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Red circle, yellow circle: Mastercard to drop its name from logo
BaltimoreSun.com / Mon, 7 Jan 2019 10:15:00 PST

What's in a name?

For MasterCard, not enough to keep it in the logo.

The company is removing the word Mastercard from the pair of interlocking red and yellow circles where it has resided for more than 50 years.

Mastercard joins a small stable of brands like Nike, Apple and Target that rely on an...

New MEMX stock market to take on NYSE, Nasdaq, CBOE; Citadel Securities among founders
BaltimoreSun.com / Mon, 7 Jan 2019 10:50:00 PST

A group of big banks and brokers is forming a new U.S. stock market, funneling years of frustration about how much exchanges charge into the creation of a competitor.

The nine founders, including Morgan Stanley, UBS Group, Citadel Securities and Virtu Financial, are seeking to "increase competition,...

Ovens that track recipes, voice-command toilets: Like it or not, home devices are getting smarter &#
BaltimoreSun.com / Mon, 7 Jan 2019 11:05:00 PST

One day, finding an oven that just cooks food may be as tough as buying a TV that merely lets you change channels.

Internet-connected "smarts" are creeping into cars, refrigerators, thermostats, toys and just about everything else in your home. CES 2019, the gadget show opening Tuesday in Las Vegas,...

Sale of P.F. Chang’s chain may be on the menu, for $700 million
BaltimoreSun.com / Mon, 7 Jan 2019 11:10:00 PST

Triartisan Capital Advisors is in exclusive talks to acquire Chinese food restaurant P.F. Chang's for as much as $700 million from rival private equity firm Centerbridge Partners, according to people with knowledge of the matter.

Triartisan is talking with lenders about financing a potential deal...

World Bank President Jim Yong Kim announces his departure
BaltimoreSun.com / Mon, 7 Jan 2019 12:55:00 PST

Jim Yong Kim, the president of the World Bank, announced Monday he is resigning at the end of January.

Kim's unexpected departure three years before his term was set to expire is likely to set off a fierce battle between the Trump administration and other countries who have complained about the...

Americans pay top prices for health care and the bill keeps rising
BaltimoreSun.com / Mon, 7 Jan 2019 13:00:00 PST

Americans are spending more than twice as much for health care than people in other developed countries and more than double what they used to spend, a new batch of figures from the Johns Hopkins University shows.

Despite efforts to curb costs, the amount spent per person in the United States was...

IRS will pay tax refunds during shutdown, official says
BaltimoreSun.com / Mon, 7 Jan 2019 13:15:00 PST

The Internal Revenue Service will issue refunds to taxpayers even if the U.S. government shutdown extends into the filing season, a decision that may reduce political pressure on Congress and President Donald Trump to reach a deal to reopen the federal government.

"Tax refunds will go out," the...

CareFirst undertakes reorganization five months into new CEO’s tenure
BaltimoreSun.com / Mon, 7 Jan 2019 13:15:00 PST

About six months after a new CEO took the helm of the state’s largest health insurer, CareFirst BlueCross BlueShield, the nonprofit confirmed that it has launched a reorganization.

The company would not make Brian D. Pieninck, its president and CEO as of July, or any other executive available for...

Two Baltimore County law firms merge
BaltimoreSun.com / Mon, 7 Jan 2019 13:45:00 PST

The Baltimore County law firms Morgan Carlo Downs and Ward & Herzog merged Jan. 1 to create Downs Ward Bender Hauptmann & Herzog.

The merged firm, based in Hunt Valley, is expected to enable faster growth for women-owned partnership, which practices throughout Maryland as well as in Washington...

CIAA basketball tournaments coming to Baltimore in 2021, with potential $50 million economic impact
BaltimoreSun.com / Tue, 8 Jan 2019 02:00:00 PST

The Central Intercollegiate Athletic Association is bringing its big party to Baltimore starting in 2021.

The city and the athletic conference made up of smaller historically black colleges and universities, including Bowie State University in Maryland, announced Tuesday that the CIAA will move...

New beers on hold during government shutdown, but don’t panic — yet
BaltimoreSun.com / Tue, 8 Jan 2019 07:40:00 PST

Nonessential?

Tell that to beer drinkers.

Among the federal employees deemed “nonessential” and therefore on hiatus during the partial federal government shutdown, which is now in its third week, are those from the Alcohol and Tobacco Tax and Trade Bureau, which approves most new beer labels.

As...

Sinclair Broadcast forms mobile TV venture with South Korean wireless company
BaltimoreSun.com / Tue, 8 Jan 2019 08:15:00 PST

Sinclair Broadcast Group plans to form a joint venture company with a South Korean wireless communications firm to develop mobile TV, personalized advertising and other services through a mobile-friendly “next-generation” broadcast transmission standard.

Hunt Valley-based Sinclair and SK Telecom,...

Baltimore-based Clapp Communications acquired by Arbutus direct marketing firm
BaltimoreSun.com / Tue, 8 Jan 2019 09:30:00 PST

Clapp Communications, a Baltimore-based advertising firm, has been acquired by Victory-360, a direct marketing firm based in Arbutus, the companies announced Tuesday.

Michael DeMos, owner of Victory-360, a direct marketing, market analysis and consulting firm, will become CEO of Clapp Communications....

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