Annual utility bills likely to rise an average of $100
BGE rates to go up 5.5%
Baltimore Gas and Electric residential customers will pay an estimated 5.5 percent more for electricity starting in June, largely as a result of federal rules that are driving wholesale energy prices higher. The increase will add about $100 to the average customer's annual utility bill.
CoGenesys being sold
CoGenesys Inc. is being sold for $400 million to Teva Pharmaceutical Industries Inc., an Israeli company that specializes in generic drugs. Mark A. Rampy, chief business officer for CoGenesys, said that Teva planned to "keep people in place here in Rockville."
Karibu Books closing
Karibu Books, which started as a kiosk specializing in books for African-Americans, but over the years transformed into a six-store chain, is going out of business after 15 years. The chain offered a place where African-American authors could promote their books.
Human Genome falls
Shares in Human Genome Sciences Inc., a Rockville biotech company that has yet to get a drug on the market, plummeted to their lowest level since 1995 Wednesday after the company disclosed that a promising drug showed serious side effects in a clinical trial.
'Work force' housing plan
A "work force" housing project of 99 townhouses and condominiums has been proposed for a vacant lot near the B&O; Railroad Museum in Baltimore's Washington Village. New City Partners plans a mix of housing types and price ranges, some for working-class families.