Baltimore Checkbook

The price tag of Brexit for Northrop Grumman? $30...

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Northrop Grumman Corp.’s cash balances took a $30 million hit following the U.K.’s decision to leave the European Union in June, the company revealed on a second-quarter earnings call with analysts Wednesday. CEO Wes Bush didn’t indicate that the Brexit vote had an impact on the Falls Church-based defense contractor’s business, but rather that it was simply a “decrement” to its “report cash balances in U.S. dollars,” reflecting "the conversion of balances held in affected foreign currencies.” "While…

Medifast unveils a new product line for its...

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Medifast Inc. hopes to continue its transformation from a weight-loss company to a lifestyle company after unveiling a new brand and 13 new products for its Take Shape For Life division. Owings Mills-based Medifast (NYSE: MED) announced its new brand, OPTAVIA, at a convention last week in Austin. The new products are the first ones exclusive to the direct-selling Take Shape For Life business unit. It is the company’s largest unit, accounting for 78 percent of all first quarter revenue. The new…

Port Covington TIF hearing draws 800 for...

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The record $660 million tax increment financing request by Sagamore Development for its proposed Port Covington project brought about 800 people downtown Wednesday evening to pack a hearing room and dissect its merits. The Taxation, Finance and Economic Development committee of the City Council heard four hours of testimony on the request by the development company owned by Under Armour CEO Kevin Plank. Some of it centered on affordable housing, jobs, labor negotiations and profit sharing, at times…

Home prices have finally recovered from the...

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It’s taken 11 years, but home prices have finally climbed back to pre-crash levels. The median home price in the U.S. was $231,000 last month, according to a report from ATTOM Data Solutions (formerly RealtyTrac). That’s 9% higher than a year ago and…



from http://www.wbaltv.com/money/home-prices-have-finally-recovered-from-the-housing-crash/40922946

Whole Foods struggles to get back on its feet

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Whole Foods still can’t catch a break.



from http://www.wbaltv.com/money/whole-foods-struggles-to-get-back-on-its-feet/40915442

Powerball jackpot hits $422 million, 8th largest...

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There’s another record-breaking jackpot up for grabs.



from http://www.wbaltv.com/money/powerball-jackpot-hits-422-million-8th-largest-ever/40916054

Facebook is unstoppable

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Facebook can do no wrong.



from http://www.wbaltv.com/money/facebook-is-unstoppable/40915060

Apple sells its billionth iPhone

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Welcome to the billion device club, Apple.



from http://www.wbaltv.com/money/apple-sells-its-billionth-iphone/40915508

Legg Mason's first quarter earnings beat analysts'...

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Legg Mason Inc. reported a first-quarter profit Wednesday and saw its assets under management increase because of recent acquisitions. The Baltimore-based money manager announced a $25 million loss for fiscal 2016 at its shareholders meeting the day before. CEO Joseph Sullivan characterized the year as “challenging” but said the company was positioned for future success. Legg Mason reported earnings of $33.5 million, or 31 cents per share, in the first quarter ending June 30. The earnings are a…

Owner of ClintonKaine.com wants $90,000

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A lawyer and artist in Washington D.C. hopes to gain tens of thousands of dollars from a prescient decision he made years ago.



from http://www.wbaltv.com/money/owner-of-clintonkainecom-wants-90000/40911024