Men’s Wearhouse Rejects Jos. A Bank’s Latest Bid

Men's Wearhouse rejected Jos. A. Bank Clothiers Inc.'s latest effort to acquire it, denying the Hampstead-based retailer's request to review nonpublic company information. The board of Houston-based Men's Wearhouse decided that providing such access is not in its shareholders' best interest, the company announced Monday. It rejected Bank's $2.3 billion acquisition offer in October, saying it undervalued the men's apparel chain. (Balt. Sun)

Read Full Article

Public A No-Show At First BGE Rate Case Hearing

Baltimore Gas and Electric Co.'s third request for higher rates in as many years brought out zero customers — angry or otherwise — to offer their opinions to state regulators Monday night. The hearing in Annapolis was the first of five this week around the region, all aimed at getting public input on the BGE case. It wasn't that nobody attended Monday's meeting. About a dozen showed up. But they were largely with BGE or other organizations connected with the case. (Balt. Sun)

Read Full Article

City Agency Recommends Itron For Big Water Meter Contract

A key city agency is recommending that a West Coast firm win a multimillion-dollar contract to overhaul Baltimore's water-meter system — an effort officials say is long overdue and could help end the persistent problem of wildly erroneous bills. But the plan to convert the system to wireless "smart" meters is being protested by a rival firm, which says that Itron Inc.'s $83.5 million proposal has "substantial technical deficiencies," including using "unlicensed radio frequencies that may not function properly." Under the Itron plan, about three quarters of Baltimore County customers would get a less advanced smart-meter technology, and water system employees would still have to go to those homes to get meter readings quarterly. (Balt. Sun)

Read Full Article

Advertising On Board At Middle River Volunteer Fire Co.

Members of the Middle River Volunteer Fire Company aren't relying only on boot drives, poker tournaments and hall rentals for extra revenue. The 46-member department in eastern Baltimore County recently sold ad space on its ladder truck and a fire engine, becoming what officials believe is the first in the county to do so. Baltimore-based Carroll Home Services will pay the department a monthly fee for the ad, and members say they'll use the money to purchase a power generator. (Balt. Sun)

Read Full Article

Hippodrome Area’s Revival Gets Boost With Buildings’ Sale

A Northern Virginia investment firm has purchased two west-side buildings across from the Hippodrome for $585,000 and plans to invest $1 million to ready the properties for retail and residential leasing. (Balt. Bus. Journal)

Read Full Article

Harford Family House Receives $10,000 Grant From Bank Of America To Support Its Mission To Shelter Homeless Families With Children

Harford Family House announced today that it has received a $10,000 grant from Bank of American Charitable Foundation to support its overall operations. The Bank of American Charitable Foundation announced $270,000 in grants to 12 nonprofits in Baltimore addressing critical needs, such as hunger and shelter to longer term solutions that promote financial wellness through access to benefits and resources. (Dagger)

Read Full Article

Bambeco Raises $4.5M To Expand Eco-Friendly Housewares Business

Baltimore home furnishing store Bambeco Inc. has raised $4.5 million in equity funding that the company will use to launch its own brand of sustainable home furnishings. Since launching in 2009, Bambeco has sold furniture and home decor made by other companies that meet Bambeco’s mission for sustainable living. But with its new fundraising round, Bambeco will look to launch its own line of sustainable home furnishings, a move that has CEO Susan Aplin “over the moon,” she said. (Balt. Bus. Journal)

Read Full Article

DTLR, The Hanover-Based Urban Retailer, Files For $75M IPO

DTLR Holding Inc., the Hanover-based owner of DTLR footwear and apparel stores, has filed to go public. The company plans to sell up to $75 million worth of stock in an initial public offering, DTLR said in a filing with the Securities and Exchange Commission late Friday. (Balt. Bus. Journal)

Read Full Article