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Bank buys Inn at the Black Olive for $3.9 million
The Inn at the Black Olive, a boutique hotel in Fells Point, was sold at auction for $3.9 million Thursday to mortgage holder 1st Mariner Bank. Bidding for the South Caroline Street hotel, restaurant and cafe-market opened at $2.5 million, said Bradd...
Tags: Bankruptcy, Fells Point, Olives, Hotel and Accommodation Industry, Downtown (Baltimore, Maryland)
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Demolition begins on Catonsville's Simkins Mill
The clanging sound of metal scraping against metal rang through the air on River Road last week as demolition of the Simkins Mill began. Per a Baltimore County razing permit issued on May 7, Simkins Industries and the company's locally contracted...
Tags: Baltimore County, Patapsco, Plant Openings, Catonsville, State Parks
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Five questions for ... Mark Stoeckle
For more than two decades, Baltimore fund companies Adams Express Co. and Petroleum & Resources Corp. had been under the direction of a single CEO and chairman. But with the retirement of Doug Ober this year, the two have seen a shake-up at the top....
Tags: Conservation, Colleges and Universities, Finance, Baltimore Ravens, Mutual Funds
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Legg Mason's new CEO sees compensation more than double
The compensation of Legg Mason Inc.'s CEO and chief financial officer more than doubled over the year that ended March 31, according to a proxy statement filed Wednesday with regulators. CEO Joseph A. Sullivan, who took the helm of the Baltimore-based...
Tags: Proxy Filings, Corporate Officers, Legg Mason, Inc., Finance, New Products
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At 30, Charlestown Retirement Community comes of age
Engelina van Opstal remembers having a problem with the air conditioning in her apartment at Charlestown Retirement Community and calling for someone to come repair it. "John came," van Opstal recalled Thursday, "and he got it working." That would...
Tags: Bankruptcy, Religious Education, Colleges and Universities, Interior Policy, University of Maryland Baltimore County
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Joseph Haskins Jr. navigated Harbor Bank of Maryland through tough times
At one point during the three years that Harbor Bank of Maryland operated under heightened federal scrutiny, a regulator asked CEO Joseph Haskins Jr. why he stuck it out. Why not just retire? But for Haskins, one of the founders of the Baltimore bank in...
Tags: Business Enterprises, Colleges and Universities, Interior Policy, Finance, Morgan State University
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Jos. A. Bank first-quarter earnings fall 45 percent
Jos. A. Bank Clothiers Inc. said Wednesday its first-quarter earnings slid 45 percent as store sales slowed, inventory costs rose and the men's apparel chain sold more items at clearance prices. Earnings of 29 cents per share for the three months that...
Tags: Inventories, Advertising, Jos. A. Bank Clothiers Inc., Earnings, Quarterly or Semiannual Financial Statements
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Legg Mason Inc. expands board by adding two directors
Legg Mason Inc. has expanded its board of directors, adding two independent members, the Baltimore based money manager announced Thursday. Joining the board are John V. Murphy, a formerly of Korn/Ferry International, and John H. Myers, a retired...
Tags: Corporate Officers, Legg Mason, Inc.
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Unfair fuel standard leaves a bad taste
Whether you're barbecuing in Baltimore, in Bel Air or on the bay this Memorial Day, you will pay more for staple foods because our federal government continues to pit food versus fuel. Thanks to an unworkable federal energy policy, prices for animal...
Tags: Conservation, Bankruptcy, U.S. Environmental Protection Agency, Renewable Energy, Ethanol
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To keep corporations here, fix the tax code
The report of Apple avoiding corporate income taxes the past four years signals it's time to overhaul the U.S. corporate tax code. Like many multinationals with strong intellectual property, Apple legally earns nearly all of its income offshore. The U....
Tags: Robert H. Smith, Credit and Debt, Migration, Taxation, Credit Ratings
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Making it new in Maryland
Would it surprise you to learn that Fast Company magazine just ranked Maryland the third-most innovative state in the nation? Or that Maryland took the U.S. Chamber of Commerce's No. 1 spot for both innovation and entrepreneurship? It's a fact: In our...
Tags: Ciena Corporation, Colleges and Universities, University of Baltimore, Computing and Information Technology Industry, Software Industry
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Jos. A. Bank Clothiers' CEO earned $2.9 million in 2012
Jos. A. Bank Clothiers Inc.'s top executive, R. Neal Black, earned $2.9 million last year, a decrease from the $4 million in compensation Black earned in 2011, the Hampstead-based men's apparel retailer said. Executive compensation for CEO Black, who...
Tags: Corporate Officers, Jos. A. Bank Clothiers Inc., Earnings
Jun 13, 2013
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May 20, 2013
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