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Drivers snatch ‘snow globe’ of cash on I-270
HAGERSTOWN — Dozens of drivers stopped to grab fistfuls of money after thousands of dollars spilled from an armored truck along a Maryland highway Friday and created what one motorist called one big “snow globe of cash.” Attorney Heather Kelly said she was driving on Interstate 270 to her office in Frederick when she passed […]
Silver Spring-based Discovery Communications exceeds $1B in revenue
Discovery Communications Inc., a Silver Spring-based media and entertainment company, reported second-quarter net income of $254 million, or 62 cents per diluted share, versus $106 million, or 25 cents per diluted share, for the comparable 2010 period. Revenue rose to $1.06 billion compared to $963 million the year before, the first time that revenue exceeded […]
Exxon hit with $1B more in damages
Exxon Mobil Corp. has been hit with $1 billion in punitive damages for a 2006 gasoline leak in rural Baltimore County, sources close to the litigation said. That’s in addition to about $495 million in compensatory damage awards that were made public Wednesday. All told, compensatory and punitive damages come to $1.542 billion, said the […]
Budget deficit moves closer to $1 trillion mark
WASHINGTON — The federal budget deficit is on pace to break the $1 trillion mark for a third straight year, putting pressure on Congress and the Obama administration to come up with a plan to rein in government spending. The deficit through the first eight months of this budget year totaled $927.4 billion, the Treasury […]
Holiday shopping battle starts to get pitched
NEW YORK — From free shipping from Wal-Mart to Sears stores open on Thanksgiving for the first time, the battle for holiday shoppers’ dollars has begun in earnest. The early competition to break through shoppers’ caution about spending promises savings for those willing to buy amid an economy that’s still worrying many. It also promises […]
