Baltimore Checkbook

Germany's second largest bank slashes 7,300 jobs

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Germany’s second largest bank says it will slash thousands of jobs and stop paying a dividend amid a broad restructuring of its business. Commerzbank announced Thursday that total job cuts will reach 7,300 as it cuts back on investment banking activi…



from http://www.wbaltv.com/money/germanys-second-largest-bank-slashes-7300-jobs/41878544

OPEC agrees to cut production; oil prices surge

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OPEC is finally agreeing to cut oil production.



from http://www.wbaltv.com/money/opec-agrees-to-cut-production-oil-prices-surge/41869516

Cosi shares in free fall as chain files Chapter 11...

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Cosi Inc., fast-casual restaurant chain that has been plagued with declining sales and a sagging share price, announced Wednesday it has filed Chapter 11 bankruptcy restructuring. Shares of Boston-based Cosi (NASDAQ: COSI) plummeted as much as 61 percent to six cents Wednesday afternoon following the announcement. Shares are down 84 percent year-to-date. The company said it’s initiating a sale of its assets to lenders AB Opportunity Fund LLC, AB Value Partners, JP and entities affiliated with Milfam…

Rawlings-Blake fires back after Marilyn Mosby...

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Mayor Stephanie Rawlings-Blake made public on Wednesday an ongoing feud with Baltimore State’s Attorney Marilyn Mosby that started last spring after the death of Freddie Gray. The mayor took aim at Mosby during a press conference at City Hall hours after the New York Times published on its website a lengthy interview with Mosby that will appear in print in the New York Times Magazine Sunday. In it, Mosby levels heavy criticism at Rawlings-Blake and former Police Commissioner Anthony Batts, questioning…

JCPenney looking to fill 500 seasonal jobs in the...

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The holiday season is approaching and JCPenney is gearing up to make sure the stores can handle the usual shopping rush. The company announced it will begin in early October hiring 500 seasonal associates throughout the Baltimore area. The positions are for customer service and support positions, including cashier, replenishment specialist, merchandise support specialist and more. JCPenney offers seasonal workers a discount up to 25 percent as well as flexible holiday scheduling. There are JCPenney…

Maryland ranks 23rd for women and children's...

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Maryland ranks among the top 10 states for children’s health measures, but drops when looking at women and infants, according to the United Health Foundation’s 2016 America’s Health Rankings Health of Women and Children Report. The report looks at health and wellness for each state and Washington, D.C., by evaluating more than 60 measures selected by a group of women’s and children’s health experts. Maryland ranked in the middle to upper-middle range for multiple health indicator categories: 18th…

Turning London's backstreets into trendy food...

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Jonathan Downey loves to throw a party. A leading figure in London’s vibrant food and drink industry, he likes eating out to be memorable and fun. Downey is one of the co-founders of London Union – a company that turns neglected corners of the city i…



from http://www.wbaltv.com/money/turning-londons-backstreets-into-trendy-food-markets/41863680

Rawlings-Blake signs $660M TIF bill package for...

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Mayor Stephanie Rawlings-Blake on Wednesday signed three bills which set up a record $660 million tax-increment financing deal from the city for Sagamore Development’s Port Covington project. As members of the City Council and representatives of the Baltimore Development Corp., Sagamore and community groups including BUILD and leaders from Cherry Hill looked on, the $5.5 billion planned development in South Baltimore got the public investment debated over the past several months to move forward. “Our…

End of an era: BlackBerry will stop making its own...

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It’s the end of an era for BlackBerry. The company, famous for making cellphones with physical keyboards that were once so popular people nicknamed them Crackberries, has decided to stop making its own devices. BlackBerry said on Wednesday that it wil…



from http://www.wbaltv.com/money/end-of-an-era-blackberry-will-stop-making-its-own-phones/41862098

Aetna insurance will subsidize the Apple Watch

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If you want an Apple Watch to keep track of your health, Aetna might help you pay for it. The health insurance provider announced on Tuesday it will subsidize the cost of the device for some of its customers. Aetna didn’t specify how much it would con…



from http://www.wbaltv.com/money/aetna-insurance-will-help-customers-pay-for-an-apple-watch/41862176