Friday, May 24, 2024 | Baltimore, MD
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Business

Ravens’ John Harbaugh launches coaching academy with goal to ‘share what we learned’

Ravens coach John Harbaugh was sitting around with his younger brother Jim about five years ago enumerating the many occasions their father, Jack, told the stories that shaped their coaching careers. “These lessons that you learn, it can’t just be us,” John said. “We’re gonna forget these stories. We need people to hear these stories.

Read More: Baltimore Sun
UMD Center for Global Business wins national honor for expanding business in international markets

The U.S. Department of Commerce has awarded a 2024 President’s “E” Award for Export Service to the Center for Global Business (CGB) at the University of Maryland’s Robert H. Smith School of Business. A founding member of the MAPIT Alliance (Maryland Partners in International Trade), Smith’s CGB was recognized for significant contributions over the past four years to expand U.S. business in international markets — contributing to national export expansion efforts that support the U.S. economy and create American jobs.

Pickleball paddles come in some wild colors!
Pickleball courts are being developed in a vacant Bed Bath & Beyond store this year.

Score another point for fast-growing pickleball. A health and fitness club is expanding at Annapolis Towne Center, with plans to convert a former Bed Bath & Beyond store into an 11-court pickleball hub and lounge by year’s end. Officials of Life Time (NYSE: LTH), a national health and wellness firm with 1.5 million members and 170 clubs across the U.S., said they will add the pickleball component to existing workout space at the town center that sits off Interstate 97.

National chain with five Baltimore-area locations files for bankruptcy

National restaurant chain Red Lobster Management LLC, and its related subsidiaries, announced late Sunday that it has voluntarily filed for Chapter 11 bankruptcy relief in the U.S. Bankruptcy Court for the Middle District of Florida. The news came via an 11:34 p.m. release distributed by the company. Orlando-based Red Lobster said the filing is part of a reorganization to maintain the business as a going concern so it can sell to a buyer.

Tourism businesses that rely on water hopeful amid re-floating of Dali cargo ship

Business is down considerably for a company that sails charter trips around the Baltimore harbor, but the hope is to get back to normal soon. Ever since the collapse of the Francis Scott Key Bridge on March 26, Capt. Bobby LaPin, the owner of Boat Baltimore, said his business has been down 23% compared to this same time last year.

Read More: WBALTV
Quantum Loophole breaks ground on 600-acre nature reserve at data center campus

Quantum Loophole has begun construction on a 600-acre nature reserve at its planned data center campus near Adamstown to capture carbon emissions generated by data center facilities. The company announced on April 22 that it broke ground on the reserve. A tree planting demonstration took place in March to kick off the beginning of the project.

Amid low Preakness turnout, ecstatic Seize the Grey owners give horse racing a shot of life

A crash course on the economics of modern racehorse ownership: Julie Hobson bought a 0.02% share of Seize the Grey for $127. When the horse won the Preakness Stakes on Saturday evening, she — and every other microshare owner — earned $158 of the $2 million purse. But Hobson also spent $2,000 just to get to Baltimore after her flight was delayed from her home in Northern California.

Longshoremen celebrate getting back to work at Port of Baltimore

Just hours before high tide, when officials planned to start refloating the enormous container ship that toppled the Francis Scott Key Bridge and restricted maritime traffic for two months, the longshoremen of Local 333 were dancing to vintage Jackson 5 tunes and slurping water ice. Eight weeks of angst had ended, and it might as well finish with a party. The longshoremen were going back to work, at long last.

Royal Caribbean, Carnival will cruise out of Baltimore for first time since Key Bridge collapse. Here’s when.

Royal Caribbean and Carnival are getting ready to sail out of the Port of Baltimore as the first cruise departures from the port since the March 26 collapse of the Francis Scott Key Bridge. The Port of Baltimore announced that Vision of the Seas, owned by Royal Caribbean, will embark on a five-night voyage on May 25 from Baltimore to Bermuda.

 

group of people riding horses
Inside Preakness’ costly hunt for younger fans

Horse racing powerhouse the Stronach Group has spent millions of dollars trying to lure younger fans and higher-profile horses to the Preakness Stakes, the second jewel of the sport’s Triple Crown and one of Maryland’s marquee sporting events. It seems to have been a bad bet. Long viewed as the anchor of the state’s storied but declining thoroughbred racing industry, Preakness has gone from a moneymaker to a financial loser in recent years.

 

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