Mike Preston's report card in Week 3

Business

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National Business News

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  • Europe bank head calls markets 'resilient' after Brexit vote

    The president of the European Central Bank says both markets and the economy have been "resilient" in the wake of Britain's vote to leave the European Union. But Mario Draghi cautioned members of the European Parliament in Brussels on Monday that the long-term effects of the breakup "will be much...

  • Will boom in loans at retailers, manufacturers turn to bust?

    They sell diamond rings in malls and used cars at dealerships, make wrench sets for mechanics and giant combines for farmers. Not one has "bank" in its name, but they are all big lenders, and getting bigger by the day. If you're wondering how companies can get people to buy things when wages have...

  • Florida-bound airliner makes emergency landing in New York

    A Florida-bound Spirit Airlines jet with 142 people aboard has made a safe emergency landing in New York after a reported mechanical problem. The pilot shut down the affected engine and landed safely early Monday at Buffalo Niagara International Airport. The airline says none of the 136 passengers...

  • Japan's leader vows to accelerate economic measures, TPP

    Japanese Prime Minister Shinzo Abe pledged Monday to accelerate his mix of policies to prop up Japan's economic recovery and speed up parliamentary approval of the Trans-Pacific Partnership trade pact. In his policy statement opening the 66-day parliamentary session, Abe outlined an extra set of...

Real Estate

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Jobs

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  • Walmart will give $2 million worth of bonuses to Maryland workers

    Walmart will give $2 million worth of bonuses to Maryland workers

    Walmart will give $2 million worth of cash bonuses to its 11,000 hourly workers in Maryland, the retail giant said Wednesday. The bonuses, part of more than $200 million in quarterly bonus pay earned by more than 932,000 of its full- and part-time workers nationwide, were based on stores' performances...

  • Maryland added 700 jobs in August; unemployment rate holds steady at 4.3 percent

    Maryland added 700 jobs in August; unemployment rate holds steady at 4.3 percent

    Maryland job growth was lackluster in August, as employers added just 700 positions, a minimal gain that economists attributed to election uncertainty and summer payroll quirks. Despite the modest increase, the state's unemployment rate held steady at 4.3 percent, according to the figures, which...

  • WeddingWire announces Maryland expansion

    WeddingWire announces Maryland expansion

    WeddingWire Inc., one of the leading wedding planning and vendor review sites, said Thursday it plans to expand its Maryland headquarters and add 200 people to its workforce. The firm, founded in 2007, is adding a floor at its Chevy Chase offices, where it employs about 350 people. The firm will...

  • Kmart closing 64 stores nationwide

    Kmart closing 64 stores nationwide

    Fresh off the heels of a round of closures this year, Kmart is shuttering another slew of stores. According to a Business Insider article citing local news reports and conversations with employees, Sears is closing 64 additional Kmart stores throughout the nation. The stores will begin liquidation...

The Federal Workplace

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Under Armour

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  • Designer Tim Coppens leads Under Armour's New York Fashion Week foray

    Designer Tim Coppens leads Under Armour's New York Fashion Week foray

    As a fashion designer, Tim Coppens is no stranger to trying to get customers to buy into his vision. His latest effort as executive creative director for Under Armour Sportswear might be a tough sell. Last week, on the last day of New York Fashion Week, Coppens presented Under Armour Sportswear...

  • Under Armour names new North American president

    Under Armour names new North American president

    Jason LaRose, who helped Under Armour build its growing online sales business internationally, has been named the company's North American president. The Baltimore fitness apparel and footwear brand said Friday that LaRose will replace Matthew Mirchin, who will remain as an advisor. The changes...

  • Athletes become avatars at Under Armour lab

    Athletes become avatars at Under Armour lab

    Torrey Smith doesn't play for the Ravens anymore. But the San Francisco 49ers receiver left a lasting impression during a visit to Under Armour's warehouse-sized lab in Baltimore. Smith visited the lab in Port Covington earlier this year for a full body scan. The resulting avatar allows the company...

Money

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Report finds racial wage gap widest in nearly 4 decades

As wages for American workers have stagnated for more than a generation, the income gap between black and white workers has widened, and discrimination is the main reason for the persisting disparity, according to a new report. The Economic Policy Institute also found that young black women are...

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  • Costly math: $12K in unreported currency seized at BWI

    Costly math: $12K in unreported currency seized at BWI

    More than $12,000 in unreported currency was seized at Baltimore Washington International Thurgood Marshall Airport Tuesday, officials said. The U.S. Customs and Boarder Protection Office of Field Operations seized $12,322 from a Nigerian woman for a federal currency reporting violation. Federal...

  • Giant Food will sell Queen Latifah's floral line

    Giant Food will sell Queen Latifah's floral line

    Giant Food plans to sell a floral line designed by actress/singer Queen Latifah starting next month. The Queen Collection, a line of floral bouquets and plants, will be available at the Baltimore area's largest supermarket chain starting Oct. 7. Ahold USA, the parent of Landover-based Giant Food,...

  • Fed keeps key rate unchanged but hints of coming hike

    Fed keeps key rate unchanged but hints of coming hike

    The Federal Reserve is keeping its key interest rate unchanged but signaling that it will likely raise rates before year's end. The Fed said in a statement ending its latest policy meeting Wednesday that the U.S. job market has continued to strengthen and economic activity has picked up. But it...

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