Gourmet grocer to set up shop in downtown Catonsville

More than two decades ago, downtown Catonsville’s only grocery store closed, leaving no replacement in its wake. Today, Catonsville residents Patrick Baldwin and Dan Zakai are working to bring groceries back to downtown with a new gourmet grocery store called 818 Market. Named for its address, 818 Frederick Road, the market is scheduled to open sometime later this year. Construction will start in March, Baldwin said. (Balt. Sun)

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McCormick CEO's compensation rises 39 percent to $9 million in 2017

McCormick & Co. Inc.'s top executives all saw pay increases in 2017, a year when the spice maker's financial results outperformed its own projections. CEO Lawrence Kurzius, who also became chairman of Sparks-based McCormick last year, was the highest-paid executive. His compensation rose 38.8 percent to $9.05 million in 2017 compared to $6.5 million the year before, according to the company's proxy statement filed Thursday with the U.S. Securities and Exchange Commission. (Balt. Bus. Journal)

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FCC watchdog investigates chairman's role in easing way for Sinclair's acquisition of Tribune Media, congressman says

The Federal Communications Commission's internal watchdog is probing whether the agency's chairman improperly pushed for rule changes that helped clear the way for Sinclair Broadcast Group's proposed purchase of Tribune Media Co.'s television stations, a lawmaker said. The role of Chairman Ajit Pai, a Republican, has drawn scrutiny in part for his meetings with Sinclair executives since the election of President Donald Trump, who selected Pai to lead the agency. Democrats have said FCC policy this year has seemed to be crafted to benefit the Maryland-based broadcaster, as he pushes to ease barriers to media consolidation. (Balt. Sun)

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Merritt Properties plans new office tower near the Canton waterfront

Baltimore developer Merritt Properties plans to build a 20-story office tower in Canton that will continue the transformation of the area’s industrial waterfront. Merritt and its architects showed preliminary plans Thursday for what would be a $70 million building fronting Boston Street, the thoroughfare that parallels the Inner Harbor, to the city’s Urban Design and Architectural Review Panel. It would be built on a parking lot between the street and the Canton Merritt Club fitness center. (Balt. Sun)

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February 15 // Baltimore attorney selected to help lead class-action lawsuit over massive Equifax data breach

Baltimore attorney Hassan Murphy has been selected to help lead a class-action lawsuit against Equifax over the credit bureau’s massive data breach last year. Murphy, of Murphy Falcon Murphy, was selected by a federal judge in Georgia on Monday to serve on a seven-member steering committee for consumer plaintiffs in the case. (Balt. Sun)

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Baltimore unveils its unsuccessful Amazon HQ2 bid package

The high-tech, yet unsuccessful, pitch Baltimore made for Amazon's $5 billion HQ2 featured virtual reality, an interactive website, a video that showed an upscale work space, sunrise yoga at the Inner Harbor, cocktails at the Sagamore Pendry and a magazine that boasted: "Amazon + Baltimore: Building the American City of Tomorrow." It was unveiled Wednesday during a 45-minute event at City Garage with a tinge of both disappointment and optimism — and a pledge to use it all again to attract other business ventures to Baltimore. (Balt. Bus. Journal)

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City approves $250K for planning of new Lexington Market

The city's spending board Wednesday approved $250,000 to be put toward the design and planning of a new Lexington Market, the latest step in the push to build a new market on the site of what's currently a surface parking lot and demolish the current building. Kirby Fowler, the chairman of the Baltimore Public Markets board, said in a statement that the money will be put toward "architectural, engineering, and programming work for the new market." (Balt. Bus. Journal)

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T. Rowe Price vice chairman to retire, new investment head appointed

Edward C. Bernard, T. Rowe Price Group’s vice chairman, will retire at the end of the year, the Baltimore-based money management firm announced Wednesday. The company also announced that Rob Sharps will become head of investments on March 1. Sharps is currently co-head of global equity and group chief investment officer, a role he will retain. (Balt. Sun)

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