PRESS DIGEST - Washington Post Business - Sept. 3

Wed Sep 3, 2008 12:33am EDT
 
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WASHINGTON, Sept 3 (Reuters) - The Washington Post included the following items on the front page of its business section on Sept. 3.

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A major effort to upgrade intelligence computers that hold the U.S. government's master list of terrorist identities is embroiled in controversy about the project's management and the work of contractors hired for the job, documents and interviews show.

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Comstock Homebuilding of Reston, Va., said it has reached a deal with lender BB&T to wipe $32.7 million worth of troubled development loans from its books as it struggles to rebound in an ailing housing market.

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With the launch of its browser on Tuesday, Google staked claim to one of the few areas of the Internet where it didn't already have a foothold and ratcheted up its ongoing competition with the behemoth Microsoft.

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Kenneth Griffin, Founder, President and CEO, Citadel Investment Group LLC, speaks during the "Financial Recovery: When and How?" panel at the 2009 Milken Institute Global Conference in Beverly Hills, California April 27, 2009. REUTERS/Phil McCarten
Citadel enters the fray

Kenneth Griffin's powerful hedge fund has waded into the case of Goldman Sachs' purloined computer code, suing three of its former employees for setting up Teza Technologies.  Full Article | Full Coverage 

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