Constellation Energy to transfer nuclear licenses to Exelon

Constellation Energy Nuclear Group plans to transfer the operating licenses to its three nuclear power plants to Exelon Corp. The move includes the Calvert Cliffs plant in Southern Maryland. The transfer comes as Chicago-based Exelon and Constellation Energy integrate their operations after merging in 2012. Exelon acquired Constellation for $7.9 billion. (Balt. Bus. Journal)

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With Sinclair in, could Politico be out?

In case you missed the news Monday, suburban Baltimore-based Sinclair Broadcast Group Inc. has inked a deal to buy WJLA, NewsChannel 8 and six other TV stations from Allbritton Communications Co. in a complex deal that could take up to two years to close. Politico will likely get caught in the crossfire. Politico, also owned by Allbritton, shares a portion of the 115,000 square feet Allbritton leases at Rosslyn's Twin Towers at 1000 and 1100 Wilson Blvd. (Wash. Bus. Journal)

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Cardin talks small business at Dickerson winery

Slinging his suit jacket over the back of a chair, Sen. Benjamin Cardin (D) turned to address the small group of small business owners and political supporters who had gathered in rural northern Montgomery County. As he spoke to the crowd of about 15 people at Sugarloaf Mountain Winery in Dickerson, Cardin talked about the need to help small businesses survive and thrive in still shaky economic times. (Gazette)

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July 30 // Sinclair Broadcast buying eight stations for nearly $1B

Sinclair Broadcast Group Inc.'s buying spree continued Monday when the Hunt Valley broadcaster announced its largest deal to date at nearly $1 billion. Sinclair plans to buy eight larger-market television stations, including NewsChannel 8 and the ABC affiliate in Washington for $985 million. (Balt. Sun)

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Two tech companies receive $350,000 in state investment

Maryland is investing a total of $350,000 into two Maryland technology companies, Gov. Martin O'Malley announced Monday. The state invested $200,000 in SocialToaster, a Baltimore company that has developed a social media marketing system, and $150,000 in ReelGenie, a Silver Spring firm that creates videos from users' photos and other digital media. (Balt. Sun)

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Sourcefire profit doubles in second quarter

Sourcefire Inc., set to be acquired by Cisco Systems Inc. for $2.7 billion, reported a nearly 100 percent increase in second-quarter earnings. The Columbia cyber security firm posted a profit of $2.2 million, or 7 cents per share, during the period. That was up from $1.1 million, or 4 cents per share, in the year-ago quarter. (Balt. Bus. Journal)

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Seawall plans redevelopment of three blocks of Remington Avenue

Seawall Development Corp., which is reinventing Remington with numerous projects, has unveiled detailed plans for its biggest one yet — the redevelopment of a three-block swath of Remington Avenue with retail, apartments, nonprofit offices and parking garages between 27th and 29th streets. (Balt. Sun)

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Great Seneca Science Corridor labs consider cyberinfrastructure

Research organizations in the Great Seneca Life Sciences Corridor are considering the creation of a common cyberinfrastructure that would facilitate sharing and spur innovative ideas. Anil Srivastava, president of Open Health Systems Laboratory on Johns Hopkins University’s Montgomery County campus, proposed the idea and held a meeting Monday with physicians, university faculty and representatives from Cisco Systems, Montgomery County government, the National Institute of Standards and Technology, MedImmune and other organizations. (Gazette)

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