Baltimore Checkbook

McCormick drops bid for Premier Foods

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McCormick & Co. Inc. is walking away from its attempt to buy Premier Foods plc. Sparks-based McCormick (NYSE: MKC), a spice and seasoning maker that’s one of the largest public companies in Greater Baltimore, has dropped a $770 million offer to buy the British food maker of Mr. Kipling cakes and Oxo stock, it said Wednesday morning. Premier’s asking price was too high. The decision follows Premier exposing in March earlier takeover offers by McCormick. The companies agreed to engage and review…

Wendell Pierce invests in $20 million Baltimore...

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Actor Wendell Pierce believes that social justice in the 21st century lies in economic development.



from http://www.wbaltv.com/money/wendell-pierce-invests-in-20-million-baltimore-housing-complex/38989256

You can now apply for a $450,000 Ford GT

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Ford Motor Co. has officially begun taking applications to buy its new high-performance supercar, the Ford GT.



from http://www.wbaltv.com/money/you-can-now-apply-for-a-450000-ford-gt/38998522

Baltimore area workers join Verizon strike

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Landline and cable workers from the Baltimore area are among the approximately 39,000 Verizon workers on the East Coast walked off the job Wednesday morning after little progress in negotiations since their contract expired nearly eight months ago.



from http://www.wbaltv.com/news/baltimore-area-workers-join-verizon-strike/39001466

36,000 Verizon workers go on strike

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36,000 Verizon workers have walked off the job Wednesday after failing to reach a new labor agreement.



from http://www.wbaltv.com/money/36000-verizon-workers-go-on-strike/39001014

8 things you need to know

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Good morning and happy Wednesday. The Orioles continued their win streak and the sun will shine again today. Here’s what else you need to know to start your morning. Good news for crab lovers. State officials are predicting a “robust season” for crabbing in the Chesapeake Bay, with the number of crabs expected to be among the highest in years. [ Baltimore Sun] Spirited Media, which owns and operates the Philadelphia-based news site, Billy Penn, is scouting Baltimore, Chicago or Pittsburgh as the…

Mount Vernon's The Bun Shop expands with second...

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One location just wasn’t enough for childhood neighbors and The Bun Shop co-owners as the managing trio will open a second location at 22 Light St. on April 18. Minh Vo partnered with siblings Andrew and Lam Bui, who grew up just down the street from one another in South Florida, to open The Bun Shop at 239 W. Read St in 2013. The cafe bakery specializes in buns from all parts of the world, from Paraguayan empanadas to English pasties, and, as Vo puts it, basically “anything meat or veggie inside…

Largest U.S. coal company files for bankruptcy

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Peabody Energy, the world’s largest private-sector coal producer, filed for bankruptcy on Wednesday in a U.S. court, citing “unprecedented” industry pressures and a sharp decline in the price of coal. The company said it will continue to operate while…



from http://www.wbaltv.com/money/the-largest-us-coal-company-just-filed-for-bankruptcy/38999802

Napster founder announces $250 million grant to...

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The man whose file-sharing service terrorized the music industry is injecting $250 million into the fight against cancer. Silicon Valley billionaire Sean Parker announced a $250 million grant on Wednesday to establish the Parker Institute for Cancer I…



from http://www.wbaltv.com/money/napster-founder-sean-parker-announces-250-million-grant-to-fight-cancer/38999656

Oil hits new 2016 high

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Oil touched a new 2016 high after rumors that Saudi Arabia and Russia have reached a deal to freeze oil output.



from http://www.wbaltv.com/money/oil-hits-new-2016-high/38988656