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Columbia startup raises $3M to help companies keep track of cybersecurity initiatives

Balance Theory, a Columbia startup that creates workplace management applications for cybersecurity professionals, has raised $3 million in seed funding and intends to use the proceeds to build out a development team. The round was led by Fulton-based DataTribe after the software-as-a-service company beat out two other finalists to win the 5th annual DataTribe Challenge, a pitch competition geared toward data science or cybersecurity industry startups.

Attorney appointed to represent Peter Angelos denies having conflicts of interest

The attorney appointed to represent Orioles owner Peter Angelos in his family’s fight over his fortune has rejected a move to disqualify him from the case, calling allegations that he has conflicts of interest “absurd” and a “distraction.” Angelos, 93, has been incapacitated by illness for several years, and his younger son Louis sued his mother, Georgia, and brother, John, the chairman and CEO of the Orioles, in June over control of the team, the family patriarch’s renowned law firm and other assets. Georgia Angelos subsequently sued Louis Angelos, likening his transfer of the law firm from his father to himself to elder abuse.

Read More: Baltimore Sun
Sinclair Broadcast’s struggling Diamond Sports appoints CEO

A week after writing off an additional $1 billion of its value, the Sinclair Broadcast Group subsidiary that owns regional sports networks appointed a new CEO. The subsidiary, Diamond Sports Group, said Monday that former NBC Sports Group executive David Preschlack will lead Diamond, which owns Bally Sports Regional Sports Networks. Preschlack was appointed by Diamond’s board of managers, on which he has served since May.

Read More: Baltimore Sun
Hertz to pay $168M after falsely accusing customers of stealing rental cars

Hertz said Monday it will pay $168 million to settle hundreds of claims by customers who were falsely reported by the rental car company as having stolen its vehicles, with some innocent renters arrested and jailed for weeks or months over the reports. Hertz said in a brief statement that it was settling 364 claims, which it said amounted to 95 percent of the outstanding claims against the company over the false theft reports.

Mike Elias promised a ‘liftoff’ for the Orioles. This is the week he could start making moves.

Three years ago, the last time Mike Elias found himself in San Diego for the winter meetings, the circumstances were far different. Back then, the executive vice president and general manager of the Orioles entered his second offseason in Baltimore on the back of another 100-loss season, with competitive baseball — and the spending that accompanies it — not at the forefront of his mind.

McCormick taps new chief human relations officer

McCormick & Co. Inc. has promoted a longtime executive to become the next head of human resources for the 14,000-person global company. The Hunt Valley-based spicemaker announced Monday that Sarah Piper took over the role of chief human relations officer on Dec. 1. As part of the promotion, she will also join the company’s management committee. Piper replaces Lisa Manzone, who announced her retirement last month after 15 years with McCormick (NYSE: MKC).

Former Mayor Rawlings-Blake ready to ‘amplify the work’ of NBPA Foundation

Stephanie Rawlings-Blake may be the most overqualified person to take the reins of a sports union’s philanthropic arm, but as the new executive director of the National Basketball Players Association Foundation, she has ambitious plans. Rawlings-Blake served as mayor of Baltimore from 2010 to 2016. She was also the president of the U.S. Conference of Mayors, and built a network of relationships with mayors of cities all over the country, something that she can tap into in her new job.

Maryland sports bettor wins $714,000 by picking 3 huge underdogs with losing records. He was ‘afraid to watch the games.’

It sure didn’t look like a winning lineup, but maybe that was the point. If the bettor at Live! Casino & Hotel Maryland had picked basketball teams with less dismal prospects, he wouldn’t have gotten such steep odds — about 141-to-1. But that’s what enabled him to collect $714,000 on a $5,000 wager when his three “huge underdogs” pulled upsets — two in overtime — on the same night.

Read More: Baltimore Sun
Here’s how Metro could fill next year’s $185M budget gap

The Washington Metropolitan Area Transit Authority still has a $184.7 million gap to fill in the upcoming fiscal year’s operating budget, which is in the early stages of being developed. At a finance and capital committee meeting Thursday, officials from Metro’s financial office told board members of a few ideas they have about how to fill that gap in the fiscal 2024 budget, for the period starting in July 2023.

Why the labor shortage is likely to continue in 2023 and beyond

The Federal Reserve has been working to cool down the hiring market, but the latest data shows few substantial changes in the nation’s labor market dynamics — meaning employers in many industries are likely to continue facing significant challenges finding talent. The United States added about 263,000 jobs in November, far above expert estimates of around 200,000. The unemployment rate sits unchanged from at 3.7%. The Labor Force Participation Rate, which is the percentage of working-age Americans actively seeking work or employed, dropped slightly to 62.1% in November, down from 62.2% in October and down from 63.4% in the month before the pandemic.

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