Sale of Rocco’s Capriccio in Little Italy rejected

Alex Cooper Auctioneers declined a $275,000 bid for Rocco’s Capriccio, the Little Italy restaurant that went to auction on Thursday. The restaurant went to the auction block after the owners closed the mainstay in June. The auctioneers declined to sell the property because the owners were expecting a much higher sale price, said Paul Cooper of Alex Cooper Auctioneers. (Balt. Bus. Journal)

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July 25 // BWI expansion seed money approved, officials criticize developer

The state's three top elected officials had harsh words Wednesday for the company that manages concessions at BWI Marshall Airport for not doing more to help hourly employees who staff the restaurants and shops. An angry Gov. Martin O'Malley said at the Board of Public Works meeting that "it's pretty obvious" that 10 years after being awarded the contract to manage concessions, AirMall USA had done little to help raise pay and benefits for workers. (Balt. Sun)

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T. Rowe Price raises safety concerns as it weighs headquarters options

As T. Rowe Price weighs whether to remain at its Pratt Street headquarters in the heart of Baltimore, the safety of its employees is a key concern, the company's CEO said Wednesday. Employees of the Baltimore-based money manager have been harassed by groups of youths, and one of Price's vendors from New York was mugged outside his downtown hotel within the past two months, said CEO James A. C. Kennedy. Price contacted the city several weeks ago about its concerns. (Balt. Sun)

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T. Rowe Price closes nine investor centers

T. Rowe Price Group Inc. has closed nine of the company’s 15 walk-in investor centers around the country as mutual-fund buyers continue to do more of their transactions by telephone or online. About 40 people worked in the offices, which closed May 31. All were offered other positions with the company, T. Rowe Price CEO James A.C. Kennedy said in an interview Wednesday. (Balt. Bus. Journal)

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Virginia contractor warns of layoffs in Silver Spring, College Park

A Northern Virginia government contractor has warned Maryland’s labor department it may lay off 106 workers in Montgomery and Prince George’s counties as part of a possible contract loss. MVM Inc. provides security services for National Oceanic Atmospheric Administration’s facilities in Silver Spring and College Park. That contract is set to expire on Sept. 30. (Balt. Bus. Journal)

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Greenwood Racing CEO Tony Ricci likes his chances at winning the Prince George's casino competition

Greenwood Racing Inc. CEO Tony Ricci is so confident he will best two other competitors for the right to build a new casino in Prince George's County that he's not allowing himself to think of the possibility of losing. (Wash. Bus. Journal)

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Bidder for Prince George’s casino buys $1.4 million parcel in Fort Washington

Maryland won’t pick a winning Prince George’s County casino site for several months, but one of the three bidders has moved forward with a $1.4 million land purchase. An affiliate of Greenwood Racing Inc. last month acquired a 22-acre site near Indian Head Highway and Old Fort Road in Fort Washington, according to a deed filed with the Circuit Court for Prince George’s County. (Wash. Post)

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T. Rowe stock plunges on asset decline

T. Rowe Price Group reported a 20 percent increase in earnings for the second quarter Wednesday, but a decline in assets under management when investors withdrew money contributed to a sharp sell-off of the company's stock. The Baltimore-based money manager said it earned $247.8 million in the April-to-June quarter, about 20 percent higher than the $206.8 million it earned a year ago. (Balt. Sun)

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