Millennial Media to acquire competitor Jumptap in $200M+ deal

=Millennial Media Inc. has reached a deal to acquire Boston-based competitor Jumptap in a predominantly stock deal. Baltimore-based Millennial Media (NYSE: MM) said the deal would transfer 24.6 million of its shares to stockholders of Jumptap, a mobile ad network. (Balt. Bus. Journal)

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Jos. A. Bank stock climbs 12 percent as shareholders call for new direction

Shares of Jos. A. Bank Clothiers Inc. jumped 12.5 percent Tuesday after investment manager BeaconLight Capital LLC urged the Hampstead-based men's apparel chain to change direction by reorganizing its board and returning cash to shareholders. (Balt. Sun)

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Ex-Jos. A. Bank execs buy LaxWorld

Two former Jos. A. Bank executives have bought LaxWorld, a chain of lacrosse equipment and apparel stores based in Cockeysville. The plan is to add stores in LaxWorld’s existing markets of Maryland, Virginia, Colorado and Georgia and open locations in new markets around the U.S., Frank Barbarino, one of the chain’s new owners, said. (Balt. Bus. Journal)

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T. Rowe won't say whether it cut Dell stake

T. Rowe Price Group is not commenting on a report that the Baltimore money manager reduced its stake in Dell Inc., whose founder wants to take the computer maker private. Reuters, citing unnamed sources, reported that T. Rowe cut its ownership stake in Dell (NASDAQ: DELL) to 49 million shares, or 2.8 percent of the company, down from 71.87 million shares, or 4 percent, as of March 31. (Balt. Bus. Journal)

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Washington Gas Light Company trying to enter natural gas fueling market in Maryland

Washington Gas Light Co. wants to get into the business of providing compressed natural gas (CNG) fueling to the general public, a move that has private industry and consumer advocates crying foul. The utility has asked Maryland’s Public Service Commission for permission to open two of its CNG fueling stations to the public and build custom compression facilities as part of a pending request to increase its rates and generate about $30 million more in revenue. Its case is still pending. (Gazette)

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MSPB indefinitely delays processing of defense furlough appeals

The Merit Systems Protection Board has delayed processing and adjudication of furlough appeals from Defense Department employees until it can get a better handle on them, Government Executive reported. Approximately 30,400 furlough challenges have poured into the small federal agency to date this fiscal year; of those, about 96 percent so far are from Defense employees forced to take unpaid leave because of sequestration. (Wash. Post)

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Madison Bancorp sees drop in earnings 

Madison Bancorp Inc., of Baltimore, the holding company for Madison Square Federal Savings Bank, reported net income of $15,000, or 3 cents per diluted share, for the quarter ended June 30, 1013, versus net income of $70,000, or 12 cents per diluted share, for the year-ago period. (Daily Record)

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Akridge sells Fairmont Building in Bethesda

Akridge of Washington, D.C., sold the 122,191-square-foot Fairmont Building in downtown Bethesda for $46 million, according to broker Cushman & Wakefield, which represented the seller. (Gazette)

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