rabatin – FTN Midwest First, just a housekeeping issue. I was...
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BNET Industry Analyst Profiles
Matthew Potter
Matthew Potter is a resident of Huntsville, Ala., where he works supporting U.S. Army aviation programs. After serving in the U.S. Navy, he began work as a defense contractor in Washington D.C. specializing in program management and budget development and execution. In the last 15 years Matthew has worked for several companies, large and small, involved in all aspects of government contracting and procurement. He holds two degrees in history as well as studying at... more »
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BNET Government provides daily industry news coverage and insights for managers and executives about the world wide business of government contracting. We analyze new and interesting contract awards, policy changes by governments, and the trends in procurements and spending. There will also be discussion of the industry with a focus on small and innovative companies and business lines. The world's governments spend billions each year on a variety of hardware and services and the site will discuss how the money is being allocated.
