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Casinos end lottery’s winning streak
It is no coincidence that the end of the Maryland lottery’s decade-and-a-half string of record sales came in the same year Maryland casinos really cashed in.
Sinclair’s 2Q revenue up, profit drops
Sinclair Broadcast Group Inc., of Hunt Valley, saw its second-quarter earnings plummet 40 percent but still beat Wall Street’s forecast.
Freddie Mac earns $5 billion in second quarter
WASHINGTON — Freddie Mac earned $5 billion from April through June, the seventh straight profitable quarter for the mortgage giant. The second-quarter gain reported Wednesday compares with net income of […]
Rising tax revenue eases pressure for budget cuts
WASHINGTON — Rising tax receipts are shrinking the federal deficit, and that will shape the budget debate when Congress returns from vacation next month. The big question for lawmakers: Should […]
Md. casinos continue record-breaking streak
Maryland casinos generated $69.27 million last month, setting a new state record for total revenue from gamblers’ losses at slot machines and table games.
The Dolan Company loses $140M, continues to grow tech services
It’s a tumultuous time for The Dolan Company the Minneapolis-based parent of The Daily Record, which on Thursday announced a net loss of $140.4 million, or $4.62 per share, during the second quarter.
Marriott posts $179M profit on higher occupancy
Hotel giant Marriott says second-quarter earnings rose as business and leisure travelers continue to book hotel rooms and pay slightly more for them. The company, based in Bethesda, said Wednesday […]
Exelon falls below analysts’ forecasts
Exelon Corp., of Chicago, one of the largest U.S. power generators and parent company of Baltimore-based Constellation, Baltimore Gas & Electric Co. and other subsidiaries, reported second-quarter net income of […]
SEC investigates IBM’s cloud computing revenue
IBM says federal regulators are looking into how the company reports sales for its cloud-computing business. The technology company disclosed in a regulatory filing Wednesday that it learned in May […]
Shore Bancshares sees 2Q earnings rise
Shore Bancshares Inc., of Easton, the largest independent bank holding company on Maryland’s Eastern Shore, reported second-quarter net income of $361,000, or 4 cents per diluted share, versus net income of $222,000, or 3 cents per diluted share in the year-ago period.
Southwest Airlines’ 2Q profit slips 2 percent
DALLAS — Southwest Airlines is getting a small break at the fuel pump, and that’s helping it to slightly beat Wall Street expectations for profit. The company saved 16 cents […]
T. Rowe Price 2Q earnings rise, but miss estimates
Investment firm T. Rowe Price Group Inc. said Wednesday that its second-quarter net income rose almost 20 percent but operating expenses rose and assets under management fell during the quarter. […]
