MCLEAN, VA – Veteran business leader and technology entrepreneur Marissa Mayer has been nominated to stand for election to the board at the company’s Annual Meeting of Shareholders in May. If elected by shareholders, Mayer will succeed long-time Hilton Director Judith McHale who has shared her intention to retire from the board as of this…
WASHINGTON — GovEagle, an AI-driven proposal platform for government contractors, has raised $2.5 million in funding from Strategic Cyber Ventures, Y Combinator, and a group of angel investors. This funding will support the expansion of GovEagle’s engineering team, further enhancing the platform’s ability to streamline and automate the complex government bidding and proposal drafting process. Organizations face a…
WASHINGTON – A federal judge in Washington, D.C., unsealed two separate indictments that allege Chinese nationals Yin Kecheng, 38, (尹 可成) a/k/a “YKC” (“YIN”) and Zhou Shuai, 45, (周帅) a/k/a “Coldface” (“ZHOU”) violated various federal statutes by participating in years-long, sophisticated computer hacking conspiracies that successfully targeted a wide variety of U.S.-based victims from 2011 to the present-day. According to…
WASHINGTON — ResilienceVC, a seed-stage venture capital firm that invests in fintech startups, has closed its debut, oversubscribed fund. With its inaugural fund attracting a diverse range of strategic investors and its management of early-stage investments for the Discover Financial Health Improvement Fund, the firm’s total assets under management stand at over $56 million. Focused…
BUSAN, Republic of Korea – The USS Carl Vinson (CVN 70), the flagship of Carrier Strike Group (CSG) One, arrived in the Republic of Korea (ROK) for a scheduled port visit on March 2. [Photo by US Navy Mass Communication Specialist 3rd Class Nate Jordan] The visit to Busan exemplifies the U.S. commitment to the…
The Social Security Administration plans to reduce the size of its workforce and organizational structure, with a significant focus on functions and employees who do not directly provide mission critical services. Social Security recently set a staffing target of 50,000, down from the current level of approximately 57,000 employees. Rumor of a 50 percent reduction…
The Pentagon is deploying a Stryker Brigade Combat Team and a General Support Aviation Battalion to the southwestern border, accelerating efforts to fulfill President Donald Trump’s directive to bolster military support in securing the U.S. – Mexico border. The units, equipped with wheeled vehicle and air capabilities, are set to reinforce border operations in the…
The Metropolitan Washington Airports Authority announced that more than 53.54 million passengers traveled through Dulles and Reagan International airports in 2024. This represents 5.8 percent growth from the year before and is a new system-wide record. Most of the increase happened at Washington Dulles International, which added six new airlines and experienced a record passenger…
While the federal government is experiencing big cutbacks from the Trump administration, one area where hiring is urgently needed is for air traffic controllers at the nation’s airports. Transportation Secretary Sean P. Duffy announced a new plan to supercharge the hiring of air traffic controllers during a visit to Oklahoma City. This announcement followed a…
BETHESDA, MD – DiamondRock Hospitality Company has completed the sale of the 410-room Westin Washington, D.C. City Center for a contract price of $92.0 million. The sales price represents an 11.2x multiple on 2024 Hotel EBITDA and a 7.5% capitalization rate on 2024 Hotel net operating income, or a capitalization rate of 5.6% inclusive of…