Industries

Kaine promotes regional energy and climate-change plan

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Gov. Timothy M. Kaine wants Southern states to develop a regional plan to conserve energy and fight climate change.

Kaine urged governors of the 16 states that make up the Southern Governors Association to work together toward conservation, energy independence and clean technology. (Richmond Times-Dispatch

Commercial real estate sales dropped 87 percent in Northern Virginia during the first half of 2008 compared with the same period during 2007. Sales fell 61 percent in Washington, D.C. (The Washington Post)

The Tysons Land Use Task Force is scheduled to present its plan to develop Tysons Corner into an urban center in September. But some opponents say the group’s proposals allow for too much density. (The Washington Post)

Earnings

Human resources and management consulting firm Watson Wyatt’s fourth-quarter revenues increased 17 percent to $453.8 million. Net income during the quarter rose 32 percent to $41.7 million.

McLean-based BearingPoint Inc. reported its first quarterly profit in three years. The technology and management consulting company reported a second-quarter profit of $18.5 million, compared with a loss of $64 million the same period the year before. The company reported lower professional compensation expenses and an increase in revenues. The company revised its expected loss for the year to between $30 million and $70 million. Previously, it predicted a loss of $70 million. (The Associated Press

For the Record

The World Information Technology and Services Alliance (WITSA), an association of leading information technology associations from around the world, moved its headquarters to the offices of the Fairfax County Economic Development Authority. WITSA had been located in neighboring Arlington County. WITSA members represent more than 90 percent of the world information and communication technology market. The high concentration of IT firms in Fairfax County, more than 5,400, prompted the move. (Business Wire)

The Electronic Funds Transfer Association chose Raymond T. Crosier for a two-year term as chairman. Crosier is president and COO of Online Resources, a Chantilly-based provider of Web-based financial services to banks and credit-service providers. Crosier oversees day-to-day operations of the company’s three divisions and its banking technology unit. Crosier, with 25 years in the financial-services industry, has led Online Resources for seven years. (Business Wire)

Virginia filed a consumer-protection lawsuit against HomeSpun Home Fashions of Petersburg, an Internet-based furniture company, doing business as Cratefurniture.com. The suit alleges HomeSpun failed to ship more than 100 orders to callers in the promised time frame, resulting in consumer losses in excess of $80,000. The Virginia Office of Consumer Affairs received 118 complaints against HomeSpun, including 10 in the past month, and the Better Business Bureau gave the company an unsatisfactory rating because of 183 complaints in a recent three-year period. The suit called for injunctive relief, refunds and civil penalties. (Richmond Times-Dispatch

The Danville region ranks near the bottom of U.S. metropolitan areas for personal income, according to the Bureau of Economic Analysis. Per capita income in Danville was $27,209 in 2007, or 335th out of 363 areas. That was up from $26,008 in 2006 — an increase of 4.6 percent. A slight population decline influenced the numbers and the area has felt the loss of jobs tied to manufacturing and tobacco. (Danville Register & Bee)


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