The Beach Plaza Hotel, a staple on the Ocean City Boardwalk since 1967, Friday announced it was closing its doors for good. The hotel, at 1301 Atlantic Ave., was closing permanently following the execution of the estate of founder Brice ...
Read More »Brokers accuse insurance firm of ‘redlining’ in Baltimore
BALTIMORE (AP) — Three insurance brokers in Maryland have filed complaints that accuse Erie Insurance of “redlining” in predominantly Black neighborhoods in Baltimore. The Baltimore Sun reports that the brokerage firms filed separate complaints of discrimination this week with the ...
Read More »Federal report says pandemic hit seafood industry hard
The coronavirus pandemic has taken away about a third of the commercial fishing industry’s revenue, according to a federal report released on Friday. The National Oceanic and Atmospheric Administration said revenues from catch brought to the docks by commercial fishermen ...
Read More »Financing retirement in the COVID era
Many residents want to retire from their jobs as soon as they are financially able to do so. The ongoing COVID-19 pandemic has caused some older adults to reevaluate their finances and retire even earlier. “A lot of clients have ...
Read More »Hogan announces $30M in emergency relief for music and entertainment venues
Gov. Larry Hogan Friday announced $30 million in awards for more than 90 live music and performance venues, live entertainment promoters and independently-owned local movie theaters whose operations have been impacted by COVID-19. The allocation is part of the more than ...
Read More »Hopkins’ $6M fund for crime reduction projects seeking applications
A $6 million Johns Hopkins University fund to support crime reduction efforts in Baltimore is now open to applicants. Registered nonprofit organizations are invited to apply to receive grants of up to $250,000 annually for four years to put towards ...
Read More »Growing here, growing fast: 8 Md. companies make top inner city list
What do a Federal Hill-based contractor, a popular Asian restaurant, and a management consultancy with clients on five continents all have in common? All three are among the 100 fastest-growing companies in America’s inner cities, according to Fortune Magazine’s Inner ...
Read More »Toyota to pay $180M for failing to report emissions defects
DETROIT — Toyota will pay $180 million to settle U.S. government allegations that it failed to report and fix pollution control defects in its vehicles for a decade. The company also agreed in court to investigate future emissions-related defects quickly ...
Read More »US long-term mortgage rates rise; 30-year at 2.79%
WASHINGTON — U.S. long-term mortgage rates rose this week in an indication that the long period of record-low rates could soon be over. Home loan rates touched new record lows last week, as the year opened against the continuing backdrop ...
Read More »US unemployment claims jump to 965,000 as virus takes toll
WASHINGTON — The number of people seeking unemployment aid soared last week to 965,000, the most since late August and a sign that the resurgent virus has likely escalated layoffs. The latest figures for jobless claims, issued Thursday by the ...
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