Baltimore Checkbook

Report: AT&T in talks to buy Time Warner

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Time Warner’s stock soared nearly 10% Friday on reports that telecom and media giant AT&T may make a takeover bid for the company. Spokespeople for AT&T and Time Warner were not immediately available for comment. But The Wall Street Journal, citing an…



from http://www.wbaltv.com/money/report-att-in-talks-to-buy-time-warner/42196504

Hyundai recalls midsize cars; sunroofs can fly...

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Hyundai is recalling nearly 63,000 midsize cars in the U.S. because the panoramic glass sunroofs can come loose and fly into traffic.



from http://www.wbaltv.com/money/hyundai-recalls-midsize-cars-sunroofs-can-fly-into-traffic/42196356

4 lessons from Novavax's failed trial about the...

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Trying to create the next big drug is challenging. But trying to make the next big vaccine? In some ways, that can be even trickier. Never has this been so apparent as with Gaithersburg-based Novavax Inc.’s failed phase 3 clinical trial for one of its most promising vaccine candidates to treat respiratory syncytial virus in older adults. Novavax had seen multiple positive indicators for the vaccine’s effectiveness leading up to the trial, so the failed results left analysts and investors alike scratching…

What are the super rich buying? Cars, cars, cars

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The super rich are on a luxury car spending spree.



from http://www.wbaltv.com/money/what-are-the-super-rich-buying-cars-cars-cars/42196110

Good grief! MetLife is dumping Snoopy

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You blockhead! The insurance giant said Thursday it was ditching the beloved Charles Schulz characters in favor of a new image.



from http://www.wbaltv.com/money/good-grief-metlife-is-dumping-snoopy/42182626

Old Town developers unveil plans for apartments,...

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Developers on Thursday unveiled the first of several buildings planned as part of a redevelopment of the Old Town area in East Baltimore. Henson Development Co. presented two buildings: a 104-unit apartment project on the site of the former Somerset Court affordable housing complex, and another 90-unit affordable housing complex for seniors on a former Old Town Mall parking lot. Henson is partnering with Beatty Development Co., Commercial Group and Philadelphia-based affordable housing management…

Maryland adds 3,400 jobs, unemployment rate ticks...

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Maryland added 3,400 in September, sending the unemployment rate down slightly to to 4.2 percent. The drop comes after unemployment had been holding steady at 4.3 percent for the the past three months. The financial services sector added 1,500 jobs, while 4,900 new government jobs helped spur Maryland’s job growth, according to preliminary data released Friday by the U.S. Department of Labor’s Bureau of Labor Statistics. Professional and business services jobs increased by 700. Meanwhile, many…

Bombardier announces another round of steep job...

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Bombardier is eliminating 7,500 jobs, its second round of steep job cuts this year. The cuts at the Canadian jet and train manufacturer, which represent more than 10% of its global workforce, come on top of 7,000 cuts announced in February. Those earl…



from http://www.wbaltv.com/money/bombardier-announces-another-round-of-steep-job-cuts/42194108

City wins $1.25M grant to help grow minority-owned...

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Baltimore has received a five-year, $1.25 million federal grant aimed at helping more minority- and women-owned businesses have opportunities in the manufacturing industry. The grant, awarded by the the U.S. Department of Commerce Minority Business Development Agency (MBDA), will help fund an advanced manufacturing center in the region. Christine Bivens said, director of minority- and women-owned business development in in Mayor Stephanie Rawlings-Blake’s office, said specific details of the project…

Scandal may speed up Wells Fargo branch closures

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Wells Fargo has more than 6,000 branches across 39 states. That’s roughly 1,000 branches more than any other bank in America.



from http://www.wbaltv.com/money/scandal-may-speed-up-wells-fargo-branch-closures/42194790