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Former Constellation CEO Shattuck retires from Exelon — but remains on its board
Mayo A. Shattuck III, who coordinated the sale of two Baltimore institutions to out-of-state concerns and ran the region's power company for a volatile decade, has retired from the parent of Baltimore Gas and Electric Co. Chicago-based Exelon Corp. didn'...
Tags: Travis Miller, Mayo A. Shattuck III, Investment Service, Sales, Interior Policy
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Court's help sought in case of stolen Renoir painting
A federal court in Virginia was asked Friday to determine the proper ownership of a miniature landscape painted by Pierre-Auguste Renoir and purchased for $7 in a box of odds and ends in a rural flea market. The complaint filed in U.S. District Court for...
Tags: Justice System, Alexandria (Alexandria, Virginia), Unemployment, The Washington Post, Museums
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Reisterstown: Chamber reorganizes, Brian Ditto leaves executive director position
At the close of 2012, the Reisterstown-Owings Mills-Glyndon Chamber of Commerce announced its plans to reorganize and restructure in an effort to "seek new directions and revitalize the organization." As such, the executive committee plans to take a...Tags: Corporate Officers, Reisterstown, Libraries, Loyola University Chicago, Pikesville
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KEYW says 2012 profits rise to $1 million
KEYW Holding Corp., a Hanover cybersecurity company, said Wednesday that it had $1 million in profit last year, nearly double its profit of $535,000 in 2011. The company reported $243.5 million in revenue last year, up 28 percent from $190.6 million the...
Tags: Earnings
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Former Dell president to head Micros Systems
The former president of Dell Inc.'s IT services division has been elected CEO by the board of directors of Micros Systems Inc., a Columbia-based provider of information technology solutions for the hospitality and retail industries, the company...Tags: Perot Systems Corporation, Corporate Officers, Consumer Goods Industries, Computing and Information Technology Industry, Dell Inc.
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Under Armour beats projections, charts aggressive course for 2013
Under Armour CEO Kevin Plank, bolstered by fourth-quarter and year-end revenue numbers that exceeded projections, made bold promises about the future of his Baltimore-based company during its fourth-quarter earnings call Thursday.
Amid a reorganization...Tags: Marketing, Advertising, Kevin Plank, Quarterly or Semiannual Financial Statements, Under Armour Inc.
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Sinclair Broadcast says profits soared in fourth quarter
Sinclair Broadcast Group Inc. said profits soared in the fourth quarter, capping a presidential election year in which the Hunt Valley TV station owner saw record levels of political advertising, a rebound in auto advertising sales and rapid growth...
Tags: Television Stations, Media Industry, Manufacturing and Engineering, Advertising, Earnings Forecasts
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W.R. Grace adjusts asbestos-related settlement costs to $2 billion
Chemical maker W.R. Grace & Co. said Thursday it will adjust the estimated cost of settling its asbestos-related liabilities to $2 billion from the previous estimate of $1.7 billion. The increase reflects higher estimated values of a common stock warrant...Tags: Earnings, Financially Distressed Companies, Bankruptcy
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'Wage theft' prevails in post-recession economy
Behind the counter at a convenience store in Princess Anne, Elvira Orellana worked 72 hours a week, making sandwiches, cleaning the kitchen and ordering the ingredients to prepare oxtail, curry chicken and cheese steaks. Her employer paid her $648 a week...
Tags: Justice System, Employment, Employment Opportunities, Sales, Bankruptcy
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RG Steel creditors withdraw request to sue Rennert
Unsecured creditors in the RG Steel bankruptcy case withdrew Friday their request to sue the company's billionaire founder. The Official Committee of Unsecured Creditors had in January asked the U.S. Bankruptcy Court in Wilmington for permission to go...
Tags: Pension and Welfare, Interior Policy, The Renco Group, Inc., Finance, Guaranty Corporation
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Legg Mason reports loss of nearly $454 million
Legg Mason Inc. reported Friday a $453.9 million loss for the third quarter, following a previously announced $734 million writedown of certain assets. On a per-share basis, the Baltimore-based money manager lost $3.45. For the corresponding quarter a...
Tags: U.S. Securities and Exchange Commission, Stock Market, Corporate Officers, Quarterly or Semiannual Financial Statements, Citigroup Incorporated
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Pension agency sues Renco Group over RG Steel deal
The federal Pension Benefit Guaranty Corp. is suing the Renco Group — parent of bankrupt RG Steel — for allegedly attempting to "evade liability" for the steelmaker's pension obligations. The agency is seeking $97 million from the New York...
Tags: Bethlehem Steel, Trials, Pension and Welfare, Interior Policy, Finance
Mar 15, 2013
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Jan 29, 2013
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