Baltimore Checkbook

Kevin Plank's Sagamore Spirit rye whiskey to be...

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Three years ago, Under Armour Inc. CEO Kevin Plank said he wanted to debut a new brand of whiskey using water from his Sagamore Farm by time the Preakness came around in 2016. The annual horse race will take place May 21 and spectators will have a chance to try the new Sagamore Spirit Straight Rye Whiskey following its release May 13. The whiskey will be available in a limited first batch in a number of Maryland restaurants, bars and liquor stores, as well as around Washington, D.C., although Sagamore…

Split costs drive W.R. Grace to first-quarter loss

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Costs related to W. R. Grace & Co.’s corporate split dragged the Columbia-based catalyst maker to a first-quarter loss in earnings released Wednesday. Grace (NYSE: GRA) absorbed $40 million in after-tax costs related to the February spinoff of its construction chemicals and building materials lines into separate company, GCP Applied Technologies Inc. The costs helped drop Grace to a net loss of $2.7 million, or 4 cents per share, in the quarter ending March 31. Net sales also fell 8.6 percent during…

Business groups gear up to work with Catherine...

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Business groups pledged to work with newly elected officials Wednesday, the day after primary voters tagged state Sen. Catherine Pugh as Baltimore’s likely next mayor and put eight of 14 city council seats in line for new members. Pugh headlined coming changes, winning the Democratic primary that effectively serves as the major election in deep-blue Baltimore City. But the primaries allow groups to more deeply discuss issues with both Democratic and Republican nominees for many offices, said Donald…

SpaceX plans Mars mission for 2018

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SpaceX’s first mission to Mars could be less than two years away. The space exploration company – headed by Tesla CEO Elon Musk – tweeted Wednesday that it plans to put an unmanned spacecraft on Mars “as soon as 2018.” That’s the latest update to S…



from http://www.wbaltv.com/money/spacex-plans-mars-mission-for-2018/39243844

No rate hike: U.S. worries keep Fed on hold

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The Federal Reserve isn’t budging for now.



from http://www.wbaltv.com/money/no-rate-hike-us-worries-keep-fed-on-hold/39244104

The iPhone 6S has been a major disappointment for...

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To say that Apple’s iPhone 6S has failed to live up to expectations is an understatement.



from http://www.wbaltv.com/money/the-iphone-6s-has-been-a-major-disappointment-for-apple/39244336

Rawlings-Blake: Baltimore is 'center of...

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Mayor Stephanie Rawlings-Blake called for reflection Wednesday on the one-year anniversary of the major rioting, looting and unrest that broke out in the wake of Freddie Gray’s death in police custody. Progress has been made in police practices and community engagement, the mayor said. But she called for continued efforts to address the city’s persisting issues. “Baltimore has become the center of conversation and debate over police misconduct and the urban challenges facing cities across America,"…

Startup showcase highlights Johns Hopkins...

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How can we detect ovarian cancer before it’s too late? Can we make wounds heal faster? What are the alternatives to bariatric surgery for people with type 2 diabetes? Is there a way to reduce complications and cost in reconstructive surgery? These are some of the questions Baltimore’s health care technology startups are racing to answer. A few such companies presented their businesses during the Mid-Atlantic University Technology Day, a startup showcase featuring companies from Johns Hopkins…

'Captain America: Civil War' ready to take off...

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“Captain America: Civil War” will open in international markets this weekend in a build-up of what analysts believe could be the biggest U.S. box office opening of the year.



from http://www.wbaltv.com/money/captain-america-civil-war-ready-to-take-off-at-international-box-office/39227634

Germany's $1.4 billion boost for electric cars

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Germany is giving electric cars a big push. The government has joined forces with three of the country’s biggest automakers to launch an incentive program to boost sales of electric and hybrid vehicles. Buyers will get rebates of 4,000 euros on elect…



from http://www.wbaltv.com/money/germanys-14-billion-boost-for-electric-cars/39241612