Police: Armed teenagers driving robbery spike in Baltimore

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New developer emerges for Madison Park North Apartments site

A long-troubled apartment complex in Reservoir Hill that closed last year is under contract with a Baltimore-based real estate firm that plans to redevelop the property. MCB Real Estate, which has a portfolio of shopping centers and some residential buildings, hopes to do a "major transformational...

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National Business News

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  • FDA approves 'artificial pancreas' to manage diabetes

    Federal regulators have approved a first-of-a-kind "artificial pancreas," a device that can help some diabetes patients manage their disease by constantly monitoring their blood sugar and delivering insulin as needed. The device from Medtronic was approved Wednesday for patients with Type 1 diabetes,...

  • Energy stocks surge on oil deal hopes, sending market higher

    Energy companies powered to big gains Wednesday, leading the broader stock market higher, on reports that OPEC nations were moving closer to an agreement to cut oil production. Stocks switched between gains and losses for most of the day, and most industries did not move much. Energy companies...

  • US soda-tax battle bubbles up in San Francisco Bay Area

    The national fight over sugary soda is bubbling up in the San Francisco Bay Area, where voters in November will consider a tax on the drinks that many health experts say contribute to diabetes, obesity and tooth decay. Backers of the campaign say a penny-per-ounce tax is needed in San Francisco,...

  • Yellen says economy likely ready for rate hike later in 2016

    Federal Reserve Chair Janet Yellen said Wednesday that the central bank has no "fixed timetable" for raising interest rates but she believes the economy is ready for a rate hike by the end of the year. She said during an appearance before the House Financial Services Committee that when the Fed...

Real Estate

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Jobs

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  • 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...

  • 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...

The Federal Workplace

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Under Armour

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  • Under Armour signs lacrosse star Taylor Cummings

    Under Armour signs lacrosse star Taylor Cummings

    Under Armour has signed its most accomplished lacrosse player -- Taylor Cummings, a three-time winner of the award for the most outstanding female collegian in the sport. The Baltimore brand is announcing the signing of the former University of Maryland star today. ''It was an easy decision,''...

  • Under Armour's new sportswear line draws mostly positive reviews from analysts

    Under Armour's new sportswear line draws mostly positive reviews from analysts

    Now that Under Armour has made the leap from workout and sports clothes to high-end fashion, analysts are weighing in. One analyst said he was surprised and impressed by the new Under Armour Sportswear line unveiled last week. But another called the move to outfit "ambitious young professionals"...

  • Under Armour has college football 'zebras' on its side

    Under Armour has college football 'zebras' on its side

    When Oregon hosted Virginia in a college football game Sept. 10, it was in the most Nike of settings. Both teams wore Nike-designed unifiorms prominently displaying the signature swoosh. Nike's headquarters was less than two hours away. But Under Armour, which relishes tweaking its much larger...

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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  • New program aimed at old Baltimore vacants problem gets slow start

    New program aimed at old Baltimore vacants problem gets slow start

    After decades of stalled promises to tear down the vacant rowhomes that have become symbolic of Baltimore's woes, Gov. Larry Hogan pledged at the start of the year that "thousands" would come down over four years with an infusion of $75 million in state money. Nine months later, the program, dubbed...

  • Online retailer Wilkes & Riley opening first store next month at Kenilworth in Towson

    Online retailer Wilkes & Riley opening first store next month at Kenilworth in Towson

    Menswear retailer Wilkes & Riley, an online brand launched in December by several former executives of Jos. A. Bank Clothiers Inc., will open its first store in October at The Shops at Kenilworth in Towson, just steps away from a Jos. A. Bank store. After an initial slow period, sales have been...

  • Elkridge-based Unitec acquired by Ohio firm

    Elkridge-based Unitec acquired by Ohio firm

    Unitec, an Elkridge firm that makes machines that collect payments at car wash stations, has been purchased by an Ohio company. DRB Systems, which is based in Akron and also focuses on technology for the automated car wash industry, announced the deal Monday. Terms were not disclosed. Executives...

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