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GM’s July sales rise 8 percent, driven by Cruze
DETROIT — General Motors’ U.S. sales rose 8 percent in July, led by fuel-efficient vehicles such as the Chevrolet Cruze. But the increase may not be the norm. Analysts predicted only a slight rise in industry sales of new cars and trucks for July. Economic worries and a lack of discounts probably kept many buyers […]
Democrats pressure airlines to give back windfall
WASHINGTON — Democrats ratcheted up the pressure on airlines Friday to give back the windfall they’ve reaped by raising fares during the tax holiday created by the partial shutdown of the Federal Aviation Administration. But it was unclear how much leverage they have to force the issue. Two more groups of senators sent letters to […]
GE 2Q profit up 21 percent, financial arm improves
When it comes to weathering a sluggish economy, it pays to have your finger in a lot of pies. At least it does for General Electric Co. The industrial and financial giant has a stake in almost every sector of the U.S. economy, from light bulbs and credit cards to windmills. Its mixed bag of […]
Don’t blame recession for Borders’ closing
The closure of all of Borders’ 399 bookstores nationwide — including 18 in Maryland — is not only a dramatic illustration of the changing publishing industry, experts said Tuesday, but also reveals the delicate relationship between large companies facing industry-specific problems and the commercial real estate market. “It’s the same thing we saw with Blockbuster,” […]
O’Malley touts life sciences at opening of BIO Convention
WASHINGTON — Gov. Martin O’Malley used Tuesday’s opening of the BIO International Convention to release a report that shows that the life sciences accounted for one-third of all job gains in Maryland between 2002 and 2010. The report, authored by the Maryland Department of Business and Economic Development, also said the life science industry makes […]
BWI ponders expansion as largest carrier Southwest continues record growth
There is fresh pavement outside and new high-end stores, a chic lounge and even a French spa setting up inside as Southwest Airlines Co.’s acquisition of a top rival inspires hope of even more record-setting growth at Baltimore/Washington International Thurgood Marshall Airport. Expansion plans for BWI, however, are written in pencil and aren’t saddled with […]
U.S. builders’ outlook falls amid weakening sales
WASHINGTON — The outlook among U.S. homebuilders has been grim all year. This month, it became grimmer. An index that measures builders’ sentiment for their industry fell three points in June to 13, the National Association of Home Builders said Monday. That’s the lowest level in nine months. And it’s just five points above the […]
May manufacturing activity cooled to 20-month low
WASHINGTON — U.S. manufacturing activity expanded in May at the slowest pace in 20 months, the latest sign that a sharp rise in energy prices is hampering economic growth. The Institute for Supply Management, a trade group of purchasing executives, said Wednesday that its index of manufacturing activity fell to 53.5 percent in May from […]
Urban farmers growing shrimp in Hampden
In an old cinderblock building near the foot of 36th Street in Hampden, the latest addition to Baltimore’s urban farming push is under construction. Large tanks, filters, drains and pipes are being fitted into the old building, which for years sat vacant and blighted. This summer, 1,000 larvae of freshwater shrimp, or prawns, will be […]
Times tough for Maryland’s nonprofits, but industry has persevered
The past few years have not been overly kind to Maryland’s nonprofit industry, which has had to deal with declines in giving, drops in government funding and market erosion of assets. The health of the nonprofit industry is vital for the state, as it is one of the largest employers in Maryland. According to a […]
ADDY Awards Show honors best of Baltimore’s advertising community
The Baltimore advertising community announced the area’s top creative awards Thursday at the 37th annual ADDY Awards Show. Barb Clapp Advertising & Marketing won the evening’s top honor — Best of Show — for its FOP and IAFF awareness campaign, while MGH took home the most amount of awards. The “Special Judges Award for Innovative […]
NSA shares some secrets — on procurement
The National Security Agency isn’t exactly renowned for its openness, but on Monday, the spy agency shared with small business owners the secrets to getting a share of the millions of dollars of contracts it awards each year. Nearly 400 people packed into conference rooms at the BWI Airport Marriott hotel for a chance to […]
