Baltimore-Based Saiontz & Kirk Pays $91K Over Allegations It Failed To Reimburse Medicare

A Baltimore-based law firm has paid the government more than $91,000 to settle allegations it failed to reimburse Medicare for payments made to medical providers on their clients’ behalf, the justice department said Monday. A settlement agreement said Medicare made a number of conditional payments to healthcare providers for clients of Saiontz & Kirk that the government said were not repaid when the clients got payouts from settlements or judgments in their favor. (WJZ-TV)

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Despite profit increase, Under Armour shares fall on lower full-year sales estimates

Under Armour Inc. shares plunged almost 20% on Monday after the sportswear maker reported its sales declined in the third quarter and the company lowered its revenue outlook for the full year. Baltimore-based Under Armour's profit in the third quarter increased 36% to $102.3 million, or 23 cents per share, compared to $75.3 million, or 17 cents per share, in the prior-year quarter. Sales dropped 1% to $1.43 billion, compared to $1.44 billion in the year-ago quarter. (Balt. Bus Journal)

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Construction on Holcim solar project could start by end of year

Construction on a 10-megawatt solar project for Holcim US Inc.'s Hagerstown-area operation could begin before the end of the year, a project official said Monday night. (Herald-Mail)

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Anne Arundel landmark restaurant closing after 83 years

Snyder's Willow Grove Restaurant, an Anne Arundel County staple for 83 years, will close its doors by the end of January, the restaurant's owners announced on Facebook. (Balt. Bus Journal)

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GSE Systems gets $750K grant for nuclear reactor procedures

A Columbia provider of engineering, staffing, and simulation software to the power and process industries has received a $750,000 federal grant to develop procedures and decision-support solutions for advanced nuclear reactors. GSE Systems Inc. and Idaho National Laboratory received the grant from the U.S. Department of Energy. The grant has a goal of developing and commercializing a system that can revolutionize operator and system efficiency when compared to existing paper-based processes. (Daily Record)

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New regulations will limit striped bass catch next year

People will have to catch fewer striped bass in waters along the East Coast next year. The Virginian-Pilot reports that fishing regulators have mandated an 18% reduction for recreational fishing. The new harvest cap will likely impact commercial fishing. The Atlantic States Marine Fisheries Commission’s Striped Bass Management Board adopted the changes on Thursday. It follows a stock assessment that shows striped bass are being overfished. (Wash. Post)

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Aquaculture startup Minnowtech gets seed funding from USM

Minnowtech, a Baltimore-based aquaculture startup, announced $600,000 in seed financing Monday as the firm commercializes technology intended for the shrimp farming industry. The firm’s seed round included $150,000 from the University System of Maryland’s Maryland Momentum Fund and funding from HATCH Aquaculture Accelerator, which is based in Ireland. (Daily Record)

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Price Rite Marketplace supermarkets in Baltimore unveil new store concept

Three Price Rite Marketplace grocers in the Baltimore area will unveil a new store concept Friday that includes a brighter appearance, more private label and organic products, and a new section highlighting special deals. The discount grocer, a brand of New Jersey-based cooperative Wakefern Food Corp., launched a rebranding initiative last year in Pennsylvania and Connecticut. It is rebranding all its Maryland stores, including locations in Mount Clare Junction in Pigtown, on Security Boulevard in Woodlawn and in Rosedale Plaza in Rosedale. Other Maryland stores are in Hyattsville and District Heights. (Balt. Sun)

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