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By Jamie Smith Hopkins, The Baltimore Sun | March 31, 2011
Laurel Park lost $6.9 million between May and December while Pimlico Race Course made $20,000, its operator reported Thursday. The Maryland Jockey Club reported earlier in March that the thoroughbred racing tracks lost more than $14 million combined in 2009. Its newly reported figures were for only part of 2010. Its then-owner was still in bankruptcy protection in the first few months of the year. jamie.smith.hopkins@baltsun.com twitter.com/realestatewonk
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NEWS
By Michael Dresser and The Baltimore Sun | September 25, 2014
Maryland is now facing a $405 million revenue shortfall over this year and next, largely the result of sluggish job growth, stagnant incomes and a weak housing market, state officials reported Wednesday. Five years after the official end of the recession, Maryland continues to confront fiscal trouble. This latest shortfall will force Gov. Martin O'Malley's administration and the General Assembly to make deeper cuts than previously expected to balance the state's roughly $40 billion budget.
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SPORTS
By Jamison Hensley and Baltimore Sun reporter | December 14, 2009
A cold and rainy afternoon at M&T Bank Stadium turned into a perfect day for the Ravens. On the legs of Ray Rice, the Ravens ran over the Detroit Lions, 48-3, on Sunday and gained ground in the AFC playoff race.Doing his best Barry Sanders imitation against the lowly Lions - a comparison made by Ray Lewis - Rice busted through arm tackles, stiff-armed defensive backs and stutter-stepped around defenders in the open field, totaling a career-best 219...
NEWS
By Michael Dresser and The Baltimore Sun | September 14, 2014
Hiring by Maryland's largest employer — the federal government — has fallen by more than 40 percent nationally over four years, and the state's job market is feeling the pain. Years of tightening budgets have brought federal hiring to the lowest levels in at least a decade. And each month for more than a year, Maryland has posted a decrease in federal employment from the previous year, creating a drag on overall employment. The decline in federal jobs has been a major contributor to Maryland's spotty employment performance in recent months.
BUSINESS
By Ted Shelsby and Ted Shelsby,Sun Staff Writer | August 23, 1994
PHH Corp. reported a 12 percent increase in first-quarter earnings yesterday -- the company's 11th consecutive quarterly gain -- and the chairman predicted similar growth for the remainder of the decade.But the stock market seemed to care less. PHH shares closed at $36.875, up only 12.5 cents in New York Stock Exchange trading."I would have expected a little more favorable reception to these numbers," Alex Hart, an analyst who follows PHH for Ferris Baker Watts, said after the company reported a first-quarter net income of $16.5 million, up from $14.8 million in the same period last year.
BUSINESS
By Bloomberg Business News | April 22, 1994
PITTSBURGH -- Westinghouse Electric Corp., which had warned Wall Street last month that first-quarter earnings could fall to 4 cents a share, surprised many analysts yesterday by posting better results.Westinghouse posted net income of $36 million, or 7 cents a share, compared with a profit before special items of $59 million, or 14 cents, a year earlier. Wall Street had expected Westinghouse to earn about 5 cents a share, according to Zacks Investment Research.Several analysts said they were encouraged by the earnings surprise because Westinghouse is still struggling to recover after three consecutive years of losses caused by defense cutbacks and the company's disastrous foray into financial services.
BUSINESS
By Bloomberg Business News | July 25, 1995
NEW YORK -- U.S. stocks posted their biggest gain in almost two weeks yesterday, fueled by higher prices for technology, oil and bank companies and a string of better-than-expected earnings.Investors returned to technology stocks only a few days after being scared off by disappointing news from Intel Corp., Microsoft Corp. and Apple Computer Inc.Meanwhile, Chevron Corp., Atlantic Richfield Co., Dean Witter Discover & Co., Union Carbide Corp., Kimberly-Clark Corp., Stone Container Corp. and Black & Decker Corp.
BUSINESS
By Bloomberg Business News | October 11, 1994
NEW YORK -- U.S. stocks rose yesterday for a second day amid rebounds in some of last week's biggest laggards, automakers and semiconductors.Trading was the slowest in five weeks because of the Columbus Day holiday. About 215 million shares changed hands on the New York Stock Exchange, down from 284 million on Friday and the fewest since 200 million traded on Sept. 6, the day after Labor Day.The market's advance came amid expectations that the next few weeks will bring reports of vigorous third-quarter profit growth.
FEATURES
By Michael Hill | January 22, 1991
LOS ANGELES -- "I think it's been CNN's finest hour" was the evaluation of Tom Johnson, the Cable News Network's relatively new president, in an interview about 48 hours into the coverage of war in the Persian Gulf.There is, of course, no doubt that CNN made giant strides into the consciousness of the American public, gaining millions of new viewers, not only with its live broadcast from Baghdad the night the bombing began, but also with its very essence, the all-news, all-the-time approach that makes it the channel to turn to when a crisis like this breaks.
BUSINESS
February 8, 2004
Dear Mr. Azrael: We purchased a house in Prince George's County on Jan. 15, 1999, for $65,000. On Feb. 2, 2001, we went to settlement on our current residence and [use] it as a primary residence. At that time, the Prince George's house became a secondary residence. On Aug. 28, 2003, we sold the Prince George's house for $142,000. How should we treat the sale of the house for tax purposes? Dan and Penny McGrath Berlin Dear Mr. and Mrs. McGrath: You are allowed to exclude gain on the sale of your home if you lived in the property as your main home for at least two years during the five-year period ending on the date of sale.
