Baltimore Sun Business

02/21/2023

This article has been corrected to reflect how much BGE’s requested rate increase would boost customers’ monthly bills. The increase averages about 5% annually, resulting in a total of about $31.07 per month at the end of three years for the average gas and electric customer. The Sun regrets the error.

Baltimore Gas & Electric Co. would raise customers’ rates for delivery about 5%, or $10.36 per month on average, for each of three years under a request filed Friday with state regulators.

02/06/2023

The dueling lawsuits over control of the Orioles and other assets of longtime team owner Peter Angelos are being dropped by the parties, according to a court document.

Orioles owner Peter Angelos' closest relatives have agreed to end their lawsuits against each other over control of the ailing patriarch's businesses and fortune.

01/26/2023

The law firm of Peter Angelos, the incapacitated owner of the Orioles who made his fortune suing companies on behalf of those harmed by asbestos, will go into conservatorship amid a feud that has split his family.

Amid a feud that has split the family of Orioles owner Peter Angelos, his Baltimore law firm will go into conservatorship.

12/29/2022

Property tax assessments in Maryland are catching up to the state’s tight real estate market, which saw soaring prices during the coronavirus pandemic.

That means many Marylanders will see a sizable bump in their property tax bills in the coming years.

Property tax assessments in Maryland are catching up to the state’s tight real estate market, which saw soaring prices during the coronavirus pandemic.

12/28/2022

Baltimore-area workers shaved 35 hours off their average annual commuting time in 2021 compared with the year before the coronavirus pandemic, one way that getting to and from work has shifted amid increased remote work and efforts to promote more efficient travel.

Baltimore-area workers shaved 35 hours off commuting time in 2021 compared with the year before the coronavirus pandemic, one of the biggest decreases in the average trip to work for any U.S. city.

12/28/2022

Chaos at Baltimore Washington National Airport is expected to continue for a third consecutive day as Southwest Airlines, the dominant airline carrier, canceled 102 flights Wednesday.

12/27/2022

By Tuesday morning, 220 flights were canceled and 14 were delayed. Nationally, Southwest canceled more than 2,500 flights. Ninety-five flights were delayed.

Roughly half the flights departing or arriving at BWI on Monday were canceled, according to FlightAware. Most of them were through Southwest Airlines, which canceled about two-thirds of its flights.

12/26/2022

Roughly half the flights departing or arriving at BWI on Monday were canceled, according to FlightAware. Most of them were through Southwest Airlines, which canceled about two-thirds of its flights.

12/21/2022

Stephanie Linnartz, president of the hotel chain Marriott International, will become the next CEO of Under Armour, the company announced Wednesday.

Under Armour named Stephanie Linnartz, president of the hotel chain Marriott International, as the Baltimore-based athletic apparel brand's next CEO on Wednesday.

12/21/2022

Maryland officials approved a $500,000 operating grant Wednesday for Baltimore to move forward with a redevelopment plan for the city’s State Center Complex.

Maryland officials approved a $500,000 operating grant Wednesday toward Baltimore's redevelopment of the city’s State Center Complex. The state also approved leases for the last two state agencies remaining at State Center to move elsewhere downtown.

12/21/2022

The city of Baltimore said in legal filings that it wants to give $1 million to the private developer that will soon own the troubled Harborplace in the Inner Harbor, making good on comments made by Mayor Brandon Scott earlier this year.

12/20/2022

A judge has approved a deal for MCB Real Estate to buy the beleaguered Harborplace in Baltimore’s Inner Harbor.

Turning around the sinking Harborplace — considered an iconic part of the Inner Harbor — is seen as key to attracting people and businesses to downtown.

A judge has approved a deal for MCB Real Estate to buy the beleaguered Harborplace in Baltimore’s Inner Harbor.

12/20/2022

Danish jeweler Pandora plans to move its U.S. headquarters from Baltimore to New York City’s Times Square.

Danish jeweler Pandora plans to relocate its U.S. headquarters from Baltimore to Times Square in New York City.

12/16/2022

Previously, the highest payment for a consent agreement, which avoids a formal hearing where a penalty or fine could be applied, was $5,000, Maryland Lottery and Gaming spokesperson Seth Elkin said.

Online sports betting company BetMGM will pay the Maryland Lottery and Gaming Control Commission $146,000 to settle alleged violations of the Sports Wagering Law, the largest consent agreement the commission has ever approved.

12/14/2022

Funding through a division of the Air Force Research Laboratory will enable the aerospace and defense giant to shorten manufacturing time and boost affordability for hypersonic weapons in production.

Northrop Grumman Corp. is expanding its ability to produce hypersonic weapons for the U.S. government with the help of an $8.8 million contract to improve technology at a plant in Elkton.

12/09/2022

Here are the region’s top companies based on confidential surveys of their employees.

