Baltimore Checkbook

Lockheed Martin moves to cut 1,000 jobs

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Lockheed Martin Corp. (NYSE: LMT) is launching a voluntary layoff program in its aeronautics business with an eye on eliminating about 1,000 jobs. That’s a little less than 1 percent of the Bethesda-based defense giant’s total workforce. The reductions are needed “to position Lockheed Martin Aeronautics to be competitive in the future marketplace, secure future business opportunities, and keep an infrastructure appropriately aligned with customer demands,” Lockheed said in a statement. The…

Hollander Business Park expands by 80,000 square...

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An 80,000-square-foot warehouse is set to be complete later this month in the expanding Hollander Business Park, located off of Interstate 95 at the site of a former public housing complex. The warehouse space developed by Sparks-based FRP Development Corp. will be added to the existing 180,000 square feet of warehouse and office space at the business complex. The site once held Hollander Ridge housing units, run by the Housing Authority of Baltimore City. In all, the 51-acre business park located…

Graduate sues law school for fraud

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Anna Alaburda still couldn’t find a job as an attorney three years after graduating from Thomas Jefferson School of Law. So she sued the school.



from http://www.wbaltv.com/money/graduate-sues-law-school-for-fraud/38409336

8 things you need to know this morning as you...

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Who’s going to work today? I’m sure many of us are tempted by the sudden onslaught of spring — it’s going to hit 80 today — to cancel that afternoon meeting and schedule a tee time instead. I guess we’ll be able to measure the extent of spring fever by this morning’s traffic. Even if you are working, take solace that this weather will last at least through Thursday night. Here’s what else you need to know. The warm weather has pushed up the expected arrival of the cherry blossoms in Washington,…

Abell Foundation is known for its grant-making but...

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The Abell Foundation is known for its grant-making, but this leading philanthropic organization is quietly making its mark as a venture investor, as well. In 2015, Baltimore-based Abell invested $1.1 million in six startup companies, focusing on those that are working on solutions to important social, economic and health problems — and that commit to Baltimore. “We’re really trying to work with and leverage the strengths in Baltimore and in the university systems to bring those promising…

Canada to put a new woman on its currency by 2018

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Canada is redesigning its cash to feature a new woman.



from http://www.wbaltv.com/money/canada-to-put-a-new-woman-on-its-currency-by-2018/38411734

Lawmakers mull over 2 off-track betting bills

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The highly contentious debate over year-round off-track betting at the Timonium Fairgrounds was up for discussion again Tuesday as state lawmakers in Annapolis mull over two pieces of emergency legislation.



from http://www.wbaltv.com/politics/lawmakers-mull-over-2-offtrack-betting-bills/38407008

More Americans are getting back to work

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Americans are more confident they can get a job.



from http://www.wbaltv.com/money/more-americans-are-getting-back-to-work/38404062

Baltimore company pays $30M for Philadelphia...

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Baltimore-based MCB Real Estate has paid $30 million for a 265,825-square-foot shopping center in the Philadelphia area. The Drexeline Shopping Center is on 18.5 acres at Route 1 and State Road in Upper Darby, Pa. MCB owns other Philadelphia-area properties including 840 Cottman Ave., 140 N. McDade Blvd. and Airport Plaza. The property is a retail destination and institution in Upper Darby. It was developed in 1950 by the Seegul family, who were also the sellers. While it has large anchors such…

Take a whiff: McCormick goes for the savory in...

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McCormick & Co. Inc. has once again taken the concept of “scratch and sniff” to a higher level with an annual report that smells good enough to eat. The smell of lemony coriander pops off the pages of the spice company’s 2015 annual report, making 78 pages of financials and pictures of board members in suits a page-turner. It’s a continuation of a 30-year-plus tradition at McCormick (NYSE:MKC) that has shareholders waiting expectantly for the scent each year. (That’s probably only second to the…