Maryland’s high court ruled unanimously Wednesday that the “average weekly wage” of sole proprietors who elect coverage under the state’s workers’ compensation system is calculated based on their net profits and not gross revenue -- marking a defeat for single-person businesses.

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Medifast Inc. earned net income of $5.7 million, or 44 cents per diluted share, during the second quarter of this year, the Owings Mills company reported Thursday after market close.

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NEW YORK — Standard & Poor’s cut the credit rating of the Washington Post Co. to “BBB” on Thursday, citing deteriorating performance at its Kaplan education unit and continuing declines in newspaper advertising revenue. S&P said the outlook for the ...

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NEW YORK — The news just keeps getting worse at Best Buy each day. To top off an already eventful several days for the nation’s largest consumer electronics retailer, Best Buy Co. withdrew its full-year earnings guidance Tuesday after reporting ...

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WASHINGTON — The government is changing the terms of its bailout agreement with Fannie Mae and Freddie Mac in a way that will shrink the holdings of the two mortgage giants more quickly and will require payment to the government ...

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ATLANTA — The Home Depot Inc. is feeling more optimistic about the recovery of the housing market after customers spent more on sprucing up their homes in the second quarter. The country’s biggest home-improvement retailer said Tuesday that strong cost ...

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WASHINGTON — Government-controlled mortgage giant Freddie Mac posted net income of $1.2 billion for the second quarter and isn’t requesting any additional federal aid for the period. The government rescued Freddie and larger sibling Fannie Mae in September 2008 after ...

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TV station operator Sinclair Broadcast Group Inc. on Wednesday reported a second-quarter net income increase of 62 percent, due to political ad spending that was three times higher than the company expected. The Hunt Valley-based company’s shares jumped nearly 13 ...

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Though Baltimore-based money manager T. Rowe Price Group Inc. reported an increase in income and revenue for the second quarter, the company’s performance in the second half of the year hinges on the politics of an election year and a national government that has failed to reach a budget compromise.

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Under Armour Inc. executives said Tuesday they have lowered projections for online sales for the year as the Baltimore-based sports apparel company continues to have difficulty converting site visits to dollars.

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