| Jan 6, 2014
| 4:52 PM
Men's Wearhouse moved Monday to pin Jos. A. Bank Clothiers in a corner with a hostile $1.6 billion bid for its smaller rival.
With the offer of $57.50 cash for each of Hampstead-based Bank's outstanding shares, Men's Wearhouse is bypassing the retailer's...
| Jan 8, 2014
| 3:45 PM
Macy's plans to lay off 2,500 workers and close five department stores this spring -- none in Maryland -- in cost cutting moves, the company said Wednesday.
While sales and profits have increased over four years, "we have identified some specific areas...
| Jan 10, 2014
| 3:00 AM
The owners of AccuPay, a Bel Air payroll services firm accused of failing to pay state and federal income tax withholdings for as many as 600 clients last year, are planning to sell their Bel Air home and its contents at auction next month.
| Dec 23, 2013
| 2:32 PM
Just as its offer to buy its rival was rejected, Jos A. Bank Clothiers Inc. spurned a $1.2 billion turn-table acquisition bid by Men's Wearhouse Inc. on Monday, but most observers still believe a merger is inevitable.
Responding to Men's Wearhouse's...
| Jan 11, 2014
| 12:18 PM
Consumers know Jos. A. Bank Clothiers for deals such as buy-one-get-two men's suits, but to residents of Hampstead, it's the good corporate citizen that spared the town as Black & Decker withered.
Now the northern Carroll County town faces the prospect...
| Jan 14, 2014
| 11:49 AM
A large shareholder that is pushing Hampstead-based Jos. A. Bank Clothiers Inc. to negotiate with suitor Men's Wearhouse plans to nominate two company directors at Bank's annual shareholder meeting.
Eminence Capital LLC, a New York hedge fund that...
| Jan 13, 2014
| 4:23 PM
A New York hedge fund's push to force Hampstead-based Jos. A. Bank Clothiers Inc. to negotiate with suitor Men's Wearhouse could make it more difficult for Bank to fight off the rival chain's $1.61 billion hostile takeover attempt.
Eminence Capital LLC,...
| Dec 10, 2013
| 3:41 PM
Plans to lay off 191 employees from the Saks Incorporated Distribution Facility in Aberdeen, announced earlier this month, will end up affecting about 70 percent of the facility's workforce and are raising questions among workers if the facility is...
| Dec 10, 2013
| 10:22 AM
Far from home in China's warm-weather Sichuan province, a delegation of business people and government officials braved unfamiliar snow for a tour of the Harry and Jeanette Weinberg Green House Residences in Stadium Place on Monday morning.
| Dec 11, 2013
| 2:30 PM
Worthington Industries warned state officials Wednesday that it will close its 54-employee steel processing plant in Essex next year, a move that follows the collapse last year of the nearby Sparrows Point steel mill.
"With the consolidation of the steel...
| Nov 7, 2013
| 3:28 PM
Men's Wearhouse disclosed Thursday that its largest shareholder has demanded the company negotiate with Jos. A. Bank Clothiers over the Hampstead-based retailer's acquisition offer.
New York hedge fund Eminence Capital, which owns 9.8 percent of Men's...
| Dec 7, 2013
| 7:50 PM
Although state officials have provided the public scant detail about the troubled launch of Maryland's version of Obamacare, emails and documents show that the project was beset behind the scenes for months by an array of technical issues, warring...