McCormick & Co. 1Q profit rises on higher prices
BY: Associated Press McCormick & Co.’s first-quarter net income edged up 2 percent, bolstered in part by increased prices and strength in emerging markets. The spice and flavoring maker reaffirmed its full-year earnings forecast on Tuesday. McCormick makes an array of spices and other cooking products for consumers, restaurants and food manufacturers. Like many companies in the food [...] |
Beretta, other producers courted by gun-friendly states
BY: Associated Press CONCORD, N.H. — Firearms manufacturers upset over newly restrictive gun laws and proposals in their home states are getting a message from other places: Move here, where the climate is favorable to your products and so are the tax codes. In New Hampshire, a group of conservative Republicans sent letters wooing gun companies. Politicians in [...] |
Strong auto output boosts factory production
BY: Associated Press WASHINGTON — A strong increase in auto output boosted U.S. factory production last month, the latest sign that manufacturing is helping drive economic growth after lagging for much of 2012. Factory output rose a seasonally adjusted 0.8 percent in February from January, after falling 0.3 percent in the previous month, the Federal Reserve said Friday. [...] |
Council committee approves resolution on Hyatt staffing
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Service firms grows at fastest pace in a year
BY: Associated Press WASHINGTON — U.S. service companies grew in February at the fastest pace in a year, buoyed by higher sales and more new orders. The Institute for Supply Management says its index of non-manufacturing activity rose to 56 in February from 55.2 in January. Any reading above 50 indicates expansion. The report measures growth in industries [...] |
Factories grow at fastest pace since June 2011
BY: Associated Press WASHINGTON — U.S. manufacturing expanded in February at the fastest pace since June 2011, buoyed by increases in new orders and production. The third straight month of growth suggests factories may help the economy this year after slumping through most of 2012. The Institute for Supply Management said Friday that its index of factory activity [...] |
Md. merchandise exports set new record
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Lockheed Martin OK’d for GPS satellite components
BY: Associated Press Lockheed Martin has received the go-ahead from the Air Force to begin acquiring components for four new GPS III satellites. The company said Monday it received two fixed-price contracts totaling $120 million to start the process. Lockheed Martin is already under contract to build the first four GPS III satellites. Production is under way at [...] |
Factory output falls on weak auto production
BY: Associated Press WASHINGTON — U.S. factories slowed production in January after two solid months of cranking out goods. The weakness mainly reflected a big drop in output at auto factories that is likely temporary. Manufacturing output fell 0.4 percent in January from December, the Federal Reserve said Friday. The decline followed increases of 1.1 percent in December [...] |
Factory orders up 1.8 percent in December
BY: Associated Press WASHINGTON — U.S. factory orders increased in December even though companies trimmed their orders for goods that signal investment plans. Factory orders rose 1.8 percent in December compared to November, when orders had fallen 0.3 percent, the Commerce Department said Monday. But demand for core capital goods, a category considered a proxy for business investment [...] |
Legal News
- Asylum restored to man who grabbed officer’s hand
- Top court puts piggyback tax ruling on hold
- Suit over fatal shooting by undercover officer settles for $100K
- Months after law firm’s opening, the furniture and clients have arrived
- Opinions – 5/16/13: Maryland Court of Special Appeals
- Law digest – 5/16/13
- Weiner, Rifkin to merge firms
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- Md.’s rankings for business climate all over the place
- Md. Tax Court keeps homeowners waiting
- Editorial: A snare of its own making
- City sells row homes for less than half value
- Donald C. Fry: Baltimore to become well-connected
- C. Fraser Smith: Festival as film school
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Newsmakers – Doug Gansler
Maryland Attorney General Doug Gansler sat down with Daily Record reporters and editors for our latest Newsmakers interview. Gansler spoke about his potential run for governor, the high-profile bills on gun control and the death penalty passed by the General Assembly and the challenges facing his office and the state of Maryland....
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