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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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NEWS
By Geoff Manne | May 14, 2014
If you happen to own a computer, television or other streaming device, you've probably heard that Netflix recently reached an agreement with Comcast to facilitate the delivery of its videos to Comcast customers. You've probably also heard that the chairman of the Federal Communications Commission has circulated new "net neutrality" rules to govern how traffic moves across the so-called "last mile" connection between an Internet Service Provider (ISP) and your home. What do these have to do with each other?
NEWS
By Carrie Wells, The Baltimore Sun | May 10, 2014
The family of a boy killed after a natural gas explosion has sued Baltimore Gas and Electric Co., alleging that it ignored its failing pipes that leaked the gas and triggered the explosion. Troy Douglas, 8, was killed in February as he was walking home from William Paca Elementary School. A gas explosion inside an end-unit rowhouse blew out about three-quarters of its side wall, sending bricks and debris into the street and triggering a large fire. The boy's body was found crushed underneath a section of the wall, city Fire Department investigators wrote in a report.
NEWS
By Anirban Basu | May 8, 2014
The sale of Thames Street Wharf in Baltimore to California-based KBS Realty Advisors represents a watershed moment for economic development in Baltimore. The sale establishes a record price for commercial realty in Charm City. KBS paid $341 per square foot, easily exceeding the previous Baltimore record established when 100 E. Pratt Street was sold for $316 per square foot in 2005. But the sale represents much more than a one-time milestone. It reveals much about Baltimore's economic future, and the news is shockingly positive.
BUSINESS
By Lorraine Mirabella, The Baltimore Sun | May 7, 2014
The number of women on corporate boards in Maryland increased last year, and for the first time, all businesses that joined the state's publicly traded companies had at least one woman board member, Network 2000 said in a report released Wednesday. The number of women on boards rose to 86 from 73 at the state's 76 publicly traded firms, the group said in its annual Census of Women Board Directors in Maryland. The number of women of color rose as well to 15 from 11. The increase is encouraging, "especially when one considers that for several years there has been little progress," said Katherine Bays Armstrong, president of Network 2000, a local group that works to increase the number of women in boardrooms and executive suites, in the report's introduction.
BUSINESS
By Ian Duncan, The Baltimore Sun | May 7, 2014
A Florida supplements company that calls its products Inner Armour is violating Under Armour's trademarks, the sportswear manufacturer alleged in a federal lawsuit filed Tuesday. In a complaint illustrated with pictures of the allegedly offending products, Under Armour says the supplements company has been mimicking its advertising videos and in some cases dressing models in a mix of Inner Armour-branded clothes and Under Armour gear. "As a result of defendant's use of Inner Armour in connection with its products, activities, and promotions, consumers are likely to believe defendant and/or its products are made, approved, or licensed by Under Armour," the company's lawyers wrote.
NEWS
By Jacques Kelly, The Baltimore Sun | May 7, 2014
Richard Bankerd, a hairstylist who owned a salon and competed in major industry competitions, died of lymphoma May 2 at Gilchrist Hospice Care in Towson. A resident of the Mayfield section of Northeast Baltimore, he was 71. "He had trophies that are taller than I am," said Jacqueline Cody, a Towson resident and former Towson Town Center beauty shop owner. "He was excellent, a top stylist. His customers were devoted to him. He just knew what to do. " Born in Baltimore, he was raised on Aiken Street and later lived in Hamilton.
NEWS
By Barbara Pash | May 7, 2014
It's the middle of the afternoon in the middle of the week, and all is quiet at the office park off Red Run Boulevard in Owings Mills. A white truck sits by the parking lot entrance. Next to it is a folding table stacked with packages of food, labeled and ready for pickup. Friends & Farms, the alternative food company headquartered in Columbia, is expanding. In late March, it opened two new pickup locations in Baltimore County: one in Owings Mills and the other in Pikesville. "We keep track of requests.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | May 6, 2014
Hedwin Corp. will be auctioned off Friday as two bidders vie for the Baltimore maker of plastic containers. The company - which sought Chapter 11 bankruptcy protection last month - received a qualified bid from New Jersey-based Inteplast Group, according to attorney Alan Grochal, who represents Hedwin. Inteplast, which makes plastic products, declined to comment. The initial bidder is Fujimori Kogyo Co., a Japanese company that offered $16.5 million for Hedwin and indicated that it intends to retain all 300 employees.
HEALTH
By Andrea K. Walker, The Baltimore Sun | May 5, 2014
Attorney General Douglas F. Gansler has sent letters to 10 e-cigarette manufacturers questioning what the companies are doing to prevent sales to underage buyers. The letters come as the safety and regulation of the devices face increased scrutiny. The makers of e-cigarettes say the devices are safer than traditional cigarettes and can help smokers quit, but reports of poisonings related to the products have spiked. The U.S. Food and Drug Administration recently said it is seeking regulatory authority over the devices.
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