An $8.5 billion merger of dollar stores to create North America's biggest discount chain could mean stiff competition for mass discounters such as Wal-Mart Stores Inc. but less choice and higher prices for shoppers.
Jos. A. Bank Clothiers Inc., likely a few weeks away from finalizing a $1.8 billion deal to be acquired by Men's Wearhouse, posted a $37.1 million first quarter loss stemming from merger-related expenses.
Tribune Company wants to find a partner to develop about 37 acres of unused land in Port Covington next to the Baltimore Sun printing plant, part of a broader push to make money from real estate holdings.
Berkshire Hathaway's expansion of its residential brokerage is an example of broader consolidation in residential real estate, as the industry works to right itself after the recession and capitalize on changes wrought by the Internet. Despite changes for brokerage firms, analysts said it's also a vote of confidence that the real estate agent – and the standard agent commission extracted from each sale – is here to stay.
A paper-thin sheet of polyester thousands of feet long was running nearly five miles an hour through a coating machine, filling the space at Elkridge Coating Technologies on Monday afternoon with a steady, low hum. It's the sound of chances taken, a business saved.
The new plan would concentrate 2,100 residential units, a 250-key hotel, 203,000 square-feet of retail, up to 4,360 parking spaces and 225,000 square-feet of civic uses – which would include a new county library, state-of-the-art swim center, conference center and concert hall – directly south of Merriweather Post Pavilion. In addition, the developer also plans to build 1,125,000 square feet of general and medical office space in three plots west of the pavilion.
They both sell suits, but in consumers' minds Jos. A. Bank Clothiers and The Men's Wearhouse are distinct brands. That's an advantage that the two biggest menswear chains should strive to keep as they join forces in a $1.8 billion deal, retail experts said.
The proposed merger between Comcast and Time Warner highlights the vast gap between the imagined world the broadband industry's critics and the real world in which these companies must compete. The companies that use the broadband Internet are making six to eight times the margins of the allegedly monopolistic companies who provide it — the exact opposite of what you'd see if the price gouging accusation was real.
Men's Wearhouse said Friday it is ready to meet with Jos. A. Bank Clothiers Inc. to discuss a merger, a day after Hampstead-based Bank said it's willing to hear how much more the larger chain would boost its acquisition bid.
It was about nine months ago, during Howard County's Business Appreciation Week, that County Executive Ken Ulman learned Columbia-based AirPatrol Corporation was thinking about relocating. His reaction was immediate, according to Guy Levy-Yurista, chief technology officer for AirPatrol.
By By Katie V. Jones and Baltimore Sun Media Group
As the prospect of a $1.6 billion merger between Jos. A. Bank Clothiers Inc. and Men's Wearhouse dimmed, investors retrenched Monday morning, pushing down shares of both retailers much more than the broader market decline.
Just as its offer was rejected, Jos A. Bank Clothiers Inc. rejected the $1.2 billion turn-table acquisition bid by The Men's Wearhouse Inc. on Monday, but most observers still believe a merger is inevitable.
Upper Chesapeake Health officially merged with the University of Maryland Medical Systems this week, changing its name to "University of Maryland Upper Chesapeake Health" and effectively ending local control of the longtime hospital institution in Harford County.
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 heading for a full shutdown.
Sysco Corp will buy US Foods Inc., a former Columbia-based company, for about $3.5 billion from its private equity owners in a deal that will combine the top two U.S. food distributors and create a company commanding at least a quarter of the $235 billion North American market.
Jos. A. Bank Clothiers Inc. withdrew its $2.3 billion offer for Men's Wearhouse on Friday, but left the door open for future merger talks. Meanwhile, Men's Wearhouse's largest single shareholder called a special shareholders meeting to consider removing directors from the retailer's board.
Penn National Gaming Inc. took another step Thursday toward being able to bid for a casino license in Prince George's County after Maryland gaming officials approved a corporate restructuring for the owner of Hollywood Casino Perryville.
Exelon gave about $7 million to Maryland charitable causes in the 12 months since it acquired Baltimore's Constellation Energy Group, the same as Constellation had in recent years. That was the deal — literally.
Mayo A. Shattuck III, who helped sell two Baltimore institutions to out-of-state concerns and ran the region's energy firm for a volatile decade, has retired from the parent company of Baltimore Gas and Electric Co.
Bankrupt RG Steel's unsecured creditors are seeking permission to go after Ira Rennert — the billionaire whose company created RG to buy Sparrows Point — for allegedly worsening the steel mill owner's situation for his own benefit.
The unpaved street winds up a steep, rocky hill to a "shell of a hospital." It's a concrete structure without any patients, said Shirley Matlock, a member of Glen Mar Methodist Church, in Ellicott City. Construction supplies, tile and paint occupy most of the rooms
The state outlined Friday how it proposes to spend the $113.5 million that Exelon Corp. agreed to put in a "customer investment fund" as part of its merger with Baltimore Gas and Electric Co.'s parent.
Baltimore Gas and Electric Co. plans to submit a case to Maryland regulators by the end of the year that would allow it to raise its electric and naturak gas distribution rates, Chicago-based Exelon Corp., the utility's new owner, said Thursday.
Green Spring Tower Square shopping center in Hampden is repositioning itself to attract national tenants, now that it has Giant has an anchor, says Mark Manzo, whose family owns the center. Manzo also says he wants to be a partner in redevelopment of the Rotunda and the building of 25th Street Station. And he hopes to get the on-again, off-again Skyview condo development off the ground, on land that overlooks the center, and that that project is closely linked with the repositioning of the
Chicago-based Exelon Corp. reported Friday a 70 percent drop in quarterly profit due to warmer-than-normal winter weather, lower power prices and costs related to the acquisition of Constellation Energy Group.
Human Genome ultimately rebuffed a $2.6 billion offer by biopharmaceutical giant GlaxoSmithKline Plc, saying it was too low – though it has put itself on the market. Catalyst agreed to be acquired by a larger Illinois competitor for $4.4 billion.
Even after Stanley Black & Decker shareholders rejected the tool and security company's executive pay plan last spring, the company paid Nolan D. Archibald, its chairman and the former CEO of Black & Decker, a total of $64.4 million in 2011.
Constellation Energy Group, Baltimore's last Fortune 500 company, also settled a federal investigation into market manipulation as Chicago-based Exelon Corp. closed its $7.9 billion takeover on Monday.
Maryland's largest public research campuses will share a school of public health, collaborate on new programs in Montgomery County and make joint efforts to convert research to business as part of a strategic alliance approved Thursday by the state university system's governing board.