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Business - Baltimore Sun



Business, technology, real estate and investing news, primarily from The Baltimore Sun



Published: Fri, 15 Apr 2016 15:15:23 GMT

Last Build Date: Fri, 15 Apr 2016 15:15:23 GMT

Copyright: ©2016 Baltimore Sun
 



Maryland reports major job gains in March

Fri, 15 Apr 2016 15:05:00 GMT

Maryland employers added 19,300 jobs last month —more than in any other state in the country, according to new estimates the Department of Labor released on Friday.

Businesses in the professional and business services industry led the gains, with the creation of 7,900 jobs. The leisure and hospitality...




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McDonald's stores targeted by protests for $15/hour, union

Fri, 15 Apr 2016 11:40:00 GMT

Protesters calling for pay of $15 an hour and a union were at McDonald's restaurants around the country and overseas Thursday as part of an ongoing push targeting the world's biggest hamburger chain. The "Fight for $15" campaign says low-wage employees including airport workers, adjunct professors...




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Maryland seeks $155 million from feds to clear freight bottleneck beneath Baltimore

Fri, 15 Apr 2016 01:37:00 GMT

The state and the railroad CSX Transportation have agreed to a plan to remove a bottleneck for freight shipping beneath the streets of Baltimore and have requested $155 million in federal funding to help pay for the project they say will boost the Maryland economy.

State and railroad officials have...




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Tax preparation chains 'target' the working poor and overcharge, Hopkins study finds

Thu, 14 Apr 2016 22:25:01 GMT

National tax preparation chains are disproportionately clustered in low-income neighborhoods, where they charge high fees and make frequent errors, according to a Johns Hopkins University study released Thursday.

The researchers found that low-income workers in Baltimore and Washington eligible...




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On deck for Port Covington's eastern district: a plaza, lookout tower and shopping zone

Thu, 14 Apr 2016 22:20:57 GMT

The eastern edge of the planned Port Covington development could get a 300-foot lookout tower on Winans Cove, a 3-acre plaza and a pedestrian shopping zone under plans that Sagamore Development, the real estate firm owned by Under Armour CEO Kevin Plank, presented to the city Thursday.

Sagamore,...




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Downtown Baltimore adds residents in 2015, while employment declined

Thu, 14 Apr 2016 21:55:37 GMT

Employment in downtown Baltimore declined last year for the first time since 2011, while the number of people living in the area continued to climb, according to a report released Thursday.

Other findings in the study, produced for the Downtown Partnership of Baltimore, also were mixed as more offices...




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City reviews latest plan for Rash Field

Thu, 14 Apr 2016 20:41:00 GMT

The latest plan to turn Rash Field into a destination park on the Inner Harbor still faces major hurdles, members of a city design panel said Thursday.

The Waterfront Partnership, the non-profit that promotes and maintains the Inner Harbor, is planning a $5 million renovation of the park, to begin...




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Maryland joins other states in questioning retailers' on-call shifts

Thu, 14 Apr 2016 17:04:46 GMT

Attorneys general from eight states including Maryland are questioning national retailers' use of "on-call" shifts that give employees as little as an hour's notice to come to work.

Maryland Attorney General Brian Frosh and attorneys general from the other states and Washington, D.C., said they...




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Under Armour plans Brand House stores for Boston, Madison

Thu, 14 Apr 2016 15:47:00 GMT

There will be something new, but really not new at all, in the flagship Brand House store Under Armour plans to open this fall in Boston. 

Greeting shoppers at the door of the second largest Under Armour store in North America will be a larger-than-life mannequin, a new feature. But the mannequin's...




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BNote, Baltimore's local currency, adds new denominations featuring women

Thu, 14 Apr 2016 15:36:00 GMT

The creators of the Baltimore BNote, the city's local currency, unveiled a second iteration Thursday featuring two notable local women on new $10 and $20 bills and a redesign of the existing $1 and $5 bills.

The new $20 bill features Lillie May Carroll Jackson — a civil rights activist and former...




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Under Armour partners with Southampton FC

Thu, 14 Apr 2016 15:33:00 GMT

When the Saints go marching in for next season's English Premier League, they'll be wearing Under Armour.

Increasing its presence at the top level of global soccer, Under Armour has inked a seven-year apparel and sponsorship deal with English Premier League club Southampton FC.

The deal with Southampton,...




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Maryland Verizon workers among 40,000 on strike

Wed, 13 Apr 2016 23:41:48 GMT

After 10 months of unsuccessful labor negotiations, nearly 40,000 Verizon employees — 3,500 of them in Maryland — went on strike Wednesday, the second time in five years they walked off the job due to a contract dispute with the communications giant.

Employees picketed outside the company's building...




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McCormick will not acquire British food company

Wed, 13 Apr 2016 23:16:51 GMT

After raising its offer for British food company Premier Foods and being turned down twice, McCormick & Co. has dropped plans to pursue what would have been its largest acquisition ever.

The Sparks-based spice maker said Wednesday that Premier was seeking too high a price, pushing down shares of...




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Southwest adds more seasonal flights at BWI

Wed, 13 Apr 2016 22:08:00 GMT

Southwest Airlines announced Wednesday it plans to add new seasonal flights to Boston, Denver, Seattle, Portland, Maine, New Orleans and Minneapolis, Minn., from Baltimore-Washington International Thurgood Marshall Airport.

The flights, which will be available between August and November, are now...




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Blindness foundation plans leadership transition

Wed, 13 Apr 2016 20:17:55 GMT

A Columbia-based foundation dedicated to funding research to combat blindness has selected new leadership to succeed its founder.

The Foundation Fighting Blindness announced Wednesday that David Brint has been elected chairman of the nonprofit. He will succeed Gordon Gund as chairman, starting July...




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Legg Mason completes acquisition of Clarion Partners

Wed, 13 Apr 2016 19:53:19 GMT

Legg Mason said Wednesday it has completed a roughly $577 million deal to buy a majority stake in a New York real estate investment firm.

The Baltimore-based money manager announced the agreement to buy about 82 percent of Clarion Partners in January. Clarion's leaders own the remainder of the firm,...




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Small business owners support David Warnock for mayor at Canton event

Wed, 13 Apr 2016 19:09:00 GMT

Several small business owners endorsed mayoral candidate David L. Warnock, citing his experience and commitment to making the city more business friendly at a campaign event Wednesday at Verde restaurant in Canton.

Warnock on Wednesday also released his plan to aid city business, which includes...




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State should challenge daily fantasy operations in court, Senate president says

Tue, 12 Apr 2016 23:29:00 GMT

Senate President Thomas V. Mike Miller Jr. called on the state attorney general Tuesday to file a legal challenge to daily fantasy sports operations, which would allow the courts to settle the murky issue of whether the games are permissible under Maryland law.

"The attorney general's going to...




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Central Baltimore Partnership housing plan calls for thousands more units

Tue, 12 Apr 2016 23:26:17 GMT

The Central Baltimore Partnership wants to spend $17.5 million over the next seven years to catalyze the transformation of 10 neighborhoods, guided by a redevelopment plan released Tuesday.

The plan by the partnership, a coalition of community groups, universities, nonprofits and developers, calls...




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Nelson Peltz sells stake in Legg Mason to Singapore investment firm

Tue, 12 Apr 2016 23:23:16 GMT

Legg Mason found itself Tuesday morning with a new largest shareholder as activist investor Nelson Peltz sold off much of his firm's stake to a Singapore-based investment holding company.

Shanda Group purchased nearly 10 percent of the Baltimore-based wealth management company's common stock for...




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