GenVec Inc., of Gaithersburg, a biopharmaceutical company developing novel gene-based drugs and vaccines, said it was eliminating 23 positions, or approximately 30 percent of its workforce, in an effort to lower its operating costs to conserve capital. The company, which ...

Tagged with: drugs expenses gaithersburg jobs layoff

ROCKVILLE — Supernus Pharmaceuticals Inc.’s second-quarter loss grew as revenue fell and operating expenses rose while the specialty drugmaker prepared to launch the epilepsy treatment Trokendi XR. The Rockville company raised $47.6 million with an initial public offering of stock ...

Tagged with: earnings expenses food and drug administration shares

NEW YORK — McDonald’s Corp. says strength in the U.S. and Europe drove up a key revenue figure in May, but warned that economic volatility around the world and rising expenses are pressuring its second-quarter results. The fast-food chain, based ...

Tagged with: Economy expenses mcdonalds menu restaurant Restaurants sales stores

While the city-owned Hilton Baltimore Convention Center Hotel lost $11.5 million last year, development officials stressed that the loss is not coming down to taxpayers. “The hotel to date… has not lost a single penny for the taxpayers of Baltimore ...

Tagged with: Baltimore Development Corporation expenses Hotels Inner Harbor investment M.J. "Jay" Brodie maryland pratt street Real Estate revenue taxpayers Tourism value

ROCKVILLE — Pharmacy benefits manager Catalyst Health Solutions Inc.’s first-quarter earnings fell 5 percent as costs related to an acquisition and infrastructure improvements soared. The Rockville company, which is being acquired by SXC Health Solutions Corp., earned $19.2 million, or ...

Tagged with: costs earnings expenses revenue stock walgreen

Baltimore-based Legg Mason Inc. said Tuesday that its fiscal fourth-quarter profit increased 10 percent as it cut expenses to offset the impact of lower stock and bond assets. Net income rose to $76.1 million, or 54 cents a share, in ...

Tagged with: assets bonds earnings expenses fourth quarter funds investors Legg Mason mark fetting profits revenue stock trading

T. Rowe Price Group Inc. saw a record quarterly cash flow into target-date retirement portfolios in the first three months of 2012, the company’s CEO said Tuesday. “When people are thinking about adding more money into the marketplace, people, thankfully, ...

Tagged with: assets under management cash flow earnings expenses James A.C. Kennedy profit revenue staff T. Rowe Price

WASHINGTON — D.C. Councilmember Harry Thomas Jr. was charged Thursday with stealing more than $350,000 in government funds and filing false tax returns. The two felony counts against Thomas, a 51-year-old Democrat, were detailed in a criminal information filed in ...

Tagged with: adrian fenty corruption crime democrat expenses harry thomas jr. kwame brown Prison tax returns U.S. District Court vincent gray

RICHMOND, Va. — Nearly 10 percent of Virginia households have used short-term, high-interest payday, pawnshop and auto-title loans to make ends meet. A study by the University of Virginia’s Weldon Cooper Center for Public Service released Tuesday shows that more ...

Tagged with: expenses households housing loans mortgage Real Estate richmond virginia

WASHINGTON — The Smithsonian Institution will see a $1.8 million cut in its 2011 budget under the spending deal approved by Congress. Details of the budget released Monday include a $759.6 million appropriation from Congress, down from $761.4 million last ...

Tagged with: budget Congress expenses funding national zoo Salaries Smithsonian Smithsonian Institution