NEWS
By Andrea K. Walker | September 7, 2008
You're vacationing in the Bahamas with your girlfriends when the charming man in the flowered shirt comes by with offers of a free bottle of rum, breakfast and access to exclusive beachfront property for the day. All you have to do is tour a time-share resort that just opened on the island. You're intrigued by the prospect and find yourself in a luxury resort seated next to a salesperson trying to persuade you to buy a unit at the property. He promises a deal you can get only for that day. You're tempted by the thought of being able to visit the pristine piece of beachfront property every year.
NEWS
By Childs Walker | May 20, 2008
Attendance and betting at the Preakness hit five-year-lows on Saturday, and fewer people watched on television than last year. Does this signal a worrisome decline in business for Maryland's signature race or did a sluggish economy and the anticipated dominance of Big Brown lead to a one-year blip? Magna Entertainment Corp. officials and industry analysts say that the numbers weren't down enough to raise long-term questions about the health of the Preakness. Magno owns Pimlico. The crowd of 112,222 and the betting handle of $73,457,510 were both fifth best in the event's 133-year history.
NEWS
By Paul Adams | September 10, 2006
While a panel of judges continues to deliberate the fate of the Public Service Commission, the clock is ticking on the agency's mandate to study ways to revamp Maryland's electric regulations to make power cheaper for the state's residents. Industry experts say potential fixes range from having utilities buy long-term power contracts through competitive energy auctions to building power plants that would fall under old-style state regulation. Though opinions are as varied as the potential solutions, consumer advocates say everything should be on the table as regulators look for ways to undo mistakes that may have contributed to a 72 percent rate increase for customers of Baltimore Gas and Electric Co. this year.
NEWS
By PAUL ADAMS | April 12, 2006
From their choreographed handshakes to their matching dark suits and red ties, chief executives for Constellation Energy Group and Florida-based FPL Group Inc. gave all indications last Dec. 19 that they were in control of their destinies. The two companies announced a proposed merger at the Waldorf Astoria in New York to a welcoming audience of industry analysts. And they put plenty in the deal to win the hearts of civic leaders and politicians back home - from a pledge to keep dual headquarters to a promise to maintain historic levels of philanthropic giving for 10 years.
NEWS
By Paul Adams | September 23, 2005
Oil industry experts say energy prices are likely to bounce back upward this weekend as Hurricane Rita charts an uncertain path toward the Houston area, which is home to more than a quarter of the nation's already beleaguered refining industry. For the second time in a month, gasoline futures climbed and natural gas prices hit new highs as oil companies abandoned hundreds of rigs in the Gulf of Mexico and shut down refineries that feed a pipeline that carries a majority of the Baltimore area's fuel.
NEWS
By Paul Adams | August 19, 2004
The title of Van Halen's 1988 hit, "Finish What Ya Started," could double as the header for a breach-of-contract lawsuit the rock band has filed against the Baltimore Orioles. Van Halen contends in a suit recently filed in federal court in Los Angeles that the baseball team sought to have it perform the first-ever concert inside Camden Yards next month and then backed out of the deal. The band's touring company is suing the team for "at least" $2 million in damages, saying it rearranged its schedule and lost other opportunities to perform in Baltimore.
NEWS
By NEW YORK TIMES NEWS SERVICE | November 25, 2003
WASHINGTON - The immediate causes of the blackout Aug. 14 were made clear in a report issued last week. But various experts say the findings were too narrow, ignoring the federal government's role in the recent reshaping of the power industry. Two organizations that operate in the part of Ohio where the problems originated - First Energy, a utility, and the Midwest Independent Transmission System Operator, a regional agency that was supposed to be overseeing FirstEnergy - were created as part of the deregulation process.
NEWS
By Stacey Hirsh | August 8, 2003
Union members pass through the lobby of Verizon Communications Inc.'s Inner Harbor offices wearing pins that skewer their employer's popular commercials: "Hey Verizon! Jobs not greed! Can you hear me now?" The phone company's managers, meanwhile, wonder whether they'll be moved to fill in for jobs several states away, knowing they could be apart from their families for a long time. As negotiations between Verizon and two major unions begin their sixth day since their contract expired, emotions of workers at the nation's largest local phone provider range from anxiety to anger to impatience.
NEWS
By June Arney and Bill Atkinson | February 5, 2003
The steep falloff in hotel nights booked by the Baltimore Area Convention and Visitors Association makes critical the selection of a top-notch chief executive who can revive the floundering association, public officials and industry experts said. The Sun reported last week that, halfway through its fiscal year, BACVA had met just 18 percent of its hotel room sales target - sharply behind last year's pace. Disclosure of the lethargic bookings coincides with the start of the association's search to replace its president, Carroll R. Armstrong, who resigned under pressure after a three-month consultant evaluation of BACVA's operations.
NEWS
By Bill Atkinson and June Arney | July 27, 2002
Port Discovery, the financially troubled children's museum, will need more than a move to revive its operations, industry experts said yesterday. The museum has to reinvent itself and frequently change its mix of exhibitions to keep it fresh and customers returning, they say. The move should be part of a "strategic plan to improve what you are doing," said Lynn Robertson, executive director of the McKissick Museum in Columbia, S.C., and director of...