Baltimore Checkbook

iFly indoor skydiving opens in White Marsh — and...

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I always dreamed of flying. From a young age, the idea of flying in an airplane or shooting off in a spaceship interested me for the fact that you were defying gravity while everyone else was stuck on the ground. Plus, Superman flew, and what little boy didn’t want to be like Superman? In reality, I didn’t get on an airplane until I was 16 and the closest I had come to flight was jumping really high on my childhood trampoline. On Tuesday in White Marsh, however, that all changed. iFly Baltimore,…

Cisco reportedly cutting 14,000 jobs globally

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Silicon Valley tech giant Cisco (Nasdaq: CSCO) may be cutting upwards of 14,000 jobs across its worldwide workforce, or 20 percent of its headcount. That’s according to multiple media reports stemming from a CRN article that cites “multiple sources close to the company.” Cisco (NASDAQ: CSCO) could not be reached early Wednesday. The last time Cisco announced plans for massive cuts across the company was August 2014 – a move that affected 6,000 employees. Reportedly, Cisco will announce…

Target's restroom fix in face of boycott over...

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Target, facing a boycott over its policy of allowing transgender customers and employees to use the bathroom of their choice, says it will spend $20 million to expand bathroom options at all of its U.S. stores.



from http://www.wbaltv.com/money/targets-restroom-fix-in-face-of-boycott-over-transgender-policy/41245796

Venezuela chaos: The biggest threat to cheap oil

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Venezuela’s deepening chaos could soon create tremors in the global oil markets. Already in an economic and humanitarian crisis, Venezuela’s oil production – the country’s sole lifeline for revenue – has hit a 13-year low. As the situation worsens,…



from http://www.wbaltv.com/money/venezuela-chaos-the-biggest-threat-to-cheap-oil/41245304

These 61 Baltimore-area companies made the Inc....

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Sixty-one companies from Greater Baltimore made this year’s Inc. 5000 list. Landing on Inc.’s annual list is usually a bragging point for CEOs and other company leaders, and generally signifies that a company is growing quickly and poised to boom in the coming years. The list ranks companies based on three-year revenue growth, in this case from 2012 through 2015. Below is a complete list of all the companies that made the list, including their industry, the town that the business is based in and…

Corrigan Sports takes over Delaware running...

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Corrigan Sports Enterprises, which oversees the Baltimore Running Festival, has acquired the Discover Bank Delaware Marathon and Running Festival that takes place each May. The Wilmington running festival will be entering its 14th year in 2017 and Corrigan Sports President Lee Corrigan said it was a matter of the right opportunity being available that lined up with what his company is looking to do for the future. Elkridge-based Corrigan Sports will handle public relations, marketing, advertising,…

Bank of America: It's time to buy oil stocks

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It’s no secret that when oil prices rise, energy stocks tag along for the ride.



from http://www.wbaltv.com/money/bank-of-america-its-time-to-buy-oil-stocks/41242190

Apple slips as worries about iPhone sales linger

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The iPhone 7 can’t come soon enough for Apple – and its investors. Apple already reported last month that sales of its iconic smartphones fell in its most recent quarter, which ended in June. But it looks like the slump has continued. Retail giant T…



from http://www.wbaltv.com/money/apple-slips-as-worries-about-iphone-sales-linger/41244510

Ellicott City business, property owners get $2.5M...

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Ellicott City small business owners will have access to an additional $2.5 million in loans to help them recover from flooding after the Board of Public Works approved a request from Governor Larry Hogan. The board on Wednesday approved the Department of Housing and Community Development as an eligible fund manager, and granted the department $2.5 million from the small, minority and women-owned business account to make zero- and low-interest loans. The funds aim to help affected businesses to…

Uber sues over rules requiring drivers to take...

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Uber has launched a legal battle against new rules requiring London taxi drivers to learn English. Drivers from non-English speaking countries will have to pass a language exam before securing a private hire permit in London starting October 1. But Ub…



from http://www.wbaltv.com/money/uber-sues-over-rules-requiring-its-drivers-to-speak-english/41241984