Officials: Amazon deal took a year to gel
The announcement that Amazon.com Inc. would bring a huge new fulfillment center to Southeast Baltimore was about a year in the making, city and state officials said Wednesday — and Baltimore wasn’t the only location under consideration.
With deal in Washington, Wall Street’s numbers soar
NEW YORK — Wall Street finally got the deal it’s been waiting for. A last-minute agreement to keep the U.S. from defaulting on its debt and reopen the government sent the stock market soaring Wednesday, lifting the Standard & Poor’s 500 index close to a record high. The deal was reached just hours before a […]
Smithfield shareholders approve Shuanghui deal
RICHMOND, Va. — Shareholders of Smithfield Foods Inc. on Tuesday approved a plan to sell the world’s largest pork producer and processor to a Chinese company. The Smithfield, Va.-based company said more than 96 percent of the votes cast during a special meeting in Richmond were in favor of Shuanghui International Holdings Ltd.’s $34 per […]
Under Armour, Corrigan ink agreement
Corrigan Sports Enterprises Inc., of Baltimore, the producer of the annual Baltimore Marathon and Running Festival, said it has signed a multi-year deal with Under Armour Inc. for the Baltimore-based company to serve as the event’s official performance apparel and footwear supplier.
Senate set to finish work on student loan deal
WASHINGTON — Borrowing for tuition, housing and books would be less expensive for college students and their parents this fall but the costs would start climbing almost immediately under a deal the Senate was poised to pass Wednesday. The bipartisan proposal lawmakers were considering would link interest rates on federal student loans to the financial […]
ARCT IV in $3.1B cash-and-stock deal
NEW YORK — American Realty Capital Properties Inc. is buying American Realty Capital Trust IV Inc. in a cash-and-stock deal valued at about $3.1 billion. Shares of ARCP nearly doubled in premarket trading on Tuesday. ARCP, a real estate investment trust, said that the deal — along with other recent transactions — will make it […]
Arbitron shareholders OK Neilsen deal
Columbia-based Arbitron Inc.’s shareholders have voted to approve the acquisition of the company by Nielsen Holdings N.V. for approximately $1.2 billion.
Dish chairman defends debt level in Sprint deal
NEW YORK — Dish Network’s combative chairman, Charlie Ergen, on Tuesday defended his $25.5 billion bid for Sprint Nextel, saying the debt load the deal would create for the combined company will be manageable. “We will take on more leverage than we have today,” Ergen said in an interview with the Associated Press. “But it’s […]
Disney buying Lucasfilm for $4.05 billion
LOS ANGELES — Disney is paying $4.05 billion to buy Lucasfilm Ltd., the production company behind “Star Wars,” from its chairman and founder, George Lucas. It’s also making a seventh movie in the “Star Wars” series called “Episode 7,” set for release in 2015, with plans to follow it with Episodes 8 and 9 and […]
Jaguars’ Jones-Drew signs endorsement deal with Jessup-based TheraPearl
TheraPearl LLC, of Jessup, a developer of hot and cold therapy products for pain management, announced an endorsement deal with three-time Pro Bowl running back Maurice Jones-Drew of the Jacksonville Jaguars. The reigning NFL rushing champion signed on to help raise awareness about the proper way to warm up and cool down using hot and […]
Bain Capital to acquire Apex Tool Group
The owners of Sparks-based Apex Tool Group, a hand and power tools manufacturer that makes tools for Sears, among others, will sell the company to Bain Capital Partners, a Boston-based global private investment firm. Bain has agreed to pay approximately $1.6 billion to owners Danaher Corp., a Washington, D.C.-based health products company, and Cooper Industries […]
MLB completes 8-year deal with Fox, Turner Sports
NEW YORK — Major League Baseball agreed with Fox and Turner Sports on eight-year contracts that will run through 2021 and keep the World Series on Fox. The amount baseball receives from the two networks will double to an average of about $800 million annually, with Fox’s share averaging about $500 million. “Both networks are […]