Business

Back before he was in charge, John Angelos wrote lengthy missives complaining to “ownership” about being underpaid, underappreciated and surrounded by “rank incompetence” and “insane business practices.” He would offer ideas and analysis to “the supreme authority,” Angelos wrote on Feb. 3, 2010, only to be “met with dismissal or combativeness and personal attacks on my shortcomings and alleged ulterior motives.”

A group of 500 commercial office cleaners in Baltimore voted unanimously Wednesday afternoon to authorize a strike as their contract with a Washington-area contractor is set to expire. The cleaners, who are unionized with 32BJ Service Employees International Union (SEIU) and work in 50 buildings including the 100 Light Street and 250 W. Pratt St. towers owned by COPT Defense Properties, are pushing back on the Washington Service Contractors Association’s proposal to cut 1,100 workers’ shifts across the region from five to four hours.

T. Rowe Price Group Inc. has launched its first fund with Oak Hill Advisors since purchasing the company in 2021 as the money manager looks to expand into the private credit market. T. Rowe (NASDAQ: TROW) recently released a new business development company fund (BDC) with Oak Hill, which T. Rowe purchased for $4.2 billion in its largest-ever deal, called the T. Rowe Price OHA Credit Select Fund, or OCREDIT.

General Motors secured a new $6 billion line of credit as the automaker braces for additional strikes by the United Auto Workers union. “The facility that we announced today is a $6 billion line of credit that I think is prudent in light of some of the messages that we’ve seen from some of the UAW leadership that they intend to drag this on for months,” CFO Paul Jacobson told CNBC’s Phil LeBeau in an interview on “Halftime Report.”

Attendance at Oriole Park at Camden Yards increased 36% year over year to 1,936,798 attendees, according to the Baltimore Business Journal’s sister publication Sports Business Journal. With the second-best record in Major League Baseball this year, the Orioles ranked no. 21 among the 30 MLB clubs, up from their rank of no. 24 last season. Over the team’s 81 home games during the regular season, the Orioles averaged 23,911 fans per game, an increase from 17,543 in 2022.

The Food and Drug Administration has granted emergency use approval for Gaithersburg, Maryland-based Novavax’s updated COVID-19 booster shot, nearly three weeks after approving mRNA vaccine updates from Pfizer and Moderna. The Novavax vaccine still must get approval from the Centers for Disease Control and Prevention before being made publicly available. Both the Pfizer and Moderna vaccines received CDC approval last month and have been publicly available for several weeks.

Harborplace will be getting a facelift in the near future, and the redevelopment might be leaving Baltimoreans curious about what it will look like — and if the developer, P. David Bramble, will take residents’ thoughts into account. A spokesperson for Harborplace’s steward, MCB Real Estate, said Sunday that the two pavilions in the Inner Harbor will be torn down.

McCormick & Co. saw higher sales and lower profits in the third quarter and on Tuesday reaffirmed its outlook for the year. Brendan M. Foley, a McCormick executive who became president of the Hunt Valley-based spice producer a year ago and took on the CEO role last month, attributed the strong sales to sustained demand, a focus on fast-growing categories and the popularity of McCormick brands and new products.