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Analysts say Under Armour, Adidas ‘chipping away’ at Nike
BaltimoreSun.com / Wed, 28 Sep 2016 07:44:00 PDT

While Nike reported Tuesday that its revenues increased 8 percent in the quarter ending Aug. 31, analysts and the media focused on increasing competition from Under Armour and other rivals.

“Nike and its Jordan brand still command the lion's share of the U.S. footwear market, but rivals Adidas...

JCPenney plans to hire 500 for the holiday season at Baltimore mall stores
BaltimoreSun.com / Wed, 28 Sep 2016 10:06:00 PDT

JCPenney plans to hire 500 seasonal workers in the Baltimore area for the holiday season, the department store chain said Wednesday.

Employees are needed for customer service and support jobs such as cashier, replenishment specialist, merchandise support specialist and other positions.

Hiring will...

Rawlings-Blake signs off on Port Covington public financing
BaltimoreSun.com / Wed, 28 Sep 2016 16:30:39 PDT

Mayor Stephanie Rawlings-Blake committed the city Wednesday to $660 million in public financing for roads, utilities and other infrastructure at Port Covington, site of Under Armour CEO Kevin Plank's $5.5 billion waterfront development — a step she called "one of the most significant milestones...

CSX and Maryland officials still expect federal funding for Howard Street Tunnel
BaltimoreSun.com / Wed, 28 Sep 2016 16:08:29 PDT

CSX plans to spend $25 million to fix flooding in Baltimore's 120-year-old Howard Street Tunnel and prepare engineering plans for its expansion, despite the project's being turned down for $155 million in federal grant money in July.

Federal transportation officials recently met with Maryland and...

Sandwich chain Cosi files for Chapter 11 bankruptcy
BaltimoreSun.com / Wed, 28 Sep 2016 12:43:00 PDT

Cosi, the restaurant chain known for its flatbread sandwiches, says it filed for Chapter 11 bankruptcy protection and is seeking to sell itself to its lenders.

The company has closed 29 stores, but says the remaining 76 Cosi restaurants will remain open as it goes through the bankruptcy process.


New developer emerges for Madison Park North Apartments site
BaltimoreSun.com / Wed, 28 Sep 2016 16:28:17 PDT

A long-troubled apartment complex in Reservoir Hill that closed last year is under contract with a Baltimore-based real estate firm that plans to redevelop the property.

MCB Real Estate, which has a portfolio of shopping centers and some residential buildings, hopes to do a "major transformational...

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