Baltimore Checkbook

8 things you need to know this morning

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Happy Thursday! Expect partly cloudy skies and temperatures in the low 60s. Here are eight things to know. • City Councilman Nick Mosby dropped out of the mayoral race and threw his support behind state Sen. Catherine Pugh, who picked up several endorsements on Wednesday. [Baltimore Sun] • Hillary Clinton and U.S. Sen. Bernie Sanders are both airing ads in Maryland that invoke the deaths of African Americans in police custody, a move the candidates hope shows their commitment to criminal justice…

Silver Diner closing Laurel location after 25...

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Regulars at the Laurel Silver Diner will have to find another place for their diner fix, as the location of the local chain shut its doors for good April 12. Owners Bob Giaimo and Ype Von Hengst emailed customers about the closure, pointing out that Silver Diner’s Greenbelt location, at 6040 Greenbelt Road, is just 15 minutes from the Laurel location. Silver Diner was open for 25 years on Baltimore Avenue in Laurel. The restaurant’s lease was up, and a spokeswoman for Silver Diner said “from…

Tax preparers are charging low-income workers high...

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Baltimore’s low-income workers are likely losing large chunks of their tax returns to filing fees at tax-preparation chains, finds a new study being released Thursday by a progressive think tank that was co-authored by a Johns Hopkins University professor. The study, out just in time for the coming of Tax Day on Monday, gauged prices at three large tax preparation chains operating in Baltimore and Washington, D.C. It found quoted prices in Baltimore ranging from $309 to $509 and prices in D.C. coming…

Argentina wins big victory to end 15 years in...

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Argentina is coming back to world markets after being shut out for 15 years.



from http://www.wbaltv.com/money/argentina-wins-big-victory-to-end-15-years-in-default/39011840

Uber discloses information it handed over to...

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If you thought that Uber ride was between you, the driver and your smartphone that may not have been the case.



from http://www.wbaltv.com/politics/uber-discloses-information-it-handed-over-to-government/39009254

DuClaw Brewing Co. parts ways with Bel Air, Bowie...

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Beer is why David Benfield started DuClaw Brewing Co. 20 years ago. And beer is why Benfield is now turning his focus solely on the brewing and distribution while relinquishing ownership of two DuClaw restaurants. DuClaw is currently in the process of transferring ownership of its Bel Air and Bowie restaurants to an undisclosed new owner. Benfield confirmed the owner operates Greene Turtle Sports Bar and Grill franchises, but said the DuClaw restaurants will not become Greene Turtle locations. The…

Legg Mason closes acquisition of Clarion Partners

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Legg Mason Inc. has completed the largest of three deals under a major diversification push unveiled earlier this year, purchasing a majority stake in New York real estate investor Clarion Partners. Baltimore-based Legg (NYSE: LM) said Wednesday it closed on an 82 percent equity interest in Clarion. The deal was first announced in January with a value of $585 million. It gives Legg a new investment affiliate with $40 billion in assets under management and more than 30 years in the industry. Clarion,…

Here's a glimpse of what the new Shops at...

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Next week, the first phase of a $20 million redevelopment of The Shops at Kenilworth will be unveiled with the grand opening of the newly minted, one-story Stebbins Anderson home goods store on the lower level. The project to reconfigure and upgrade the 142,000-square foot mall in Towson began last year. When the redevelopment is completed in 2017, the mall will have a Trader Joe’s, a market place, wine bar and a new, modern vibe. Greenberg Gibbons Commercial Corp., owner of The Shops at Kenilworth,…

Nearly 20% of big companies pay zero corporate...

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Nearly 20% of large U.S. corporations that reported a profit on their financial statements in 2012 ended up paying exactly nothing in U.S. corporate income taxes.



from http://www.wbaltv.com/money/20-of-big-companies-pay-zero-corporate-taxes/39002012

Massive LA home can be yours for $150 million

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A gigantic 38,000 square foot home has hit the market on one of the most expensive streets in the U.S.



from http://www.wbaltv.com/money/this-massive-la-home-can-be-yours-for-150-million/39006574