Baltimore Checkbook

Light City Baltimore creators claim they gave no...

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The creators of Light City Baltimore allege they never assigned any intellectual property rights associated with the festival over to the city of Baltimore or the Baltimore Office of Promotions & The Arts despite claims on the contrary in a recent lawsuit filed by the city. Husband and wife Justin Allen and Brooke Hall made the statement in a letter emailed to friends Wednesday obtained by the Baltimore Business Journal. The letter says they will fight the case and respond to the lawsuit in due…

Seton Keough High School to close at the end of...

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Seton Keough High School will close at the end of the school year as it faces mounting costs and low enrollment, one of three Catholic schools set to close, the Archdiocese of Baltimore announced Wednesday. John Paul Regional Catholic School in Woodlawn and St. Thomas Aquinas Elementary School in Hampden are the others that will shut down at the end of the school year, according to the Catholic Review. The Archdiocese posted a letter on its website announcing the Seton Keough closing, saying the…

Offenbachers files for bankruptcy, closing all 8...

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Offenbachers, a Lanham-based patio furniture chain, is going out of business after 44 years. The retailer filed for Chapter 11 bankruptcy protection Monday and announced wind-down efforts Wednesday for all eight of its stores. The shutdown comes two years after Baltimore private equity firm Antson Capital Partners LLC acquired Offenbachers, with board members touting the company as “a great industry, a great brand.” “Immediate store closing sales are in the best interest of the bankruptcy estate…

T. Rowe Price adds to its board of directors

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T. Rowe Price Group Inc. announced Wednesday that Sandra S. Wijnberg is joining the money manager’s board of directors. Wijnberg is an executive adviser at New York-based Aquiline Capital Partners, a private equity investment firm. Prior to taking over as executive adviser, she served as a partner at the company and as chief administrative officer. She will join other T. Rowe Price (NASDAQ: TROW) board members, such as Freeman Hrabowski, the president of University of Maryland, Baltimore County,…

Goucher is not raising tuition for the first time....

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For the first time in the school’s 31-year history, Goucher College will not raise tuition rates for the 2017-2018 school year. The 1,450-student private liberal arts school has been raising its tuition along with virtually every college in the country over the past several years, as cost of living has increased. But President Jose Antonio Bowen said that model doesn’t make much economic sense anymore. “Why does college have to become more expensive relative to cost of living when other things…

Kevin Plank on fall in Under Armour stock price:...

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Under Armour Inc. CEO Kevin Plank went on the defensive Wednesday, saying he is unwilling to prioritize the company’s short-term profits over long-term growth. Plank’s comments on CNBC come a day after Under Armour stock fell 13 percent as it reported tighter margins and slower revenue growth than previously projected. The stock is down another 3 percent in midday trading Wednesday, and was downgraded by several Wall Street firms. During the interview, Plank addressed concerns about a slowdown…

Kevin Plank is taking his startup competition to...

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Under Armour Inc. CEO Kevin Plank’s annual entrepreneurship competition that has boosted a number of local startups is taking its show on the road after a decade at the University of Maryland. The Cupid’s Cup Entrepreneurship Competition will become a traveling contest that rotates each year between various schools throughout the country, starting with Chicago. Evanston, Ill.-based Northwestern University will host the 2017 competition, and was selected because of its “really strong commitment…

Want to make six figures? Local cyber salaries are...

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Cyber employees are expected to see salary increases between 4 percent and 6 percent for 2017 and top salaries reaching almost $200,000 per year. A 2017 salary guide report from Baltimore-based Robert Half Technologies showed that compensation rates for in-demand cyber jobs are quickly increasing. Salaries for five of the most common positions in the cyber and technology space — software development, web development, networking/telecommunications, data administration and cybersecurity — are…

WOW Air expands service to Ireland out of BWI

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Dublin may seem like the obvious choice when visiting Ireland, but WOW Air is offering a new service that encourages checking out other hidden gems in the country. The low-cost Icelandic airline will begin service to Cork, Ireland, beginning next June from Baltimore/Washington International Thurgood Marshall Airport. Service will go through Reykjavik, Iceland. The flights will start at $159.99 one way to Cork Airport with flights out of BWI on Sundays, Tuesdays, Thursdays and Saturdays. WOW Air…

Gov. Larry Hogan among nation's highest-paid...

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Gov. Larry Hogan earns $170,000 a year — above the $137,415 average salary of all U.S. governors. But Hogan’s salary pales in comparison to what the 100 highest-paid executives made in Greater Baltimore last year. Pay packages for those execs averaged $2.3 million, as compiled by Business Journal research. So it’s not hard to understand why few businesspeople — Hogan was one of the few in Maryland — run for office. And in an election year that’s left many Americans craving better options,…