D.C. counts nearly 18M visitors, up from before 9/11
BY: Associated Press
POSTED: May 22, 2012
Tags: d.c., Destination D.C., increase, officials, Tourism, U.S. Commerce Department's Office of Travel and Tourism Industries, washington
WASHINGTON — Tourism officials say Washington saw a record 17.9 million visitors last year, surpassing a previous record of 17.4 million set in 2000 before the 9/11 attacks. Statistics released Tuesday by the tourism bureau Destination D.C. show a 4.1 percent increase in international tourism in 2011, totaling 1.8 million visitors. Washington also counted 16.1 [...]
Where are Facebook’s friends? Stock down after IPO
BY: Associated Press
POSTED: May 22, 2012
Tags: Banks, closing price, earnings, europe, facebook, google, initial public offering, internet, mark zuckerberg, Nasdaq, netscape, shares, social media, social netowrk, standard & poor's, stock, stock market
NEW YORK — Facebook was supposed to soar. Instead, it plunged. After the social network’s stock fizzled on Friday in its long-awaited debut, its stock fell 11 percent on Monday, even as the rest of the stock market rallied. The downward spiral has left some people sitting on big losses, and others scratching their heads. [...]
Maryland beauty brand is known worldwide
BY: Capital News Service
POSTED: May 21, 2012
Tags: beauty products, Business, company, Linda Pruitt-Michielli, maryland, Rosebud Perfume Co., Smith's Rosebud Salve, Urban Outfitters
Smith’s Rosebud Salve is a beauty product made entirely within Maryland’s borders, but its brand name stretches far beyond the borders of the country. In 2003, Sephora, a major beauty chain, picked up the salve for sale in its stores across Europe and the states. “Of course it has amped up production considerably,” said Linda [...]
Hamilton-Lauraville group buys building for incubator 
BY: Maria Zilberman
POSTED: May 21, 2012
Tags: Baltimore, building, Business, college park, gov. martin o'malley, Hamilton-Lauraville Main Street, hlms, incubator, maryland, National Trust for Historic Preservation, Red Canoe Bookstore Café, Regina Lansinger, Rich Marsiglia, Robert H. Smith School of Business at the University of Maryland, startup, The Gift Cellar
When Regina Lansinger and Rich Marsiglia had two days to finance the purchase of a new incubator space, they didn’t get the money from a bank — they got it from area business owners and residents. Lansinger and Marsiglia lead Hamilton-Lauraville Main Street. The nonprofit commercial revitalization organization in northeast Baltimore is one of the [...]
RG Steel eyeing asset sales, spokeswoman confirms
BY: Associated Press
POSTED: May 21, 2012
Tags: assets, Baltimore, bette kovach, laid off, maryland, mill, RG Steel, Sparrows Point, steel, workers
A spokeswoman for RG Steel says the company is considering selling steel mills in three states, including the Sparrows Point plant outside Baltimore. RG Steel spokeswoman Bette Kovach on Monday confirmed reports that potential buyers have expressed interest in acquiring company facilities and all options are on the table. Kovach did not provide any further [...]
Smithsonian to create its 1st human genome exhibit
BY: Associated Press
POSTED: May 21, 2012
Tags: Life Technologies Corp, smithsonian institute, Smithsonian's National Museum of Natural History, washington
WASHINGTON — The Smithsonian’s National Museum of Natural History is developing its first major exhibit on the human genome with a $3 million pledge announced Monday from a biotechnology company. The philanthropic foundation of Life Technologies Corp. is the lead sponsor for a 2,500-square-foot exhibition slated to open on the National Mall in June 2013. [...]
Facebook stock up slightly in public debut
BY: Associated Press
POSTED: May 18, 2012
Tags: amazon.com, facebook, general motors, google, initial public offering, investors, linkedin, mark zuckerberg, mcdonalds, Nasdaq Stock Market, peter thiel, shares, social network, Stocks, visa, walt disney
NEW YORK — Facebook updated its status to “public company” on Friday. After an anxiety-filled half-hour delay, its stock began trading on the Nasdaq Stock Market for the first time as investors were finally able to put a dollar value on the company that turned online social networking into a global cultural phenomenon. By early [...]
First Mariner wins TRO to block law firm’s letters
BY: Ben Mook
POSTED: May 17, 2012
Tags: Baltimore, bank, defamation, false advertising, First Mariner, fraudulent lending practices, injurious falsehood, Judge James K. Bredar, lawsuit, letter, litigation, Litigation Notification, maryland, The Resolution Law Group, tro, u..s district court
First Mariner Bank secured a 14-day restraining order against a Connecticut-based law firm that has been sending letters to the bank’s customers, stating that the bank is facing litigation and regulatory action for fraudulent lending practices. Judge James K. Bredar said on Thursday that he would enter the temporary restraining order against the letters due [...]
Week in review: 5/18/12
BY: Daily Record Staff
POSTED: May 17, 2012
Tags: Baltimore, Baltimore City Circuit Court Judge George Levi Russell III, Foreclosures, General Assembly, Grand Prix, holdes, House of Delegates Speaker Michael E. Busch, Michael C. Hodes, race on llc, t.rowe, u..s district court, Week in Review
New group says it’s ‘race on’ for GP With its first sponsor in hand and online ticket sales slated to start May 28, the new group behind the Baltimore Grand Prix is confident it will be able to pull off the Labor Day weekend street race in record time with good results. Race On LLC [...]
Facebook sets IPO at $38 per share
BY: Associated Press
POSTED: May 17, 2012
Tags: company, data centers, facebook, google, initial public offering, investors, ipo, larry page, mark zuckerberg, Nasdaq Stock Market, peter thiel, photos, Sergey Brin, social network, value
NEW YORK — Facebook has priced its initial public offering of stock at $38 per share, at the high end of its expected range. It means investor demand is strong for the world’s largest online social network. Facebook Inc. and its early investors now stand to reap as much as $18.4 billion from the IPO, [...]
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