Jos. A. Bank and Men's Wearhouse to retain identities in business marriage

They both sell suits to the American middle class, but in consumers' minds, Jos. A. Bank Clothiers and the Men's Wearhouse occupy distinctive niches. Bank's image is classic, Men's Wearhouse is trendier. Though both are known for a promotional sales approach, Bank has billed itself as the more upscale of the two. It's those brand distinctions that the two biggest menswear chains should strive to maintain as they join forces in a $1.8 billion deal fraught with potential pitfalls, retail experts said. (Balt. Sun)

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Senate approves hike in film tax credits

The Maryland Senate Friday gave preliminary approval to a bill that nearly triples the amount of state tax credits available to film and television production, such as the Netflix series “House of Cards.” Senate Bill 1051, sponsored by Sen. Edward J. Kasemeyer, D-Howard and Baltimore County, increases the amount of tax credits from $7.5 million in fiscal 2014 to $18.5 million in the 2015 fiscal year. (Daily Record)

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MedImmune scientists: The key to fighting cancer may be the body’s own immune system

MedImmune is moving quickly to develop and test molecules that could embolden a cancer patient’s immune system to more vigorously attack tumors. The Gaithersburg-based research division of AstraZeneca is one of many life sciences companies that have identified the practice, called immunotherapy, as a promising new treatment for multiple types of cancer. (Wash. Post)

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Tough job market for young adults

A new report from the Washington-based Brookings Institution finds that many people in their teens and early 20s are similarly stuck, here and nationally. The job market is so terrible for young adults — and has been now for years — that it's reached crisis proportions, said study co-author Andrew Sum. "The bottom fell out," said Sum, director of the Center for Labor Market Studies at Northeastern University in Boston. "We should be terribly concerned. … You have a lot of people who are losing opportunities to build their work experience." (Balt. Sun)

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Developer proposes Owings Mills apartments

The Baltimore County Council is scheduled on Monday to consider a proposal by a developer in Owings Mills to build 312 apartment units in an area zoned for industrial use. Dellcrest Properties 3 LLC and Dellcrest Properties 4 LLC want to build apartments off Dolfield Boulevard and south of Easter Court on more than 16 acres of land. To build the apartments, the developer needs to get approval for a planned unit development, because the area is zoned for industrial uses and requires the exemption for residential development. (Daily Record)

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Md. 355, Md. 85 area is 'breadbasket of the county' as area grows

New businesses and restaurants are adding luster to the “Silver Mile.” The area next to and around the Francis Scott Key Mall is experiencing a spurt of growth. The Md. 355-Md. 85 section of Frederick County, just outside the city limits, has been dubbed the Silver Mile in deference to the Golden Mile in the western part of Frederick. Frederick County Commissioners President Blaine Young calls the Urbana Pike-Buckeystown Pike area the “breadbasket of the county.” (News-Post)

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JLG, GDC expanding, hiring more

A heavy equipment manufacturer and an information technology company are expanding their Hagerstown operations, with one adding 25 white-collar jobs and the other hiring unspecified numbers of workers now and in the future. (Herald-Mail)

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Jos. Bank chairman to get up to $5.8 million payout in sale to Men's Wearhouse

The chairman of Jos. A. Bank Clothiers Inc. will receive a payout of up to $5.8 million as part of the chain's acquisition by Men's Wearhouse in a $1.8 billion deal. Bank Chairman Robert N. Wildrick will be paid $3.5 million under a two-year noncompete agreement, Bank said in a filing late Friday with the U.S. Securities and Exchange Commission. The former Bank CEO will be paid $1 million once the acquisition closes, which is expected in the third quarter, and the balance over the two years. (Balt. Sun)

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