HEALTH
By Meredith Cohn, The Baltimore Sun | August 22, 2014
The dominant carrier on Maryland's health exchange, CareFirst BlueCross BlueShield, will raise premiums beginning in January, though not nearly as much as the company wanted, state regulators announced Friday. CareFirst won approval to raise rates as much as 16 percent on the three plans it offers, while the Maryland Insurance Administration agreed to reduced rates requested from the three other companies that sell policies on the exchange — Evergreen Health Cooperative, Kaiser Permanente and UnitedHealthcare's All Savers Insurance Co. The companies made their pitches, and won approvals, based on information from the first open enrollment on the state's exchange, formed under the federal Affordable Care Act. The rates would not apply to most Marylanders, who get health insurance through their employers.
NEWS
By Chris Soto | August 11, 2014
Every so often, there is reason to cheer a little louder both within the gates of the U.S. Coast Guard Academy in New London, Conn., and 350 miles down Interstate 95 at the U.S. Coast Guard headquarters in Washington, D.C. This year, the academy had a banner admissions class, enrolling 256 highly qualified, bright-eyed cadets who took their oaths of office under a beautiful New England summer sky on June 30th. The group, not including international cadets, boasts an average GPA of 3.87 and includes 214 varsity letter earners, numerous class presidents and many other talented young people who will lead our great nation into the next generation.
ENTERTAINMENT
By Karen Nitkin, For The Baltimore Sun and By Karen Nitkin, For The Baltimore Sun | July 30, 2014
When Edward Bosco and Marianne Kresevich decided to open a pizza restaurant, they didn't choose his hometown of Brooklyn, N.Y. And they didn't pick Chicago, where they were living at the time. Instead, the husband and wife moved to Baltimore and opened Verde in Canton. "We felt differentiating ourselves would be easier in Baltimore," says Bosco. Their rustic-chic restaurant, which opened in 2012, is among a handful of places that are bringing higher-quality pizza to the region. Without a pizza shop on every corner, entrepreneurs in Baltimore see room to carve out their own slice of the action, offering pies that meet a growing pizza sophistication.
ENTERTAINMENT
By David Zurawik and The Baltimore Sun | July 25, 2014
Comedy Central today renewed "Drunk History" for a third season. The series, which features drunken performers recounting stories from our national past, is created by Lutherville native Derek Waters. This past week's epsiode featured three tales from Baltimore's past. Through the first four epsiodes of Season 2, the series' viewership is up 26 percent among adults 18-49. It's up 17 percent among all viewers. In its timeslot, Tuesdays at 10 p.m., it is the highest-rated original series in TV with men 18-34 years of age. Last season, "Drunk History" averaged one million viewers a week.
BUSINESS
By Scott Dance and Jamie Smith Hopkins, The Baltimore Sun | July 18, 2014
Summer's arrival brought Maryland a slight uptick in unemployment despite a larger-than-normal employment bump in June, but it also contributed to significantly more job losses in May than previously thought, state labor officials said Friday. Maryland employers added 7,700 jobs last month, with the strongest gains in tourism-related industries, according to the U.S. Department of Labor. But the bureau revised May's losses to 6,800 jobs, substantially worse than preliminary estimates of 1,300 fewer jobs.
NEWS
By Jules Witcover | June 27, 2014
It's usual that an accusation against reporters comes from the political right, whether alleging they're in the tank for President Obama or that they're giving Hillary Clinton a free ride on the Benghazi terrorist attacks. But now a charge comes from the political left, passed on by a professional news kibitzer, Media Matters for America. Its website carries an article titled "By rehabilitating Iraq War boosters, is the press forgiving itself?" Eric Boehlert, a staff member, argues that in the latest military crisis in Iraq, some television reporters have gratuitously given airtime to Bush architects of the 2003 invasion to dump on Obama.
BUSINESS
By Michael Dresser and Michael Dresser,Staff Writer | October 9, 1992
American consumers might be gloomy about the economy, but they appear to be starting to shop their woes away.The nation's major retailers reported yesterday that September brought healthy sales -- robust enough that some analysts saw them as the first bluebird of an economic spring.Many companies, including some that had been stumbling along in recent months, posted double-digit year-to-year gains in stores that were also open in September last year.J. C. Penney, No. 4 in the industry, led the way among the nation's major retailers, as it has most of the year, with a 14.4 percent gain in comparable store sales.
NEWS
By Phillip McGowan and Phillip McGowan,SUN REPORTER | April 20, 2007
Fort Meade stands to gain about 22,000 jobs from a military expansion, according to a recently released Army study, an estimate that is thousands higher than a recent state report. The environmental impact study analyzing growth at the Army post in western Anne Arundel County showed that it will pick up 16,000 contractors and other federal employees in addition to the nearly 6,000 government workers it will gain as part of the base realignment and closure process, also known as BRAC. The report was the subject of a public hearing on the post Wednesday night.
SPORTS
By Eduardo A. Encina and The Baltimore Sun | June 15, 2014
After spending the majority of the season's first two months away from Camden Yards, the Orioles' 10-game homestand was their longest so far this year. And the four-game weekend series against the Toronto Blue Jays provided a valuable opportunity to cut the gap between themselves and the American League East division leaders. Even though it's only the middle of June and more than 90 games remain in the season, the Orioles' series split with the Blue Jays was an opportunity lost.
SPORTS
By Eduardo A. Encina and The Baltimore Sun | June 8, 2014
Designated hitter Nelson Cruz and catcher Matt Wieters continue to lead their respective positions in American League All-Star voting, according to fan balloting figures released Sunday night. Center fielder Adam Jones jumped from sixth to fourth among AL outfielders, and he is on the cusp of being one of the leaders at his position. The top three outfielders in votes start the game. Jones has 820,336 votes, trailing Blue Jays outfielder Melky Cabrera (1,096,784) for the third spot.
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