August 8 // City Council committee approves aid for Harbor Point

After hearing from scores of citizens opposed to the deal, a Baltimore City Council committee approved a plan Wednesday night to give millions in taxpayer assistance to the $1.8 billion Harbor Point development. The 3-0 vote came over the objections of protesters who demonstrated outside City Hall. A disgusted Councilman Carl Stokes, the committee chairman who has fought the subsidies, left the room as the vote was being called. (Balt. Sun)

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Severna Park company Dynasplint lays off 500 after loan foreclosure

Severna Park company Dynasplint Systems Inc. laid off 500 employees, including about 250 in Maryland, on Tuesday after its lender moved to foreclose on its property, including cash that was to cover payroll. (Balt. Sun)

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In year three, Baltimore hoteliers hopeful Grand Prix will deliver a sellout

Downtown hotels are banking on the third annual Grand Prix of Baltimore for a sellout weekend at the end of this month. The Labor Day weekend race did not provide capacity numbers for all of Baltimore’s hotels last year, but hoteliers are optimistic that the extra time race organizers had to pull together this year’s Aug. 30-Sept. 1 event will drive more overnight business. (Balt. Bus. Journal)

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Maryland Live sued for claims of short pay 

Three former employees claim Maryland Live Casino owes them a payout — and not from the slot machines. (Daily Record)

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Legg Mason to close international equities unit

Legg Mason Inc. is shutting down an emerging markets equities subsidiary based in London and Hong Kong, the latest move as the Baltimore asset manager continues to restructure under its new CEO. (Balt. Bus. Journal)

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Sinclair Broadcast Group net income down 41 percent

Sinclair Broadcast Group Inc.'s second-quarter net income fell 41 percent, to $17.8 million, or 19 cents a share, from $30.1 million, or 37 cents a share, in the same period a year earlier but beat Wall Street's expectations. (Balt. Sun)

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Chesapeake Lodging Trust profits spike 88 percent

Annapolis hotel real estate firm Chesapeake Lodging Trust's net income surged 88 percent in the second quarter of 2013 compared to the same time in 2012, according to Securities and Exchange Commission filings. (Capital)

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Mid-Atlantic's largest SBA real estate lender to start making working capital loans (Video)

Business Finance Group, the MidAtlantic's largest financier of owner-occupied commercial real estate through the Small Business Administration's 504 program, aims to start making small business working capital loans of $250,000 or less. (Balt. Bus. Journal)

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