Hilton’s $11.5M loss mostly from depreciation 
BY: Maria Zilberman
POSTED: May 24, 2012
Tags: baltimore development corp., depreciation, expenses, Hilton Baltimore Convention Center Hotel, Inner Harbor, investment, M.J. "Jay" Brodie, maryland, pratt street, Real Estate, revenue, taxpayers, Tourism, value
While the city-owned Hilton Baltimore Convention Center Hotel lost $11.5 million last year, development officials stressed that the loss is not coming down to taxpayers. “The hotel to date… has not lost a single penny for the taxpayers of Baltimore City,” said M.J. “Jay” Brodie, president of the Baltimore Development Corp. The 757-room hotel, which [...]
Week in review – 5/25/12: Sparrows Point mill may be sold
BY: Daily Record Staff
POSTED: May 24, 2012
Tags: amy mulligan, asperger's syndrome, Baltimore, board of public works, Court of Appeals, discharged, dunbar, Keswick Multi-Care Center, loan, maryland, nancy forster, paternity, sold, Sparrows Point, steel mill, U.S. Sen. Barbara Mikulski, Under Armour, Week in Review
Can Roland Park group buy BCC land? Residents of the well-groomed, historic Roland Park community are being asked to dig deep in their pockets to help purchase 17 acres of rolling open space at the Baltimore Country Club as part of a $10 million fundraising campaign. Nearly 150 residents attended the annual meeting of the [...]
The newest space race is for profits
BY: Associated Press
POSTED: May 23, 2012
Tags: Elon Musk, jeff greason, NASA, rocket, space, Space Exploration Technologies Corp., XCOR Aerospace
WASHINGTON — A privately built space capsule that’s zipping its way to the International Space Station has also launched something else: A new for-profit space race. The capsule called Dragon was due to arrive near the space station for tests early Thursday and dock on Friday with its load of supplies. Space Exploration Technologies Corp. [...]
Small Business Administration head: Access to capital still a challenge
BY: Associated Press
POSTED: May 23, 2012
Tags: (American) Recovery (and Reinvestment) Act (of 2009), Business, Capital, challenge, Economy, karen mills, mmp group, small business administration, solera capital
Comments: 1
When Karen Mills became head of the Small Business Administration in April 2009, the U.S. was in a recession and a credit crisis. It was hard, if not impossible, for many to borrow money. It also was a difficult environment for a government agency charged with helping small businesses. But Mills came to the SBA [...]
Martha Stewart rejoins board, becomes non-executive chairman of company
BY: Associated Press
POSTED: May 23, 2012
Tags: charles koppelman, food and drug administration, hallmark channel, home depot, imvclone, j.c. penney, macy's, martha stewart, martha stewart living omnimedia inc., non-executive chairman, securities and exchange commission, video board
NEW YORK — Martha Stewart was named as non-executive chairman of the lifestyle, media and merchandising company that she created Wednesday. Stewart rejoined the board of Martha Stewart Living Omnimedia Inc. in September at the end of a five-year ban on serving as a board member or as an executive of a public company as [...]
Mikulski seeks funds to save Hagerstown jobs
BY: Associated Press
POSTED: May 23, 2012
Tags: border patrol, funding, hagerstown, homeland security department, Manufacturing, sen. barbara mikulski, sierra nevada corp., surveillance aircraft, washington county economic development corp.
HAGERSTOWN — U.S. Sen. Barbara Mikulski says she’s seeking $43 million in federal funds to keep a spy plane production line running in Hagerstown. Mikulski said Tuesday that the appropriation would prevent a shutdown of Sierra Nevada Corp.’s production of modified aircraft for customs and border patrol work. The Washington County Economic Development Commission says [...]
Regulators probe bank’s role in Facebook IPO
BY: Associated Press
POSTED: May 23, 2012
Tags: david ebersman, facebook, financial industry regulatory authority, initial public offering, ipo, mark zuckerberg, morgan stanley, Nasdaq, securities and exchange commission
WASHINGTON — Regulators are examining whether Morgan Stanley, the investment bank that shepherded Facebook through its highly publicized stock offering last week, selectively informed clients of an analyst’s negative report about the company before the stock started trading. Rick Ketchum, the head of the Financial Industry Regulatory Authority, the self-policing body for the securities industry, [...]
12 student entrepreneurs closer to $1,000
BY: Maria Zilberman
POSTED: May 22, 2012
Tags: Business, competition, entrepreneurship education, Fulton-based New Markets Venture Partners, Mark Grovic, maryland, National Academy Foundation, Network for Teaching Entrepreneurship, NFTE Baltimore, University of Baltimore Merrick School of Business
Twelve student-run businesses are one step closer to $1,000 — and two steps away from $10,000 — after advancing to the final round of the regional Network for Teaching Entrepreneurship business plan competition. The semifinal round of the 2012 NFTE Baltimore competition took place Tuesday at the University of Baltimore Merrick School of Business. The [...]
Bethesda-based Reznick Group, N.J. firm plan merger
BY: Daily Record Staff
POSTED: May 22, 2012
Tags: accounting, bethesda, firm, J.H. Cohn LLP, ken baggett, maryland, merger, new jersey, New York City, Reznick Group P.C., roseland, tax, tom marino
Reznick Group P.C., of Bethesda, and J.H. Cohn LLP, of Roseland, N.J., said they will merge to form the 11th largest accounting and tax firm in the country, with more than 2,000 employees, 25 offices and revenue of more than $450 million. The merger is expected to take effect in September. The combined company — [...]
W.R. Grace to expand China operations
BY: Daily Record Staff
POSTED: May 22, 2012
Tags: asia, China, fluid catalytic cracking catalysts, Manufacturing, memorandum of understanding, petroleum refining, qingdao, shadung province, w.r. grace, wholly foreign-owned enterprise
W.R. Grace & Co., a Columbia-based chemical manufacturer, said it signed a Memorandum of Understanding with the Qingdao, China, Bureau of Commerce for an investment in China to manufacture fluid catalytic cracking catalysts and related products for the petroleum refining industry. Financial details were not disclosed. In order to complete the investment, Grace has established [...]
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