The Daily Record (Baltimore)

Loss of Volvo Ocean Race Stopover Means No '09 Waterfront Festival for Baltimore's Inner Harbor

When the organizers of the Volvo Ocean Race announced Thursday that the race would not be returning to Baltimore and Annapolis for the 2008-2009 season, the first victim was the Waterfront Festival on the Inner Harbor. The four-day event, which drew 300,000 people to downtown Baltimore last spring, was canceled for 2009 because the race was not stopping in the city.

Baltimore Killer Turned to Religion with Passion After Breakup, Jurors Told

Jamaal A. Abeokuto possesses a religious fervor that is almost "over the top," the convicted child-killer's brother testified yesterday at a sentencing hearing. Abeokuto, who was convicted of first-degree murder two years ago, can barely have a conversation without talking about God or his faith, the brother, Grant Hamlett, said.

New Plan for Legg Headquarters, Green Building Requirements Ok'd by Baltimore Planning Commission

The Baltimore Planning Commission Thursday gave its blessing to three major pieces of legislation, two that would advance the construction of Legg Mason's new headquarters at Inner Harbor East and another that would require green buildings in city-funded projects. The commission approved amendments to both the urban renewal plan for Inner Harbor East and the planned unit development, or PUD, previously approved for the Four Seasons Hotel project. H&S Properties Development Corp., which is dev...

Rockville-Based Sequella Inc. Test Successful

Bethesda-Based Lockheed Martin Corp. Gets C-5m Award

Bird Flu Vaccine Milestone at Rockville-Based Novavax Inc.

Gaithersburg-Based Ace*Comm Elects Ceo

News Summary

COPT's net income drops Corporate Office Properties Trust, of Columbia, a real estate investment trust that invests in suburban office properties primarily in the Greater Washington region, said its first-quarter net income dropped to $1.6 million, or 3 cents per diluted share, compared to $6.3 million, or 15 cents per diluted share, in the prior-year period. The decrease was largely due to a $7.9 million increase in depreciation and amortization, driven principally by COPT's acquisition of t...

Week in Review

U.S. Foodservice sold Royal Ahold NV, the Netherlands-based operator of Giant Food, Stop & Shop and other grocery chains, said Wednesday it agreed to sell Columbia-based U.S. Foodservice to a consortium of private- equity firms for $7.1 billion. The sale cuts ties between Ahold and the food distribution subsidiary whose accounting scandal caused it to overstate earnings by around $1 billion from 1999 through 2002, pushing it to the brink of bankruptcy. Ahold has gradually returned to firm fin...

Maryland Merger Mania

Merger and acquisition activity in Maryland about doubled in the last five years, following a national trend driven by low interest rates, rising company profits and individual wealth. Last year, the state saw 314 mergers and acquisitions worth $24.5 billion. That is up from 163 such deals worth $11.3 billion in 2002. Those numbers, compiled exclusively for The Daily Record by Bloomberg Financial, include deals in which Maryland companies were the acquirer, target or both.

When the Workplace Becomes Intolerable

Have you ever thought about complaining about your boss to her boss? Dan Kinsbourne, newly minted vice president of 180s Inc., did just that in October 2005. The working atmosphere at the young, high- flying maker of innovative sports apparel had reached "an intolerable point" under a new chief executive brought in after a corporate takeover, Kinsbourne said.

Columbia-Based Corporate Office Properties Trust's Net Income Drops

Baltimore-Based Vertis Communications Inc.'S Study Says Credit Card Use Is On the Rise

Smoking Ban Urged in Movies by Group of 32 State Attorneys General

Food and Drug Administration Upgrades Health Information

Chevy Chase-Based Jbg Cos. Expands Bethesda Hotel

Make Way for Bethesda-Based Sensatex Inc.