Kevin Plank says college athletes should be 'fairly compensated'

College athletes deserve to be paid for the use of their names, images and and likenesses, Under Armour Inc. CEO Kevin Plank said Thursday. As a "values-led company," Baltimore-based Under Armour has eight beliefs that connect everyone at the sportswear maker together, Plank said during an interview with CNBC. Chief among those values is a love of athletes. He was asked about player compensation after the California Senate passed a bill allowing student-athletes to profit from endorsements. (Balt. Bus. Journal)

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Another choice for internet? This local ISP has raised $10M for an expansion

Tysons-based internet service provider startup GiGstreem LLC has locked down $10 million in fresh funding to expand its hybrid approach to high-speed internet to more cities. The new round, led by early stage venture fund RET Ventures, gives GiGstreem access to more than 1 million multifamily units through the fund’s backers, which include The Bozzuto Group, Maxus Properties Inc., Starwood Capital Group and others. Private equity firm LNC Partners also invested. (Wash. Bus. Journal)

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$30M renovation of Mall at Prince George's pays off in traffic, sales

The recent renovation and re-tenanting of the Mall at Prince George’s has paid off for mall owner Pennsylvania Real Estate Investment Trust, with sales increasing 23% to $557 per square foot in the past year, PREIT said in early September. That brings the Mall at Prince George’s sales total above that of PREIT’s other local mall, Springfield Town Center, for the first time. (They’re neck and neck, however; Springfield’s third quarter sales per square foot averaged $555.) (Wash. Bus. Journal)

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Exelon tower window falls again in Harbor Point

Another window fell at the Exelon tower in Harbor Point on Thursday morning. Unlike an incident last year, no one was injured this time. Exelon confirmed a window pane fell and broke at the 23-story building. Protective scaffolding surrounding the building installed last year caught all of the fallen glass. The $170 million tower is the headquarters for Chicago-based Exelon's Constellation business unit and houses about 1,500 employees. (Balt. Bus. Journal) 

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As GM exits Maryland, longtime workers face hard choice: move to other states or stay here with no job

GM opened the White Marsh plant in December 2000. It made light truck transmissions and electric motors until GM announced in November it was shutting the plant down. The move was a small part of a massive restructuring of the 111-year-old company that included shutting production at five North American plants and laying off up to 14,000 factory and white-collar workers. (Balt. Sun)


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Busboys & Poets To Open In Columbia By 2020

If you live in the Baltimore area and have never experienced the bookstore and restaurant that DC folks love, you’ll be able to soon. Howard County is welcoming the first Busboys & Poets in the Baltimore region to the Merriweather District in downtown Columbia. The new 10,700 square foot, two-story location will bring the Washington, DC-based restaurant, bookstore and event space into the neighborhood. (WJZ)

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United Therapeutics advances new pulmonary hypertension treatment to FDA review

United Therapeutics Corp. is a step closer to getting a new pulmonary arterial hypertension treatment to patients. The Silver Spring biotech’s New Drug Application for Trevyent, a treatment that uses treprostinil — the same active ingredient in three of United Therapeutics’ existing products — has been accepted by the Food and Drug Administration, the company announced Wednesday. (Balt. Bus. Journal)

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Spotluck founders secure $13M for ride-share advertising startup

Bethesda-based tech startup Octopus Interactive Inc. has raised more than $13 million in a new funding round, according to a Securities and Exchange Commission filing submitted in early September. Octopus partners with ride-share drivers and provides them tablets that passengers can use to play games and receive opportunities to win cash prizes. (Wash. Bus. Journal)

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