In a bid to boost its global vaccine manufacturing abilities, Gaithersburg biotechnology firm Novavax has paid roughly $167 million to buy a biologics manufacturing plant in the Czech Republic. The company paid cash for Praha Vaccines a.s., part of the ...Read More »
U.S. retail sales plummeted 8.7% in March, an unprecedented decline, as the viral outbreak forced an almost complete lockdown of commerce nationwide. The deterioration of sales far outpaced the previous record decline of 3.9% that took place during the depths ...
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The $2 trillion stimulus package that now appears headed for congressional approval contains a variety of provisions that would offer help to Maryland, from unemployment benefits to small business loans, from extended unemployment benefits to direct payments to taxpayers. The ...Read More »
Joseph Sullivan was finally ready for the conversation he dreaded. After months of meetings with executives from Franklin Resources, the chairman and CEO of Legg Mason, the venerable money manager headquartered in Baltimore, knew he needed to let one other ...Read More »
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 ...Read More »
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 ...Read More »
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 ...Read More »
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 ...
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