Baltimore Checkbook

Amazon posts its fifth straight quarter of profits

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Amazon learns to stop worrying and love the profits.



from http://www.wbaltv.com/money/amazon-posts-its-fifth-straight-quarter-of-profits/40934448

IBT Media's fired workers say company has no...

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Fired IBT Media workers are rallying against the company, saying recent layoffs came without notice and many fired employees received no severance.



from http://www.wbaltv.com/money/ibt-medias-fired-workers-say-company-has-no-human-decency/40933424

Under Armour exec leaving for Starbucks

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Under Armour Inc. will lose one of its key executives in October when Leanne Fremar departs for Starbucks Corp. Fremar joined the Baltimore-based sportswear maker in 2012, and will step down as executive creative director of the concepts division, which includes apparel, accessories and footwear. Fremar previously led the women’s division and headed the company’s New York office. Fremar’s role has been key to Under Armour as the company has looked to increase its women’s sales. Earlier this year…

How Amazon may solve the glaring weakness of...

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Headphone wearers may one day have the best of both worlds. Anyone seeking to tune out the world around them already has access to high-tech headphones capable of muffling the sounds. Noise-canceling headphones cost several hundred dollars, but are a …



from http://www.wbaltv.com/money/how-amazon-may-solve-the-glaring-weakness-of-noisecanceling-headphones/40932072

Baltimore City Council committee approves $15...

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The Baltimore City Council Labor Committee approved a bill to raise the minimum wage to $15 per hour by 2022, with four votes in favor and one abstention. The bill, which calls for a gradual increase in the city-wide minimum wage, was voted on after one final amendment was approved by the committee, during a work session Thursday. City Councilwoman Mary Pat Clarke, who is sponsoring the bill, introduced an amendment last week allowing small businesses to be exempt from the bill’s provisions. In…

Walters Art Museum taps four minority firms to...

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In an effort to promote diversity and inclusion in the Baltimore arts scene, the Walters Art Museum has hired four minority- and women-owned investment firms to manage a portion of its $116 million endowment portfolio. “We hope to create a ripple effect in the arts community in Baltimore and nationally in the art museum field, encouraging other nonprofit organizations to hire diverse-owned firms to manage their endowment portfolios,” said Julia Marciari-Alexander, the museum’s executive director. The…

How Uber punishes drivers who refuse to use...

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Uber has adopted a tactic with its drivers that parents use on misbehaving children: timeouts. Uber drivers who turn down ride requests risk having their workday paused as Uber locks them out of its system for up to 15 minutes. Some drivers wait patie…



from http://www.wbaltv.com/money/how-uber-punishes-drivers-who-refuse-to-use-uberpool/40926694

Affordable housing complex planned for site near...

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Developers are planning a new 94,000-square-foot low-income housing complex across from Mondawmin Mall. The project by Enterprise Community Partners is planning to break ground next spring. It will be a 70-unit apartment complex with one, two and three-bedroom units located at 2700 Reisterstown Rd. The site is directly across the street from the mall and the Mondawmin Metro stop. Ninety percent of those units will be reserved for residents with low-to-moderate income, Ron Wilson, the director…

Can Democrats find a way to woo small business...

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PHILADELPHIA – When it comes to concerns that small business owners attending the Democratic National Convention have, they are very similar to those expressed by Republicans, particularly overly burdensome regulations. While a plurality of small business owners are Republicans, these Democrats believe their party could woo people like them if they made a more targeted effort. “I don’t think the Democratic Party does a good job at all of courting or talking to small business owners,” said…

Water Street Tavern debuts raw bar downtown

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What started out as a simple tavern in 2006 has developed into so much more over the past decade for Vince Arosemena. Water Street Tavern opened 10 years ago at 104 Water Street in downtown Baltimore and since that time Arosemena has added an expansive outdoor patio, a Key West-themed bar and an upscale wine store. Arosemena put the final touches on his growing business with the opening of a raw bar underneath the Key West bar. The just over 1,000-square-foot space has seating for 24 people and…