The Baltimore Sun proudly presents Baltimore’s Top Workplaces, listing the region’s top companies based on confidential surveys of their employees.

12/09/2022

The bank’s community center branch, the first of its kind in Baltimore and one of 14 nationally, will offer mentorship for entrepreneurs, financial health workshops and WiFi for remote learning and work.

JPMorgan Chase has opened a branch at Mondawmin Mall in West Baltimore, one of 14 nationally in the bank’s community center format, and on Wednesday announced the third installment in a $20 million commitment to the city to benefit small businesses.

12/07/2022

“I grew up in it as a child. It’s all I’ve ever known,” said Harvest Inn Family Restaurant owner Carol Trombetta about the place that was her livelihood, second home and family legacy.

The first sit-down restaurant in Eldersburg closed its doors at noon Tuesday after 56 years in business.

12/07/2022

The federal agency’s lawsuit alleged that the Baltimore County auto dealership fired a female warehouse dispatcher after she complained that she was paid less than a male dispatcher who did the same job.

Jerry’s Chevrolet Inc. and Jerry’s Motor Cars will pay a fired female employee $62,500 to settle a pay discrimination and retaliation lawsuit brought by the Equal Employment Opportunity Commission.

12/01/2022

Under Armour plans to invest $1 million in a textile research center at North Carolina State University through a partnership announced Thursday.

12/01/2022

Route One Apparel, known for Maryland pride apparel and accessories, had been branching out beyond flag-themed merchandise with brands such as Domino Sugar, Hershey and Old Bay.

Now, the Morton Umbrella Girl is joining the lineup.

Route One Apparel, known for Maryland pride apparel and accessories, had been branching out beyond flag-themed merchandise with brands such as Hershey, Old Bay and Domino Sugar. Now, the Morton Umbrella Girl is joining the lineup.

12/01/2022

Sinclair Broadcast Group took a loss on the value of its regional sports networks for the second time since buying the package for $10.6 billion from The Walt Disney Co., this time writing off an additional $1 billion of its book value.

Sinclair Broadcast Group has taken a loss on the value of its regional sports networks for the second time since buying the package for $10.6 billion from The Walt Disney Co., this time writing off $1 billion worth. It's now written off nearly half the purchase value.

11/18/2022

“This has been an exceedingly challenging year for asset managers, including T. Rowe Price, and the challenges we have faced are likely to intensify,” a company spokesperson said.

Baltimore-based T. Rowe Price is laying off 2% of its global workforce, saying it needs to cut expenses amid challenging market conditions.

11/18/2022

“We just want to send a message that this is not OK,” Levy said “They have to come to meet with us. We have put a lot of time into coming up with our contract, and they just won’t even give us the time of day.”

Baltimore-area baristas joined workers from more than 100 Starbucks locations across the U.S. Thursday in a “Red Cup Day” walkout to protest low wages and poor working conditions and pressure the coffee giant to negotiate with newly formed unions.

11/15/2022

A life sciences unit of the German international pharmaceutical giant Merck KGaA plans to invest $286 million at its Montgomery County facility and hire up to 500 people.

11/15/2022

Two months ago, Jay Walsh was comparing Baltimore’s housing market to crack co***ne for investors.

On Tuesday, his company filed for bankruptcy.

Two months ago, Jay Walsh compared Baltimore’s housing market to crack co***ne for investors. On Tuesday, his company, ABC Capital Investment LLC, which sold city homes to international investors, filed for bankruptcy.

11/15/2022

Port Covington, the once industrial South Baltimore waterfront that is being redeveloped, is getting a new name to go with its future as a place to live, work, shop and gather.

Starting Tuesday, the massive project south of Interstate 95 will be called Baltimore Peninsula.

Port Covington, the once industrial South Baltimore waterfront, is getting a new name to go with its future as a place to live, work, shop and gather. As of Tuesday, the massive development south of Interstate 95 will be called Baltimore Peninsula.

11/14/2022

Mobile sports betting could launch in Maryland by Thanksgiving as officials slightly accelerated what has been a drawn-out process.

To place bets now, Maryland bettors must either go to a betting facility or drive across state lines and place bets on their cellphones once there, which has frustrated gamblers.

Sports gambling was legalized in Maryland via a direct vote in 2020, and although in-person wagering has begun, online sports betting has not.

11/07/2022

Morgan Stanley plans to expand its presence in Baltimore’s Harbor Point, the landlord for the global financial services firm said Monday.

Morgan Stanley plans to expand its presence in Baltimore’s Harbor Point, the city landlord for the global financial services firm said Monday.

11/03/2022

Under Armour beat Wall Street’s expectations for second quarter earnings but lowered projections for the year because of a challenging retail environment.

Under Armour beat Wall Street’s earnings expectations for the second quarter but lowered sales and earnings projections for the full year because of a challenging retail environment.