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Under Armour executive leaves for Starbucks

When one of America’s hottest brands needs to poach talent it goes to one of America’s other hottest brands. Leanne Fremar, until earlier this month a top marketing executive at Under Armour, is going to Starbucks. Fremar was senior vice president/executive creative director of concepts for the...

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National Business News

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  • UBS posts 14 percent drop in net profit in second quarter

    Swiss bank UBS has reported a 14-percent drop in net profit in the second quarter, citing "pronounced low client activity" amid economic and geopolitical uncertainties and other market weakness. The company said net income fell to 1.03 billion Swiss francs ($1.05 billion), from 1.21 billion francs...

  • Eni's 2Q losses widen in weak market

    Italian oil and gas company Eni says second-quarter losses widened to 446 million euros ($494 million) due to a prolonged downturn in low oil prices as well as oversupply and overcapacity in the gas and refining sectors. Eni said Friday that the loss compared with a 97-million-euro shortfall in...

  • Sanofi profits down despite growth at Genzyme unit

    Drugmaker Sanofi has reported an 11 percent fall in profit in the second quarter despite double-digit growth of its biotech unit Genzyme. The Paris-based company reported Friday a fall in net income of 11 percent to 1.16 billion euros ($1.29 billion) and a 5 percent drop in net revenue to 8.14...

  • Alphabet's 2Q earns soar despite rising 'moonshot' losses

    Business is booming at Google's parent company, Alphabet Inc., even as it loses billions of dollars on kooky-sounding projects that may never produce any revenue. Huge chunks of the losses have been piling up in Alphabet's "X'' lab, a wellspring of far-out ideas that has become known as a "moonshot...

Real Estate

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Jobs

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  • Maryland adds 9,800 jobs in June; unemployment rate falls to 4.3 percent

    Maryland adds 9,800 jobs in June; unemployment rate falls to 4.3 percent

    Maryland's labor market surged ahead in June, with employers adding nearly 10,000 jobs and the unemployment rate continuing to fall. The state added 9,800 jobs last month, the Labor Department reported Friday. The gain meant the state's job growth topped 2 percent on a year-over-year basis, outpacing...

  • Deadline extended for Top Workplaces nominations

    Deadline extended for Top Workplaces nominations

    Love where you work but didn't around to nominating it for Top Workplaces? It's not too late. The Baltimore Sun Media Group extended the deadline for nominations for its sixth annual list of the region's top workplaces until Aug. 12. For the past five years, The Sun's Top Workplaces has showcased...

  • VA lender NewDay USA expands in Fulton and plans to hire 135

    VA lender NewDay USA expands in Fulton and plans to hire 135

    NewDay USA, a Fulton-based mortgage lender that serves veterans and their families, is expanding its Howard County headquarters and expects to hire about 135 loan originators, credit analysts and office staff by the end of the year. NewDay, a division of private investment firm Chrysalis Holdings...

  • Accenture Federal Services will double workforce as it opens innovation center in Woodlawn

    Accenture Federal Services will double workforce as it opens innovation center in Woodlawn

    Accenture Federal Services, a Virginia subsidiary of the global professional services firm Accenture, opened a technology-focused innovation center Monday in Woodlawn that will more than double its workforce to 300 people in the coming years. The Innovation Center for Technology will focus on information...

The Federal Workplace

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Under Armour

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  • Under Armour looks for youth ambassadors in Canada

    Under Armour looks for youth ambassadors in Canada

    Under Armour has launched a campaign in Canada to find boys and girls to represent the brand's next generation of athletes. The sports apparel maker and Sport Chek, Canada's largest sporting goods retailer, will select one boy and one girl -- between the ages of 7 and 12 --  to serve as Under Armour...

  • Under Armour pop-up shop coming to Port Covington this weekend

    Under Armour pop-up shop coming to Port Covington this weekend

    A pop-up store selling Under Armour gear is open this weekend in Port Covington. The brand's "Sample Sale" will offer clothing, shoes and accessories in a mix of sizes and colors -- all at a discount. Some of the profits will go to the company's WIN Initiative, which supports groups that help youth...

  • Jordan Spieth wore golf shoe with sensor technology

    Jordan Spieth wore golf shoe with sensor technology

    In March, Jordan Spieth launched Under Armour’s first line of golf shoes. At the U.S. Open last month, Spieth and Under Armour tried something a little different -- a “smart’ shoe with sensor technology. “When it comes to daily activity, Jordan could not wear a wearable device (UA Band) on the...

Money

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Asian stocks mixed after Wall Street decline

Chinese stocks gained Tuesday but other Asian markets fell after Wall Street declined on losses for energy stocks. KEEPING SCORE: The Shanghai Composite Index gained 0.5 percent to 3,028.56 and Hong Kong's Hang Seng advanced 0.7 percent to 22,144.70. Tokyo's Nikkei 225 fell 1.6 percent to 16,362.88...

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  • U.S. airfares cheapest they've been since 2010

    U.S. airfares cheapest they've been since 2010

    U.S. airfares were the cheapest they've been since 2010 in the first quarter of 2016, the federal government said Tuesday. The average price of a domestic ticket dropped to $361 in the first quarter, down 7.8 percent from the same period in 2015, according to the U.S. Department of Transportation's...

  • Nike CEO's pay almost triples to $47.6 million with stock award

    Nike CEO's pay almost triples to $47.6 million with stock award

    Nike awarded Chief Executive Officer Mark Parker $47.6 million in compensation for fiscal 2016, almost triple the level of the previous year, after stock grants buoyed his pay. Parker's salary remained $1.55 million in the period, which ended May 31, the Beaverton, Ore.-based company said in a...

  • The meaning of Starbucks' new employee dress code

    The meaning of Starbucks' new employee dress code

    Fedoras are a do, but bucket hats are a don't. Colors such as charcoal, navy, brown and black are in — bright ones like red and yellow are out. Patterns are cool, as long as they are small and subtle, and denim works as long as it's not light-wash. These may sound like decrees from the glossy pages...

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