NEWS FEED

The Washington Post Sunday - - TAKING STOCK -

Ac­qui­si­tions: GTT Com­mu­ni­ca­tions, a McLean provider of cloud net­work­ing ser­vices, an­nounced two deals in re­cent days. On June 20, it said it agreed to pay $37.5 mil­lion for Perseus, a com­pany that sells high­speed con­nec­tions to fi­nan­cial and e-com­merce com­pa­nies. Six days later, it an­nounced the pur­chase of cloud ser­vices com­pany Global Ca­pac­ity for $100 mil­lion and 1.85 mil­lion shares of GTT stock. Go­ing public: Ven­core, a Chan­tilly­based gov­ern­ment IT ser­vices com­pany, filed plans for an ini­tial public of­fer­ing to raise up to $250 mil­lion. Ven­core plans to trade on the New York Stock Ex­change un­der the ticker VNCR. New at the top: Har­ris Corp.’s for­mer gov­ern­ment ser­vices busi­ness is pre­par­ing to re­launch un­der a new brand. Un­til then, the spinoff, now called MHVC Ac­qui­si­tion Corp., is putting its lead­er­ship team in place. New chief ex­ec­u­tive Stu Shea named Jeremy Wensinger chief op­er­at­ing of­fi­cer, James Win­ner gen­eral coun­sel and Robert Gian­netta chief in­for­ma­tion of­fi­cer — all for­mer ex­ec­u­tives in the na­tional se­cu­rity sec­tor.

“To see a turn­around [in busi­ness in­vest­ment] in the fourth quar­ter and to con­tinue that even at a strong rate in the first quar­ter to me is a very pos­i­tive sig­nal for the econ­omy go­ing for­ward in 2017.”

Andy Bauer, se­nior re­gional econ­o­mist at the Bal­ti­more branch of the Rich­mond Fed, of­fer­ing his out­look for the U.S. econ­omy in a re­cent pre­sen­ta­tion be­fore the So­ci­ety of Fi­nan­cial Ser­vice Pro­fes­sion­als in Ar­ling­ton

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