University of Maryland Medical unveils plans for $100M outpatient center

Plans for a new $100 million outpatient center would now include three floors of inpatient rooms at the University of Maryland Medical Center's Midtown Campus, architects showed a city design panel Thursday. The university's Midtown medical campus — located at the former Maryland General Hospital site near State Center— has been undergoing a renewal and expansion, which led to long-standing plans for an ambulatory care or outpatient center. (Balt. Bus. Journal)

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August 10 // Maryland to share in $5.5M settlement for massive hack of Nationwide Insurance files

A massive national data breach of the Nationwide Mutual Insurance Co. that impacted 12,655 Maryland residents in 2012 was the focus of a settlement announced Wednesday. Maryland's Attorney General Brian E. Frosh said that he and the attorneys general of 32 other states, reached the settlement with the insurance giant and its subsidiary Allied Property & Casualty Insurance Co. that will pay $5.5 million to the states. (Balt. Bus. Journal)

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Under Armour is looking for someone to help Kevin Plank with messaging

Remember when Under Armour Inc. CEO Kevin Plank created a stir when he praised President Donald Trump? The comments came during a typical CNBC interview about the company. Plank, who is a member of Trump's Manufacturing Jobs Initiative, received backlash after he told CNBC, "To have such a pro-business president is something that is a real asset for the country." Under Armour Inc. is looking for someone to fill a new position to help Plank better craft his message during TV and other interviews. (Balt. Bus. Journal)

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Lack of transportation keeping Baltimore residents from jobs at BWI Marshall, CEO says

Lack of transportation presents the biggest obstacle to Baltimore residents who want to work at BWI Marshall Airport, the airport’s CEO told a group of business executives Wednesday. Growth in the numbers of passengers and airlines has led to an expansion of the airport’s roughly 14,000-person workforce, a number of whom do live in Baltimore. But getting Baltimoreans to the airport in Linthicum has been “a major challenge,” Maryland Aviation Administrator Ricky Smith said. (Balt. Sun)

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R2i taps former IBM executive as new CEO

R2i, a digital marketing agency based in Baltimore, has brought in a former IBM executive as CEO. The company’s board — and its private equity investor Baird Capital — hired Jennifer Quinlan, who most recently served as North American digital practice leader for IBM Global Business Services, Distribution Sector. She succeeded Matt Goddard, R2i’s co-founder as CEO, effective June 26. (Balt. Sun)

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McCormick's SEC filings show condiment maker it's buying is growing, profitable

McCormick & Co. Inc. is betting on itself with the $4.2 billion purchase of a business that includes French's mustard and Frank's RedHot sauce. The Hunt Valley spice maker's stock price plunged after it announced a deal to acquire the food division of British consumer goods giant Reckitt Benckiser Group Plc. because of worries that it overpaid. McCormick's stock price fell more than 5 percent on July 19, the first day of trading after the deal was announced. It has since recovered and was up almost 3.5 percent in trading Wednesday to $96.25 per share. The deal is expected to close by Nov. 30. (Balt. Bus. Journal)

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Under Armour adds to roster of young NBA talent with signing of Dennis Smith Jr.

Dennis Smith Jr., the ninth overall pick in the NBA Draft, has joined fellow 2017 draftee Josh Jackson in signing with Under Armour. The signings reflect the importance to Under Armour of signing fresh basketball talent. Smith, of the Dallas Mavericks, was a standout in the recent NBA summer league and Jackson, of the Phoenix Suns, was the fourth overall pick in the draft. (Balt. Sun)

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Loss widens at KeyW as company touts revenue growth

KeyW Holding Corp. reported Wednesday that it lost nearly $16.7 million in the quarter ended June 30, more than the $9.6 million the company lost in the same period a year earlier. The Hanover-based cybersecurity firm has been refocusing on its government contracting business in the past year, eliminating commercial operations and acquiring Sotera, a competitor in Virginia. (Balt. Sun)

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