NRC to build Bethesda office tower

The Nuclear Regulatory Commission has signed a deal to construct a 14-story, 362,000-square-foot office tower across from its headquarters in Bethesda, a welcome project for local developers who have been grappling with plunging demand for commercial real estate space.

EPA proposes tougher pollution controls, narrows target group

Even as the Senate Environment and Public Works Committee took up its climate bill for the first time Tuesday, the Environment Protection Agency proposed requiring thousands of greenhouse gas emitters to install stricter pollution control technology.

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BAE Systems names Linda Hudson head of U.S. operations

BAE Systems PLC, a major British defense and aerospace company, said Monday that it has chosen Linda Hudson to lead its U.S. operations, making her one of the highest-ranking women in the defense-contracting industry.

The home-buyer tax credit: Throwing good money after bad

Congress and the administration seem likely to extend the first-time-home-buyer tax credit. Senate Majority Leader Harry M. Reid wants to extend it through December 2010 but phase out the amount over time; Republican Senator Johnny Isakson, a former real estate agent, wants to extend it through J...

AARP could benefit from the health insurance reforms it advocates

The nation's preeminent seniors group, AARP, has put the weight of its 40 million members behind health-care reform, saying many of the proposals will lower costs and increase the quality of care for older Americans.

The accelerating decline of newspapers

U.S. newspaper circulation has hit its lowest level in seven decades, as papers across the country lost 10.6 percent of their paying readers from April through September, compared with a year earlier.

Nation Digest: Pentagon reassigns chief auditor

The Pentagon's chief auditor was forced from her post Monday following sharp criticism from lawmakers over failures to hold defense contractors accountable for overcharges and poor performance.

Federal Diary: Bargaining rights loom large

President Obama wants to issue an executive order creating panels that would foster greater collaboration between management and labor in federal agencies, but it's hard to craft a document that pleases both sides.

Business Digest: Capmark Financial files for bankruptcy protection

BANKRUPTCY Capmark Financial Group, one of the largest U.S. commercial real estate lenders, has filed for bankruptcy protection amid mounting bad debt, becoming the latest casualty in the still turbulent U.S. real estate market.

Nelson Peltz to join Legg Mason board

Billionaire investor Nelson Peltz built a reputation agitating for change at the food and beverage companies in his portfolio. Now he is turning his attention to the financial industry by accumulating a significant stake in Legg Mason and joining its board.

Local Business Digest: AOL names board for Time Warner split

EXECUTIVES Preparing for an upcoming spinoff from Time Warner, AOL said Monday that it has named a new board that will include Michael K. Powell, former chairman of the Federal Communications Commission.