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Trump’s net worth drops to $2.8 billion, lowest since campaign
BaltimoreSun.com / Thu, 31 May 2018 07:09:00 PDT

President Donald Trump's net worth slipped to $2.8 billion, a decline of $100 million over the past year, as revenue at his namesake Fifth Avenue tower and golf courses fell.

The drop, the second in two years, is based on figures compiled by the Bloomberg Billionaires Index from lenders, property...

Hunt Valley-based Dunbar Armored will be acquired by rival Texas company
BaltimoreSun.com / Thu, 31 May 2018 08:00:00 PDT

Dunbar Armored Inc., a Hunt Valley-based security and cash management firm that employs 5,400 people, will be sold to rival The Brink’s Co. for about $520 million in cash.

Brink’s, based in Coppell, Texas, announced the deal Thursday.

Dunbar, a 95-year-old family-owned business, has grown into...

Marshalls, Five Below among new retailers announced for former Owings Mills Mall site
BaltimoreSun.com / Thu, 31 May 2018 09:55:00 PDT

Baltimore County and development officials say several retail chains have signed on to open in Mill Station, the redevelopment on the site of the former Owings Mills Mall.

Homesense, Marshalls, Burlington and Five Below will join Lowe’s and Costco, which were announced previously as anchors for...

Baltimore’s Hotel Brexton to close for renovations after lightning strike; owner hopes to sell prope
BaltimoreSun.com / Thu, 31 May 2018 10:50:00 PDT

The Hotel Brexton, a boutique hotel in Mount Vernon, will closes for renovations June 11 and seek buyers after the 137-year-old building was hit by lightning earlier this month.

Owner Richard Naing, of RWN Development Group, who purchased and restored the historic building at 868 Park Ave. in 2011,...

Sheraton near BWI airport sells to Canadian hospitality firm
BaltimoreSun.com / Thu, 31 May 2018 15:00:00 PDT

A Canadian company has bought the Sheraton Baltimore Washington Airport Hotel from the hotels and hospitality group of Berkadia, a Pennsylvania-based commercial real estate venture between Berkshire Hathaway and Jefferies Financial Group.

The Vista Group bought the hotel for an undisclosed sum...

Baltimore is third best city for software engineers, study says
BaltimoreSun.com / Fri, 1 Jun 2018 08:40:00 PDT

Baltimore is one of the top cities in the United States for software engineers, a new study shows.

The city ranked third among places where software engineers are most in demand and where their paychecks go furthest, according to a survey by SpareFoot, an online self-storage marketplace, and ZipRecruiter,...

Annapolis, Anne Arundel roll out bike-share partnership
BaltimoreSun.com / Fri, 1 Jun 2018 09:05:00 PDT

Bike-share is rolling into Anne Arundel County.

The city of Annapolis and county are partnering on a bike-share program tentatively set to launch in August.

Mayor Gavin Buckley, along with County Councilman Chris Trumbauer and several government officials, announced the program as a part of Bike-to-Work...

U.S. gains 223K jobs as unemployment rate falls to 1969 levels
BaltimoreSun.com / Fri, 1 Jun 2018 12:45:00 PDT

Another month of strong hiring drove the nation's unemployment rate down to 3.8 percent — tantalizingly close to the level last seen in 1969, when Detroit still dominated the auto industry and the Vietnam War was raging.

Employers added 233,000 jobs in May, up from 159,000 in April, the Labor Department...

Legg Mason sets aside $67 million to resolve Libya investigation
BaltimoreSun.com / Fri, 1 Jun 2018 14:00:00 PDT

Legg Mason expects to pay $67 million to settle a U.S. probe of one of its affiliates that managed investments for the Libyan government during the rule of Muammar el-Qaddafi.

The Baltimore-based money management firm is negotiating with the U.S. Department of Justice and the Securities and Exchange...

In effort to ‘normalize’ breastfeeding, an oasis at the train station
BaltimoreSun.com / Fri, 1 Jun 2018 16:15:00 PDT

Amid the activity and noise of Penn Station is a new oasis of sorts, an enclosed pod decorated with sky imagery, where women can nurse infants and pump milk. It’s equipped with benches, a fold-down table and electrical outlets to enable a practice that doctors promote as beneficial to the health...

Cordish Companies to open Live Hotel, adding to casino complex in Hanover
BaltimoreSun.com / Sun, 3 Jun 2018 02:00:00 PDT

With 17 floors of plush rooms, the new Live Hotel built to complement the Live Casino in Hanover offers a towering glass spectacle from the outside and a glamorous tableau inside.

David S. Cordish, chairman of the Cordish Companies, the private Baltimore-based development firm that built it and...

Microsoft paying $7.5 billion for coding platform GitHub
BaltimoreSun.com / Mon, 4 Jun 2018 07:18:00 PDT

Microsoft said it reached an agreement to buy GitHub, the code repository company popular with many software developers, for $7.5 billion in stock.

The deal will add to Microsoft's operating income, including some costs, in its fiscal year 2020, the company said in a statement Monday. Microsoft...

Analyst encouraged by changes at Under Armour
BaltimoreSun.com / Mon, 4 Jun 2018 08:45:00 PDT

Under Armour has been taking steps to turn around a struggling brand, and one analyst said Monday he is encouraged by what he’s hearing from management.

“Recent discussions with Under Armour leave us highly encouraged by leadership commitments to profitability improvement,” Jim Duffy, an analyst...

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