Baltimore Checkbook

Ellicott City receives federal disaster...

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The long-awaited notification of federal disaster aid was granted Friday and local officials and business owners on flood-ravaged historic Ellicott City’s Main Street will soon be eligible for federal assistance to help pay costs associated with the damages. The designation was made by President Obama and is the latest in a series of local, state and federal support for victims of the deadly July 30 flood. Gov. Larry Hogan sent a letter to Obama on Aug. 12 requesting the aid as the small suburban…

Nigeria's airlines struggling to survive

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Nigeria’s aviation sector is in dismal shape right now.



from http://www.wbaltv.com/money/why-nigerias-airlines-are-struggling-to-survive/41695468

Why you shouldn't panic about increase in gas...

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Millions of drivers could spend a little more at the gas pump this month after a leak shut down part of an important East Coast pipeline.



from http://www.wbaltv.com/money/why-you-shouldnt-panic-about-the-coming-increase-in-gas-prices/41697710

Catholic Relief Services names new CEO

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Catholic Relief Services, the Catholic church’s international humanitarian agency, has promoted Sean Callahan to president and CEO to replace outgoing CEO Carolyn Y. Yoo. Callahan, 56, is currently chief operating officer of the Baltimore-based nonprofit. The Howard County resident will begin his new position on Jan. 1. “I am at once honored and humbled to take on this great responsibility,” Callahan said in a statement released Friday. “Our work is so important, both around the world and…

Maryland commission to recommend repeal of 'overly...

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A commission reviewing Maryland’s regulatory environment for business is expected to hand in its second report in December recommending repeals of “overly burdensome” regulations, Chairman Abba David Poliakoff said Friday. Gov. Larry Hogan created the Regulatory Reform Commission last year through an executive order with the goal of figuring out how to improve Maryland’s business friendliness. The commission delivered the first of three scheduled reports last December, recommending items such as…

Under Armour names new North American president

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Under Armour Inc. on Friday named its head of digital revenue as the new president of North America, succeeding Matthew Mirchin who will transition to an adviser role at the company. Jason LaRose will begin the role on Oct. 1. LaRose joined Under Armour in 2013 from Express to lead its global e-commerce business, and last year was named senior vice president of digital revenue. Mirchin, who joined the Baltimore sportswear maker in 2005 and has held a number of executive roles in the company, will…

The new Big Shorts: Whole Foods, Weight Watchers

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The market has been pretty volatile for the past week – but the Dow, S&P 500 and Nasdaq are still not far from their all-time highs.



from http://www.wbaltv.com/money/the-new-big-shorts-whole-foods-and-weight-watchers/41695484

Russia is seriously running out of cash

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Russia is bleeding cash at an alarming rate.



from http://www.wbaltv.com/money/russia-is-seriously-running-out-of-cash/41696470

FDA cracks down on e-cigarette sales to kids

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In a crackdown on the e-cigarette industry, the Food and Drug Administration has issued warning letters to dozens of retailers that violated new rules by selling e-cigarettes, hookah tobacco and other tobacco products to minors.



from http://www.wbaltv.com/health/fda-cracks-down-on-ecigarette-sales-to-kids/41695728

Wells Fargo facing House, Senate hearings

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Wells Fargo’s headaches are quickly piling up. The bank is now facing a potential grilling in front of the powerful House Financial Services Committee over the opening of millions of fake accounts.



from http://www.wbaltv.com/money/wells-fargo-drumbeat-grows-louder-house-hearing-next/41695440