Maryland Daily Record Maryland's trusted source for business and legal news

The Trump administration has issued a rule that will make overtime pay available to 1.3 million additional workers, though the proposal replaces a more generous one advanced by former President Barack Obama. The Labor Department said Tuesday that it is ...

According to the ninth annual State of Women-Owned Business Report, Maryland ranked 20th in the growth of women-owned firms since 2014. The state saw a 10% increase in that time. The report showed exceptional growth for minority women. Minority women are ...

Maryland is not prepared to settle its lawsuit against Purdue Pharma over the company’s role in the opioid crisis and is not part of a tentative deal reached by 22 states and more than 2,000 cities on Wednesday. “There are ...

Tagged with: Brian Frosh Multidistrict litigation opioid crisis purdue pharma Sacklers

Under Armour Inc. Thursday reported first-quarter net income of $22.5 million, continuing the turnaround from the same quarter a year ago, when the Baltimore-based sports apparel and shoe company lost money. On a per-share basis, the Baltimore-based company said it had ...

Tagged with: Under Armour

Here’s a look at measures passed by General Assembly during its 2019 session: Comptroller’s powers The legislature removed regulatory authority over alcohol, tobacco and gasoline from the comptroller’s office and placed it with a commission. Gov. Larry Hogan vetoed the ...

WASHINGTON — Two Iranian computer hackers were charged Wednesday in connection with a multimillion-dollar cybercrime and extortion scheme that targeted government agencies, cities and businesses, including MedStar Health, the Justice Department said. Faramarz Shahi Savandi, 34, and Mohammad Mehdi Shah ...

Tagged with: cyberhacking medstar health ransomware

LGBT leaders across the U.S. reacted with fury Monday to a report that the Trump administration is considering adoption of a new definition of gender that would effectively deny federal recognition and civil rights protections to transgender Americans.

Tagged with: civil rights identity transgender Trump administration

Goucher College is cutting several majors and minors amid a cost-cutting “academic revitalization.” Goucher President Jose Antonio Bowen informed the campus community in a letter that the Towson school needs to reallocate resources, which means cutting majors such as mathematics, physics ...

Tagged with: goucher college Jose Antonio Bowen

A Maryland manufacturer faces business and job losses in the wake of the Trump administration’s announcement Thursday it would impose tariffs on steel and aluminum imported from the European Union, Canada and Mexico. Independent Can Company, located in Harford County, has some ...

Tagged with: Independent Can Company steel tariffs