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BUSINESS
By Natalie Sherman, The Baltimore Sun | May 28, 2014
Baltimore money manager T. Rowe Price announced Wednesday it has started a new fund focused on companies located in Asia to match investor interest in the increasingly important economic region. The new Asia Opportunities Fund will pick companies expected to provide predictable earnings over the long-term, Price said in the announcement. T. Rowe, which had more than $700 billion assets under management at the end of March, also operates the $3.8 billion New Asia Fund, but that 23-year-old fund picks companies based on potential earnings growth.
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BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | May 24, 2014
John Danko got his Baltimore company's first 3-D printer four years ago, and he said it's given him a front-row seat for a manufacturing revolution. In an office across the street from the foundry where Danko Arlington's molten metal flows, he prints out the industrial patterns he said he could no longer find skilled workers to do by hand. Employees designing products on computers use the technology to spit out prototypes more quickly. Some see in this the potential for a change as substantial as the Industrial Revolution - a different way of making things that could kick-start tiny operations, disrupt entire industries and literally transform the landscape.
NEWS
By Frederick N. Rasmussen, The Baltimore Sun | May 23, 2014
Lloyd G. Shackelford, a retired Chesapeake & Potomac Telephone Co. worker and a longtime Lutherville resident, died April 30 of complications from cancer at the Colorado State Veterans Home in Walsenburg. He was 94. The son of Lloyd Russell Shackelford, a building contractor, and Anna Guseman Shackelford, a homemaker, Lloyd Gay Shackelford was born and raised in Grafton, W.Va., where he graduated in 1937 from Grafton High School. Mr. Shackelford was an accomplished draftsman, but the Depression put an end to his dream of studying architecture.
NEWS
By Frederick N. Rasmussen, The Baltimore Sun | May 23, 2014
Charles C. "Chas" Stieff II, former executive vice president of the Kirk-Stieff Co. who had been active in civic affairs, died May 17 of heart failure at the Broadmead retirement community. He was 92. Charles Clinton Stieff II was born in Baltimore, the son of Gideon Numsen Stieff and Claire von Marees Stieff. In 1892, his grandfather, Charles C. Stieff, established the silversmith Stieff Co., which in 1979 merged with Samuel Kirk & Sons to form Kirk-Stieff Co. Mr. Stieff was raised on Ridgewood Road in Roland Park.
NEWS
May 23, 2014
If there is one criticism that is most consistently delivered by the opponents of Lt. Gov. Anthony G. Brown in his quest to replace Gov. Martin O'Malley, it is that he is a paragon of the status quo, the anointed son of an insular Democratic Party establishment. If he wanted to prove his critics' point, he could not have found a more damning way to do it than with his support for disgraced state Sen. Ulysses Currie for re-election. Mr. Currie is facing a spirited primary challenge in the 25th District in Prince George's County, which Mr. Brown used to represent in the House of Delegates.
NEWS
May 21, 2014
Faculty and students at the Johns Hopkins Carey Business School preparing to hear Visa CEO Charles W. Scharf speak at their graduation ceremony on Wednesday should be aware of his company's unsavory partnership with the National Rifle Association (NRA). Credit card giant Visa's affiliate program helps organizations market financial products to their members. Purchases made with the NRA Visa Card, however, also fund "legislative action in support of … Second Amendment rights. " In practice, this means Visa is helping to pay for lobbying against common-sense policies like background checks on gun buyers and for dangerous legislation that would force colleges and universities to allow gun on campus against their will.
ENTERTAINMENT
By Tim Smith, The Baltimore Sun | May 21, 2014
If you happen upon Happenstance Theater during the next few weeks, count on some good old-fashioned entertainment. The ensemble makes its local debut at the Baltimore Theatre Project with two family-friendly shows celebrating vintage circuses and clowns. "We have a tendency toward the nostalgic," says Sabrina Mandell, who serves as co-artistic director, business manager, performer and more. The company got its start in the Washington metro area by, well, happenstance. Mandell, a visual artist and former sailer aboard rigged schooners, met Mark Jaster, a student of mime legend Marcel Marceau, at a clown workshop in 2006 and the two hit it off - so well that they got married and launched their own theater troupe, Happenstance Theater.
BUSINESS
By Kevin Rector, The Baltimore Sun | May 21, 2014
The rideshare company Uber has launched services in Annapolis, despite having threatened to leave Maryland over potential regulatory changes. The company, which connects users of its smartphone app to drivers looking for fares and handles all associated transactions electronically, already operates in Baltimore. It opened all its services - uberX, UberBlack and UberSUV - to the Annapolis market Wednesday. Shwetha Rajashekara, Uber's general manager for Maryland, said the company has watched interest in its app grow in Annapolis and thought this weekend, with Naval Academy events underway, would be a good time to launch in the state capital.
BUSINESS
By Scott Dance, The Baltimore Sun | May 20, 2014
A Massachusetts company building a high-speed fiber network has added a 270-mile segment into the Baltimore area, while the City of Westminster is launching a high-speed network of its own. Lightower Fiber Networks expanded its network to include Baltimore and parts of Baltimore, Howard and northern Anne Arundel counties, officials said Tuesday. The network extends to the Washington, D.C., area and Northern Virginia, connecting through Montgomery and Prince George's counties, as well.
BUSINESS
By Scott Dance, The Baltimore Sun | May 14, 2014
Putting his money where his job is, Millennial Media CEO Michael Barrett spent $1 million to buy company stock less than week after a grim earnings report sent its share price tumbling. Barrett's purchases helped boost the Baltimore-based mobile advertising company's stock Wednesday, when it closed up 27 cents a share at $3.82 each. Barrett bought 140,000 shares at $3.43 apiece Monday and 151,000 shares at $3.46 apiece Tuesday, according to a Securities and Exchange Commission filing.
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