Baltimore Checkbook

Severn Savings bank names new CFO

http://baltimorecheckbook.tumblr.com/post/147959851882/severn-savings-bank-names-new-cfo#_=_

Paul Susie has been named the new CFO at Severn Bancorp Inc. following Thomas G. Bevivino’s retirement last month. Severn Bancorp, the parent company of Annapolis-based Severn Savings Bank, announced Bevivino’s retirement in May and initiated a search. Bevivino worked at the community bank for 12 years. Susie previously worked as CFO at Hopkins Federal Savings Bank, which was acquired by Columbia-based Bay Bancorp Inc. earlier this year. Before working at Hopkins Federal, Susie was the CFO for…

Baltimore Mayor Stephanie Rawlings-Blake to gavel...

http://baltimorecheckbook.tumblr.com/post/147959056582/baltimore-mayor-stephanie-rawlings-blake-to-gavel#_=_

Mayor Stephanie Rawlings-Blake will gavel in the opening of the 2016 Democratic National Convention following the resignation of Democratic National Committee Chair Debbie Wasserman Schultz. Rawlings-Blake is currently the secretary of the Democratic National Committee. Schulz announced today that she will not address the convention following a series of leaked emails over the weekend that implied Schulz had shown favor toward candidate Hillary Clinton over Bernie Sanders in the party’s primary…

T. Rowe's stakes in Yahoo, Verizon could yield...

http://baltimorecheckbook.tumblr.com/post/147958352757/t-rowes-stakes-in-yahoo-verizon-could-yield#_=_

Verizon Communication’s $4.83 billion acquisition of Yahoo stands to impact mutual funds run by T. Rowe Price that have stakes in both companies. The deal was the talk of the business world Monday. Verizon will acquire the web assets of Yahoo in the cash transaction, and integrate the company with AOL. Yahoo, whose valued exceeded $100 billion during the dot-com boom, has been seeking to sell its assets at auction. Mutual funds run by Baltimore-based T. Rowe have large stakes in both companies.…

Locals are feeling the heat — but Baltimore's...

http://baltimorecheckbook.tumblr.com/post/147958352472/locals-are-feeling-the-heat-but-baltimores#_=_

Summer brings the warm weather that invites people outdoors to enjoy the sun, the breeze and, usually, an activity or meal. But what do people do when it is too hot to be outside for any extended period of time? That was the question Baltimore residents and tourists faced over the weekend and even into Monday as temperatures creeped around 100 degrees beginning Friday, and exceeding that point on Monday. The Baltimore Orioles hosted one the biggest non-division matchups of the year over the weekend…

Extreme heat makes lunch-goers angry, while others...

http://baltimorecheckbook.tumblr.com/post/147957628167/extreme-heat-makes-lunch-goers-angry-while-others#_=_

Standing at intersections, waiting to cross, be-suited men and women in dresses fanned themselves and stared angrily at the cross signs, grumbling about the heat. “It’s like a freaking oven out here,” complained a man in black pants and a collared blue shirt. His sleeves were rolled up over his elbows and sweat marks rolled down his back. “It’s awful, just ridiculous. I don’t even know why I came out here today,” a woman standing next to him agreed. Monday was a code red day and…

While hosting political conventions, cities and...

http://baltimorecheckbook.tumblr.com/post/147955381557/while-hosting-political-conventions-cities-and#_=_

PHILADELPHIA – It was a friendly gesture but one that Dan Walsh, CEO of real estate investment firm Citymark Capital, hopes will pay long-term dividends. While hanging out last week at the bar in Cleveland’s Westin Hotel, Walsh ran into an oil billionaire from the West. They got to chatting and the oil man mentioned that he liked to take long walks in the morning. Later, Walsh sent him an email outlining a route that would take the man and his wife through Cleveland’s revitalized Flats district,…

Gaithersburg rare disease startup Vtesse Inc. nabs...

http://baltimorecheckbook.tumblr.com/post/147955381157/gaithersburg-rare-disease-startup-vtesse-inc-nabs#_=_

Gaithersburg biotech startup Vtesse Inc. — a company with a goal to commercialize National Institutes of Health rare disease drug candidates — secured $17 million in additional Series A funding, it was announced Monday. The round was led by repeat investors Alexandria Venture Investments, Bay City Capital LLC, Lundbeckfond Ventures, New Enterprise Associates and Pfizer Venture Investments. The funding will be used to expand global clinical trials for its lead drug candidate VTS-270, a medicine…

U.S. economy seen as safe haven in chaotic world

http://baltimorecheckbook.tumblr.com/post/147954004222/us-economy-seen-as-safe-haven-in-chaotic-world#_=_

Contrary to the ominous picture painted by Donald Trump, America has once again emerged as a port of safety for investors navigating the stormy world.



from http://www.wbaltv.com/money/us-emerges-as-safe-haven-amid-chaotic-world/40871924

Baltimore Co. school supply drive begins

http://baltimorecheckbook.tumblr.com/post/147952637807/baltimore-co-school-supply-drive-begins#_=_

The annual Baltimore County Public Schools’ supply drive starts Monday.



from http://www.wbaltv.com/education/baltimore-county-school-supply-drive-begins-monday/40871744

Johns Hopkins ups the ante on 'live where you...

http://baltimorecheckbook.tumblr.com/post/147951286052/johns-hopkins-ups-the-ante-on-live-where-you#_=_

It’s the ultimate pop-up sale. On Sept. 10, Johns Hopkins University is offering $36,000 in cash during a “one day sale” to thousands of its full-time employees to help buy a home in the 88-acre East Baltimore Development Inc. development. The “live near your work” special is being paid out of funds from the Johns Hopkins Health System and aims to jumpstart a push toward homeownership in the massive redevelopment in Middle East, in an area renamed Eager Park by private developers now building there. A…