Baltimore Checkbook

America's part-time workforce is huge

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Federal Reserve Chair Janet Yellen has talked about part-timers at each of her last three press conferences.



from http://www.wbaltv.com/money/americas-parttime-workforce-is-huge/39202602

Steve Case's foundation sees potential in...

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Social impact investing is on the rise and those doing the investing see potential in Baltimore. Venture capital and companies with a social mission — giving back to the community in some way — used to be like oil and water. But investors are increasingly seeing the potential of do-gooder companies and combing the startup ranks for worthy investments. “I think Baltimore is catching up still, but they could be on the hockey stick,” said Sheila Herrling, the senior vice president of social…

You can now open a Goldman Sachs account with $1

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One of Wall Street’s biggest banks is now open to Main Street.



from http://www.wbaltv.com/money/you-can-now-open-a-goldman-sachs-account-for-1/39202244

Who gets Prince's millions?

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Prince had no children, his parents are both deceased, and he was twice divorced. So who will inherit his millions?



from http://www.wbaltv.com/money/who-gets-princes-millions/39201496

Charles Koch: System is 'rigged' in favor of...

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Republican billionaire mega-donor Charles Koch and Democratic Socialist Bernie Sanders may agree on one thing: The U.S. economic system - especially the tax code - is “rigged” in favor of the wealthy.



from http://www.wbaltv.com/money/charles-koch-system-is-rigged-in-favor-of-wealthy/39200122

Bob Evans closes 21 restaurants, including one in...

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Bob Evans Farms Inc. is closing another 27 restaurants. The restaurant and food products company Monday said it shuttered 21 restaurants over the weekend, including a location in Gambrills, with another six expected to close in fiscal 2017. The sites that already closed are on land that the company owns, while the remaining six are on leased property. April 29 is the end of Bob Evans’ fiscal year for 2016. “Performance at each of these locations … was not meeting expectations,” CEO Saed Mohseni…

The historic Knickerbocker building downtown sells...

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One of the surviving buildings of the Great Baltimore Fire of 1904 — The Knickerbocker — has sold for $1.35 million. The Knickerbocker, located at 218 E. Lexington St. in the central business district near City Hall, has a floral business and a pub on the ground level. It is fully leased. The remainder of the seven-level, redbrick 17,890-square foot building is used for office space. Palmstone Knickerbocker LLC, an entity controlled by Omaha-based investor George Zourdoumis, was the buyer,…

Howard Bank taps BB&T's top Maryland executive to...

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Howard Bank snagged one of Greater Baltimore’s big-name bankers to fill its vacant chief lending officer role, hiring the man who oversaw the integration of Susquehanna Bank into BB&T last year. Ellicott City-based Howard said Monday it has hired James D. Witty to the role of executive vice president and chief lending officer. Witty, a 27-plus-year industry veteran, had been Maryland regional president for Winston-Salem, N.C.-based BB&T, a role he assumed after BB&T bought his previous employer,…

11,000 jobs at risk as two UK retailers implode

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Roughly 11,000 jobs are at risk as two fading British retailers announce that they’re going into administration – the U.K. equivalent of Chapter 11 bankruptcy.



from http://www.wbaltv.com/money/11000-jobs-at-risk-as-two-uk-retailers-implode/39199566

Gannett makes offer for Baltimore Sun parent...

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Gannett Co. has floated a proposal to buy Tribune Publishing in a $400 million deal — about $815 million when counting assumption of debt. Gannett (NYSE: GCI), based in Tysons Corner, Va., and the parent of USA Today and other properties, said on Monday that it would make an all-cash offer of $12.25 per share, above Tribune’s (NYSE: TPUB) $8.50 share price. Gannett also released a letter to Chicago-based Tribune in which it said it is “disappointed” by “Tribune’s continued refusal to…