BUSINESS
By Lorraine Mirabella, The Baltimore Sun | June 13, 2013
The Inn at the Black Olive, a boutique hotel in Fells Point, was sold at auction for $3.9 million Thursday to mortgage holder 1st Mariner Bank. Bidding for the South Caroline Street hotel, restaurant and cafe-market opened at $2.5 million, said Bradd Caplan, auction agent for Alex Cooper Auctioneers Inc. One other registered bidder competed to buy the 12-suite luxury inn, he said. The two-year-old inn will remain open and continue to be run by the Spiliadis family, said Stelios Spiliadis, whose family operates the inn and separately runs the Black Olive restaurant on Bond Street nearby.
NEWS
By Jamie Smith Hopkins, The Baltimore Sun | June 13, 2013
Defense contractors Lockheed Martin and Northrop Grumman said Thursday that they've won a $91 million contract for radars to be used on Saudi Arabia's Apache attack helicopters. Northrop Grumman said its share of the Longbow work would be handled from its electronic systems division in Linthicum. Lockheed Martin is based in Bethesda. The companies said the contract is for Longbow Fire Control Radars for the Royal Saudi Land Forces Aviation Command and the Saudi Arabia National Guard, spares and support for the aviation command and Longbow mast mounted assemblies for the U.S. Army.
HEALTH
By Chris Korman, The Baltimore Sun | June 13, 2013
Irene Pollin, the wife of former Washington Capitals and Wizards owner Abe Pollin, has given $10 million to Johns Hopkins' Ciccarone Center for the Prevention of Heart Disease. Her donation establishes the Kenneth Jay Pollin Professorship in Cardiology and will enable the school to embark on new research projects, the university announced Thursday. Pollin lost two children to congenital heart defects. Kenneth, for whom the professorship is named, died when he was 13 months old. Pollin's daughter, Linda, died at age 16. Her husband died in 2009.
BUSINESS
By Eileen Ambrose, The Baltimore Sun | June 12, 2013
The compensation of Legg Mason Inc.'s CEO and chief financial officer more than doubled over the year that ended March 31, according to a proxy statement filed Wednesday with regulators. CEO Joseph A. Sullivan, who took the helm of the Baltimore-based money manager in February, saw his total compensation for the fiscal year rise to $7.29 million, up from nearly $3.23 million the prior year. This includes a $425,000 salary, a $2.7 million cash bonus and $3.77 million in stock awards.
NEWS
By Andrea F. Siegel, The Baltimore Sun | June 12, 2013
The New Jersey law enforcement officer charged with killing a Lansdowne man in a road-rage incident in Anne Arundel County was released from jail Wednesday after a $1 million bond was posted. Joseph Lamont Walker, a detective in the Hudson County, N.J., prosecutor's office, is facing a second-degree murder charge in the fatal shooting Saturday evening of Joseph Dale Harvey Jr., a truck driver who friends said recently bought a home in Lansdowne. Police said Wednesday that Walker's agency-issued gun was used and that an autopsy showed that Harvey suffered three gunshot wounds.
NEWS
By Donald F. Norris | June 11, 2013
A few days ago, yet another article appeared in The Baltimore Sun about Ravens quarterback Joe Flacco and his contract that will pay him more than $20 million per year for the next six years. That's a total of over $120 million. I don't know Joe Flacco. I am sure that if I knew him I would like him, and that if we were neighbors, we'd get along just fine. But that is not why I write. And I am not writing because I am jealous of Joe Flacco's good fortune, or because I don't think he is worth it based on his competitive value in football.