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Baltimore-area housing market sees bidding wars return as buyers' choices shrink
David D. Igla lost out on three Ellicott City homes in the past few months before he finally beat the competition and had an offer accepted.
What kind of so-called buyer's market is this, he wondered?
Some houses zip off the market —...Tags: Mortgages, Real Estate Sellers, Homes, Auction Service, Crossroads
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FTI Consulting's stock falls on first-quarter earnings miss
FTI Consulting Inc.'s stock price hit a 12-month low Wednesday after the business services company fell short of financial analysts' expectations for first-quarter earnings. The company, which has its corporate headquarters in Baltimore, said it earned...Tags: FTI Consulting Inc., Stock Market, Companies and Corporations
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Budget boutiques aim for high-fashion and low prices
Christie Griffiths left behind her New York City life — working with fashion lines like Diane von Furstenberg, Nanette Lepore and Rag & Bone — and opted to cater to more cost-conscious consumers in Baltimore. She opened Brightside Boutique and...
Tags: Consumers, Nanette Lepore, Business, Media Industry, Fashion Shows
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Consolidation wave poised to hit state's health care services, biopharma sectors
Like a one-two punch, two major Maryland employers in the health care service and pharmaceutical industries were the targets last week of multibillion-dollar acquisition deals. Both homegrown companies — Human Genome Sciences Inc. and Catalyst...Tags: Benlysta (drug), Express Scripts Incorporated, AstraZeneca Plc, Chemicals, Stock Market
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Copper theft seen as statewide problem, despite new law
They've robbed graves and construction sites, churches and schools. They've taken downspouts, statues from bases and ordinary pipes right out of the walls. Even a new state law designed to curb these scrap metal thieves seems to barely slow them down....
Tags: Criminals, Maryland General Assembly, Property, Executive Branch, Verizon Communications
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Apple sparks renewed interest in dividend-paying stocks
Apple made headlines again last week, but this time they weren't entirely about the new iPad.
The tech behemoth announced that it would start paying a quarterly dividend worth $2.65 per share beginning in July. That amounts to nearly $10 billion to be...Tags: Money and Monetary Policy, Charles Schwab, PepsiCo Inc., Finance, Stock Market
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McCormick seeks to make more overseas acquisitions
Spice maker McCormick & Co. plans to make more acquisitions, especially in emerging markets in Eastern Europe and Asia, where sales are expected to account for 13 percent of the firm's overall revenue this year, the company's chief executive officer and...Tags: Mergers, Acquisitions and Takeovers, Pikesville, Annual and Special Corporate Meetings, Hinduism, Emerging Market
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Boutique brands
The moment she spotted the suede purple-and-cobalt heels by Jeffrey Campbell, Lindsay Hall fell in love. When she learned that the shoe was designed in collaboration with Hampden boutique Ma Petite Shoe, the lure of exclusiveness sealed the deal. "I...
Tags: Missoni, Europe, Versace, Mount Vernon, Marketing
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Constellation $245M settlement for trading is largest ever
The $245 million settlement that Baltimore's Constellation Energy Group agreed to pay is the largest of its kind to resolve allegations of market manipulation with the Federal Energy Regulatory Commission. Details of the settlement emerged Monday, the...Tags: Layoffs and Downsizing, Civil and Public Service, Energy, Job Layoffs, Stock Market
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O'Malley should call a gas tax special session
Imagine that next week the price of a gallon of gasoline in Maryland went up a nickel or so. This shouldn't be too difficult a stretch the way gasoline prices have been rising in recent months. It may go up two cents or six, or it may stay about the same....Tags: Annapolis, Upstream Oil and Gas Activities, Public Transportation, Commuting, Newt Gingrich
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New thinking for city finances
City finances have long been under pressure, but the Great Recession and steady attacks on federal and state spending have compounded local financial difficulties. The National League of Cities' annual research brief, City Fiscal Conditions, documents...Tags: Business, Finance, Martin O'Malley, Economic Policy, Sales
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T. Rowe Price increases its quarterly dividend
T. Rowe Price Group increased its quarterly dividend to 34 cents per share, up from 31 cents, the Baltimore money manager announced Thursday. This is the 26th straight year that Price has increased its annual dividend since the company went public in...Tags: T. Rowe Price, T. Rowe Price Group Incorporated
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