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  • Volkswagen reaches $1.2B settlement with dealers in scandal

    Volkswagen has agreed to pay its U.S. dealers up to $1.2 billion to compensate them for losses they said they suffered as a result of the company's emissions cheating scandal, according to a settlement agreement filed Friday in federal court in San Francisco. Under the terms of the deal, dealers...

  • Deutsche Bank shares swing wildly amid stability concerns

    Shares in Deutsche Bank swung wildly on Friday, touching a record low before roaring back to life, amid speculation about the stability of Germany's biggest bank and the European financial system. Having initially fallen 8 percent, the shares rallied to close more than 6 percent higher on hopes...

  • Stocks say 'nevermind'; reverse recent losses as banks jump

    U.S. stocks climbed Friday as banks made a rapid recovery following a steep fall a day ago. Investors hoped Deutsche Bank and the financial system in general were in better shape than they had feared. Banks made the biggest gains Friday as Germany's largest bank tried to reassure investors about...

  • US consumer spending at weakest pace in 5 months

    U.S. consumers scaled back their spending in August to its weakest pace in five months, reflecting a drop in spending on autos. Income growth also decelerated as wages and salary gains slowed following four strong months. Consumer spending was unchanged last month after solid gains of 0.4 percent...

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  • JCPenney plans to hire 500 for the holiday season at Baltimore mall stores

    JCPenney plans to hire 500 for the holiday season at Baltimore mall stores

    JCPenney plans to hire 500 seasonal workers in the Baltimore area for the holiday season, the department store chain said Wednesday. Employees are needed for customer service and support jobs such as cashier, replenishment specialist, merchandise support specialist and other positions. Hiring will...

  • Starbucks to open shop with a training focus in East Baltimore

    Starbucks to open shop with a training focus in East Baltimore

    Starbucks will open a new coffee shop with a training focus near Johns Hopkins Hospital early next year, part of a larger move by the coffee giant to offer jobs and training to youths in poor communities around the United States. The Starbucks with an in-store classroom will open in the long-planned...

  • Textron confirms 45 layoffs in Baltimore County facility

    Textron confirms 45 layoffs in Baltimore County facility

    A Rhode Island firm that manufactures drones for the military is laying off about four percent of the workforce at its Baltimore County plant. Textron Systems notified 45 employees of the decision on Thursday, spokesman Matthew Colpitts wrote in an email. He attributed the move to a "change in the...

  • Israeli defense firm plans expansion of Howard County office

    Israeli defense firm plans expansion of Howard County office

    The U.S. affiliate of an Israeli defense company, wooed to Maryland in 2012, is moving to bigger offices next month and plans hire 50 more people in the next few years. The announcement of the ELTA North America expansion was made as part of the state's trade mission to Israel, where Gov. Larry...

The Federal Workplace

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Under Armour

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Money

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Belcamp-based Independent Can Co. buys Ball Corp.'s specialty tin division

Independent Can Co., the Belcamp-based, family-owned specialty metal packaging and printing firm, said Monday it has agreed to acquire the Rosedale-based specialty tin division of Ball Corp. Ball Corp., based in Broomfield, Colo. said it plans to sell its tin-making plant off Pulaski Highway for...

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  • BWI Light Rail stations to close from Oct. 7-11

    BWI Light Rail stations to close from Oct. 7-11

    The BWI Business District and BWI Airport Light Rail stations will close from Oct. 7-11 to allow crews to replace a grade crossing at Andover Road, the Maryland Transit Administration announced Thursday. The MTA will provide free shuttle buses for passengers between the North Linthicum station...

  • Rawlings-Blake signs off on Port Covington public financing

    Rawlings-Blake signs off on Port Covington public financing

    Mayor Stephanie Rawlings-Blake committed the city Wednesday to $660 million in public financing for roads, utilities and other infrastructure at Port Covington, site of Under Armour CEO Kevin Plank's $5.5 billion waterfront development — a step she called "one of the most significant milestones...

  • Google's answer to Amazon Prime launches in Maryland

    Google's answer to Amazon Prime launches in Maryland

    Aiming to muscle into e-commerce giant Amazon's turf, Google is expanding its online shopping and delivery platform into Maryland and much of the East Coast. The expansion is part of a push to make Google Express available nationwide by the end of the year. The service, which launched in select...

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