Baltimore Checkbook

Trump campaign hauls $80 million in July

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Donald Trump’s campaign posted $80 million in fundraising last month in conjunction with the Republican Party, mostly through small-dollar donations it solicited from supporters online and by mail.



from http://www.wbaltv.com/politics/trump-campaign-hauls-80-million-in-july/41035436

More than 100 people laid off at Time Inc.

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Time Inc. will lay off roughly 110 members of its staff this week as part of an ongoing reorganization of its advertising sales strategy, a source there told CNNMoney. The layoffs will be across the company, but will focus on the sales and marketing t…



from http://www.wbaltv.com/money/more-than-100-people-laid-off-at-time-inc/41034680

Venezuela's cash could run out 'within a year'

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Venezuela is running out of money and time. The country’s central bank only has $11.9 billion in reserves, down sharply from $30 billion in 2011. A few large debt payments are coming due soon. Starting in October, Venezuela owes a total of $4.7 billi…



from http://www.wbaltv.com/money/venezuelas-cash-could-run-out-within-a-year/41032772

Penn Station redevelopment takes another step...

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The long-anticipated redevelopment of Penn Station will begin anew next week. After a four-year agreement between Amtrak and Beatty Development Group to redevelop the 105-year-old Beaux Arts landmark and surrounding land in midtown fell apart earlier this year, the effort will be topic of an “industry day” forum on Aug. 10. The event will be held by Amtrak in the moot courtroom of the University of Baltimore’s John and Frances Angelos Law Center beginning at 10 a.m. An Amtrak official said Wednesday…

Michael Phelps to be USA's flag bearer for Rio...

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Baltimore native Michael Phelps will carry the American flag for Team USA during Friday’s opening ceremonies of the 2016 Olympic Games in Rio de Janeiro. Phelps, who started his Olympic swimming career in 2001 at age 15, is the most-decorated Olympic athlete of all time. His fellow USA teammates voted and selected him to bear the flag and lead the team into the stadium during the ceremony. The selection was revealed on NBC’s “Today Show” Wednesday morning. “Right when I got out of the pool yesterday…

Sinclair earnings meet expectations as political...

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Sinclair Broadcast Group Inc.’s second-quarter earnings met Wall Street estimates and increased year-over-year due to an increase in revenue from political advertising and digital offerings. The Hunt Valley-based television broadcaster reported net income of $50.6 million, or 52 cents per share, in its second quarter ending June 30. Analysts polled by Thomson Financial Network also expected earnings of 52 cents. Sinclair’s (NASDAQ: SBGI) earnings represent an increase from the second quarter last…

Why Americans aren't shopping till they drop

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Are American consumers tapped out? Even though consumer spending was one of the few bright spots in the shockingly poor gross domestic product report for the second quarter, there are growing signs consumers won’t be able to keep propping up the econo…



from http://www.wbaltv.com/money/why-americans-arent-shopping-till-they-drop/41032548

Kinglet is offering free office space to...

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A self-described “Airbnb for business” is partnering with two local companies to offer free office space to businesses damaged in the Ellicott City floods. Kinglet, a local operation that helps other businesses list their unused office space online for rent, says it has room for several small businesses that need to stay open while they repair any damage sustained in the flood that damaged portions of the historic city’s Main Street. BTS Software Solutions and construction company Allen & Shariff…

Hulu valued at $5.8 billion after Time Warner...

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The streaming TV service Hulu is gaining a fourth parent: Time Warner, the parent of CNN.



from http://www.wbaltv.com/money/hulu-valued-at-58-billion-after-time-warner-investment/41030170

Sinclair's offices in Arlington stay put

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Sinclair Broadcast Group Inc. has decided to remain in Rosslyn, concluding a search that included the prospect of moving across the Potomac River to the District or Maryland. The broadcaster’s Sinclair Television Group Inc. subsidiary, which includes ABC affiliate WJLA Channel 7 and NewsChannel 8, has signed on with Monday Properties for another 15 years at 1000 and 1100 Wilson Blvd., a 1.1 million-square-foot complex near the Rosslyn Metro. The roughly 110,000-square-foot renewal removes a major…