Time Running Out For First Mariner Bancorp To Postpone Interest Payments To Investors

First Mariner Bancorp faces a year-end deadline to pay millions in interest or risk default. The company's weak finances and the regulatory constraints on its bank, 1st Mariner Bank, leave the Baltimore-based holding company with few options, said banking experts who have reviewed the Baltimore company's regulatory fillings. First Mariner, in a statement, said the pending interest payment is an issue affecting only the parent company — not 1st Mariner Bank, which will continue to operate as usual with deposits insured by the Federal Deposit Insurance Corp. (Balt. Sun)

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Monrovia Residents Say Impact Fee Elimination Would Be Developer Boon

Critics of a 1,510-home project in Monrovia are asking whether talk of changing county growth policies will lead to letting developers off the hook for millions in school construction fees. The proposed Monrovia Town Center is projected to add 840 students to surrounding schools, and county law requires the developer to put up an estimated $20.6 million in impact fees to expand classroom space for the newcomers. Opponents of the Town Center project say the impact fees will fall far short of paying for even one new school. However, they also worry that if county officials eliminate impact fees, this developer contribution for schools will drop to zero. (News-Post)

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Annapolis And Anne Arundel Chamber Earns Profit Again After Recession

There was a time when the Annapolis and Anne Arundel County Chamber of Commerce thrived on monthly networking events and other mixers. That was all before the 2008 recession, which caused many of the organization’s small businesses to close up shop. As a result, the Annapolis chamber lost more than $40,000 between 2009 and 2010, according to tax filings. But the nonprofit is no longer in the red, as a result of scaling back programming and expenses. (Capital)

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Maryland Entrepreneur Runs Into Trouble For Using The Word ‘Entrepreneur’

Abington resident Janice McLean Deloatch joined a growing list of entrepreneurs sued by the California-based media company Entrepreneur Media Inc. for trademark infringement after creating “The Entrepreneur’s Edge,” a monthly public access cable TV program dispensing advice for entrepreneurs and small businesses. Entrepreneur Media Inc., owner of Entrepreneur Magazine and other publications, maintains that it has used the Entrepreneur mark for more than 30 years and doesn't want consumers confusing its brand with others using similar names. (Balt. Sun)

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Nov. 15 // Lockheed Martin Cutting 4,000 Jobs, Closing Plants

Lockheed Martin is cutting 4,000 jobs, about 3.5 percent of its workforce, as the defense contractor continues to look for ways to lower costs amid reduced government spending. “In the face of government budget cuts and an increasingly complex global security landscape, these actions are necessary for the future of our business,” CEO Marilyn Hewson said Thursday in a statement. (WJZ-TV)

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Under Armour To Acquire MapMyFitness

Under Armour took a huge leap forward in the fast-emerging fitness technology market Thursday with plans for a $150 million acquisition of MapMyFitness, creator of the MapMyRun and MapMyRide mobile applications and websites. What would be Under Armour's first acquisition opens a new frontier for the Baltimore-based sports apparel and footwear maker in online social networks and expands its toehold in fitness devices. (Balt. Sun)

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Nielsen Confirms Layoffs At Arbitron

Nielsen, which acquired Columbia-based Arbitron in September, confirmed Thursday that it is laying off employees but would not say how many. The company said it is restructuring its Nielsen Audio division as a result of the merger, giving no details about the number of workers affected, the timing or the locations. (Balt. Sun)

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Maryland Power Plant Emissions Decline Is Sixth-Highest In Nation

Greenhouse gas emissions from Maryland’s power plants fell by more than 26 percent from 2010 to 2012, the sixth-largest drop in the nation during that time, according to data from the Environmental Protection Agency. Only Massachusetts, Virginia, Oregon, Washington state and the District of Columbia saw greater declines, with greenhouse gas emissions falling by more than 10 percent nationwide. (CNS)

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