BUSINESS DIGEST

The Baltimore Sun

Construction begins on housing in Middle River

Construction has begun on Renaissance Square, a 196-home development in Middle River that includes senior housing, Baltimore County officials said yesterday. The developer, Enterprise Homes, has secured financing for the project, which will include 115 townhouses and detached homes priced from $225,000 to $375,000. Help with closing costs and down payments will be available on some homes. Evergreen, the senior housing component to be built by Bozzuto Construction, will include 81 one- and two-bedroom apartments. Enterprise and partner Mark Building Co. were selected by county officials last fall as the master developer of the 17-acre site on Back River Neck Road and Old Eastern Avenue, on the former site of Kingsley Park Apartments.

Lorraine Mirabella

Southwest begins testing in-flight wireless Internet

DALLAS: Southwest Airlines Co. has started testing wireless Internet access aboard one of its jets with plans to expand the test by early next month. Southwest said yesterday that the test will last a few months and eventually include four aircraft. During the test, passengers will be able to log on free using their own laptop or smart phone - cellular technology won't work. Spokesman Paul Flaningan said Southwest hasn't decided how much to charge after the test ends. Southwest is waiting for approval from the Federal Communications Commission to offer service beyond the trial. Airlines are rushing to add Internet service on flights to raise revenue and give passengers something else to do. Dallas-based Southwest is using technology from Row 44 Inc., which provides Internet service through a broadband satellite link. American Airlines and other carriers are using technology that connects Internet users through ground-based signals. Southwest said it is working with Yahoo Inc. to offer a home page with "destination-relevant content" during the flight.

Associated Press

Live Nation, Ticketmaster confirm merger plans

LOS ANGELES : Concert promoter Live Nation Inc. and ticketing giant Ticketmaster Entertainment Inc. confirmed their merger plans yesterday and got right to work addressing antitrust concerns that have taken center stage. Ticketmaster Chairman Barry Diller, to be chairman of the new company, which would be called Live Nation Entertainment, sought to dispel the notion that the deal would lead to higher ticket prices. "Artists set the prices," he said, without mentioning the ticket surcharges Ticketmaster relies on for much of its revenue. Under the deal, Ticketmaster shareholders would receive 1.384 shares of Live Nation stock for each share of Ticketmaster they hold. Live Nation Chief Executive Michael Rapino would be the new company's CEO. The companies estimated the value of the combined business at $2.5 billion and said the deal would help them save about $40 million annually. If it gets approval by antitrust authorities, the companies hope to complete the merger in the second half of the year.

Associated Press

Copyright © 2021, The Baltimore Sun, a Baltimore Sun Media Group publication | Place an Ad
64°