Baltimore Checkbook

What the heck is the Fed waiting for to hike...

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Surprise! The Federal Reserve almost certainly won’t hike rates in September.



from http://www.wbaltv.com/money/what-the-heck-is-the-fed-waiting-for-to-hike-rates/41486306

Sagamore Development agrees to 20 percent...

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Sagamore Development has agreed to provide 20 percent of its housing stock at the massive Port Covington project as affordable housing units, sources close to ongoing negotiations said Friday. The inclusionary housing pledge is expected to be announced next week as Sagamore seeks approval from a City Council committee of legislation for a record-setting $660 million tax increment financing request. In a draft copy of a new memorandum of understanding obtained by the Baltimore Business Journal,…

Flying Dog, Jailbreak breweries partner on new...

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Ellicott City residents and business owners are already on the path toward recovery from the historic July 30 flood, but there is still a long way to go and two Maryland breweries are hoping to lend a helping hand. Flying Dog Brewery, out of Frederick, and Jailbreak Brewing Co., located in Laurel, are teaming up to release Watershed Moment Belgian IPA on Sept. 9 with the premiere at Judge’s Bench and the Wine Bin, two Ellicott City establishments that recently opened back up following the destruction…

Under Armour CEO Kevin Plank to sell nearly 2...

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Under Armour CEO Kevin Plank plans to sell a large chunk of the sportswear maker’s stock currently valued at more than $80 million. Through a pre-arranged trading plan, Plank plans to sell 1.875 million of his personal shares of Under Armour’s Class C common stock and up to 200,000 shares of the company’s Class C common stock held by his charitable foundation, according to a federal filing. The sale is being completed for asset diversification, tax and estate planning and charitable giving purposes,…

Jack Ma: Wars start when trade stops

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Jack Ma has a warning for those who see globalization as a problem: When trade stops, wars can follow.



from http://www.wbaltv.com/money/jack-ma-wars-start-when-trade-stops/41483584

Chipotle expanding in Maryland with four new...

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Chipotle Mexican Grill Inc., the fast-casual eatery known for its monstrous burritos, is expanding with four more stores in Greater Baltimore. The first new restaurant will open at 9210 Baltimore National Pike in Ellicott City by the end of 2016. The location is along a busy retail and restaurant corridor in Ellicott City and will take on a Qdoba Mexican Eats across the street. Danielle Moore, a Chipotle spokeswoman, said the company will open a location at 36 Market Space in Annapolis in first…

Two years after bankruptcy, Trulands agree to pay...

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More than two years after the Washington D.C. region’s largest electrical contractor abruptly shut down, Truland Group Inc. CEO Robert Truland and his wife, Mary, have agreed to pay $4.9 million to settle a legal dispute stemming from the lead-up to the company’s 2014 bankruptcy. The settlement covers any and all potential claims the company’s bankruptcy trustee could have brought against the couple andavoids a public trial that was scheduled to start later this month stemming from the Reston, Va.-based…

Ireland doesn't want $14.5 billion in tax from...

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Ireland is turning its back on a massive tax windfall from Apple.



from http://www.wbaltv.com/money/ireland-doesnt-want-145-billion-in-tax-from-apple/41484354

Free breakfast sandwich at Chick-fil-A

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Get a free breakfast sandwich at Chick-fil-A.

Download the chain’s free Chick-fil-A One mobile app to get a free new Egg White Chicken Grill, Chick-fil-A Chicken Biscuit or 3-count Chick-n-Minis.

No purchase is necessary.

Download the app, sign up with an email address and find the offer in the…

Safeway Eastern Division brings on a new president

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Safeway’s parent company, Albertson’s, has named Dan Valenzuela as the new president of its Eastern division, replacing Steve Burnham in the grocer’s top job for the Baltimore-Washington region. Valenzuela’s new role is effective immediately. He comes from the company’s Seattle division, where he has been president since 2014, the year Albertsons Cos. acquired Safeway. Before that, he presided over Safeway’s Phoenix division, where he’d also served as vice president of operations. Valenzuela started…