Eyemaginations moves from Towson to Union Box building in Fells Point to be near emerging tech

Eyemaginations Inc. has downsized from its 7,000-square-foot space in Towson to a smaller space in the Union Box Co. building in Fells Point to be closer to the emerging technology sector in Baltimore and promote better workflow. The health care software company’s old office was too segregated, CEO Smitha Gopal said. (Balt. Bus. Journal)

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Feb. 27 // Upfront, monthly fees required to opt out of smart meters

Maryland regulators said Wednesday that utility customers who don't want a smart meter will need to pay both upfront and monthly to forgo the technology, though the fees are lower than utilities sought. The fees will appear on bills after July 1 for customers who ask to keep their analog or older digital meters. All will be charged an initial fee of $75, the state Public Service Commission said, with monthly fees varying by utility. Baltimore Gas and Electric Co. customers would pay the lowest monthly fee, $11. The company had asked for a $15 monthly charge and a $100 upfront fee. (Balt. Sun)

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Franchot, Kopp fight transfer of pension money

Treasurer Nancy K. Kopp and Comptroller Peter Franchot warned senators Wednesday that Gov. Martin O'Malley's proposal to divert $100 million a year from the state pension fund to next year's budget threatens the long-term health of the retirement system. The two officials — who make up two-thirds of the powerful Board of Public Works — made a rare joint appearance before the Senate budget committee to ask senators to find another way to balance the state budget. (Balt. Sun)

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Maryland bank earnings reach six-year high in 2013

Maryland banks posted their highest combined profit in six years in 2013, a sign the industry continues to recover from the recession. The 73 Maryland banks earned a combined $165 million for the year. That was up 2 percent from $161 million in net income in 2012, and the highest since 2007 when Maryland banks earned a combined $294 million profit, the Federal Deposit Insurance Corp. said Wednesday. (Balt. Bus. Journal)

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Foundry Row developers settle lawsuit with Solo Cup over Owings Mills energy plant

Greenberg Gibbons Commercial Corp. and Solo Cup Co. have settled a lawsuit filed over a dispute regarding a defunct energy plant on the site of the future Foundry Row development in Owings Mills. Solo Cup filed suit over the energy plant’s equipment, which Solo Cup had leased through 2017. Because Solo Cup sold Greenberg Gibbons and Vanguard Commercial Development Inc. its former factory for redevelopment, the company had subleased the equipment to the new developers. (Balt. Bus. Journal) 

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Mississippi-based beer distributor buys Winner Distributing Co. in Baltimore County

A Mississippi-based Anheuser-Busch wholesaler has agreed to purchase Winner Distributing Co., the Anheuser-Busch distributor for Baltimore and parts of Baltimore County, and an interest in F. P. Winner Ltd., a distributor in Maryland for brands such as Corona, Pabst and Sierra Nevada. It plans to operate both Winner and F.P. Winner from a single warehouse instead of two separate facilities. Winner had notified Maryland's labor department in late January that it was laying off 125 workers at the end of February and closing the warehouse on Canton Center Drive in eastern Baltimore County. (Balt. Sun) 

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CarMax has 1,200 jobs to fill

Richmond, Va.-based CarMax Inc. says it has 1,200 job openings to fill, and a significant number of those openings are in the Washington and Baltimore areas. (Wash. Bus. Journal)

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Columbia's QSSI on hiring spree as health exchange work piles up

Quality Software Services Inc. (QSSI) in Columbia is advertising 50 job openings at its Maryland offices as the firm takes on more work tied to health care reform. Work is adding up for QSSI. The contractor and parent company Optum were tapped this week to take over Maryland’s health exchange after administrators fired its lead contractor Noridian Healthcare Solutions. Optum/QSSI has also played a leading role in the federally run exchange, healthcare.gov. (Balt. Bus. Journal) 

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