Baltimore Checkbook

Brexit fears send pound to new 31-year low

http://baltimorecheckbook.tumblr.com/post/151330222267/brexit-fears-send-pound-to-new-31-year-low#_=_

The British pound slumped to its lowest level in 31 years on Tuesday on fears that the U.K.’s divorce from the European Union will be bad for the economy. The currency fell to just above $1.27 in early trading, lower even than in the immediate afterma…



from http://www.wbaltv.com/money/brexit-fears-send-british-pound-to-new-31year-low/41946524

Illinois yanks billions of banking biz from Wells...

http://baltimorecheckbook.tumblr.com/post/151320387217/illinois-yanks-billions-of-banking-biz-from-wells#_=_

The state of Illinois is suspending most of its banking relations with Wells Fargo. Illinois is the second state, following California, to punish Wells Fargo with a one-year business moratorium in the wake of the bank’s fake account scandal. Illinois …



from http://www.wbaltv.com/money/illinois-yanks-billions-of-banking-biz-from-wells-fargo/41938076

Evergreen Health going private after facing...

http://baltimorecheckbook.tumblr.com/post/151314180772/evergreen-health-going-private-after-facing#_=_

Evergreen Health Cooperative is going private after facing an extreme financial struggle this year that threatened its future. CEO Peter Beilenson said the company’s board of directors voted unanimously Monday to allow the company to be acquired by an outside bidder. The bidder will be officially announced in November, he said, after Evergreen completes a conversion process to for-profit status. The carrier has operated as a nonprofit since 2012 and was profitable until June 30 this year. Beilenson…

Local coffee shops will transform into mini Luke's...

http://baltimorecheckbook.tumblr.com/post/151309251662/local-coffee-shops-will-transform-into-mini-lukes#_=_

Baltimore will look a little more like Stars Hollow on Wednesday, with a handful of local coffee shops set to give away free coffee as part of a national promotion ahead of the “Gilmore Girls” reboot.

About 200 coffee shops nationwide will offer the promotion, posing as pop-up locations of Luke’s…

Medifast's MacDonald out as CEO

http://baltimorecheckbook.tumblr.com/post/151307527637/medifasts-macdonald-out-as-ceo#_=_

Michael MacDonald is out as CEO of Medifast Inc. after four years. Daniel R. Chard will succeed MacDonald, who has headed the Owings Mills-based weight-loss company since 2004. MacDonald will stay with Medifast as its executive chairman of the board. The move marks a significant change in leadership for Medifast. MacDonald’s brother, Bradley T. MacDonald, led the company from 1996 to 2006 and helped get it listed on the New York Stock Exchange. Bradley T. MacDonald died in 2012. Earlier this year…

For automakers, 7-year winning streak is coming to...

http://baltimorecheckbook.tumblr.com/post/151304736692/for-automakers-7-year-winning-streak-is-coming-to#_=_

For automakers, the long run of sales growth has reached the end.



from http://www.wbaltv.com/money/for-automakers-7year-winning-streak-is-coming-to-an-end/41939272

What to expect at Google's big event

http://baltimorecheckbook.tumblr.com/post/151302127777/what-to-expect-at-googles-big-event#_=_

Google will show off a collection of new tech products this week, including (probably) two new smartphones aimed to take on the iPhone.



from http://www.wbaltv.com/money/what-to-expect-at-googles-big-event-new-phones-and-an-amazon-echo-competitor/41938346

Gas prices: Seasonal decline stalled

http://baltimorecheckbook.tumblr.com/post/151302127347/gas-prices-seasonal-decline-stalled#_=_

Gas prices have not fallen as expected since states are switching to the cheaper, winter blend. AAA reports national average gas prices rose 2 cents in the past week, 1 more cent than a month ago.



from http://www.wbaltv.com/marketplace/automotive/gas-prices-seasonal-decline-stalls/41938482

Hillary Clinton slams Wells Fargo for 'bullying'...

http://baltimorecheckbook.tumblr.com/post/151300952272/hillary-clinton-slams-wells-fargo-for-bullying#_=_

Hillary Clinton is holding up Wells Fargo as Exhibit A in what’s wrong with Corporate America.



from http://www.wbaltv.com/money/hillary-clinton-slams-wells-fargo-for-bullying-workers/41937358

Hamilton Bank CEO on Wells Fargo: 'Unfortunately...

http://baltimorecheckbook.tumblr.com/post/151299503867/hamilton-bank-ceo-on-wells-fargo-unfortunately#_=_

Maryland’s treasury office has determined it does not have any underwriting or securities contracts with Wells Fargo. The state had been reviewing its inventory after Wells Fargo was accused of opening as many as 1.5 million deposit accounts and 565,000 credit cards without customers’ permission to meet sales goals. Consumer Financial Protection Bureau fined the San Francisco-based bank $185 million. California suspended doing business with the bank for a year. Susanne Brogan, deputy treasurer…