Business

The owner of the Ever Forward container ship, which ran aground in the Chesapeake Bay in March, will pay Maryland nearly $700,000 to enhance local oyster bars as a penalty for the accident, following a Wednesday morning vote from Maryland’s Board of Public Works.

The Ravens received final approval Wednesday to extend their lease of M&T Bank Stadium for 15 more seasons, through 2037, and potentially through the 2047 season. Though the current lease’s expiration date is nearly five years away, the new contract was negotiated with the team’s landlord, the Maryland Stadium Authority, with the expectation that the Ravens soon would begin requesting bonds to renovate the stadium.

Southwest Airlines is apologizing to thousands of customers whose flights were disrupted after Christmas by offering them frequent flyer points worth hundreds of dollars. “I’ll stay with Southwest,” said Justin Bass, a Southwest passenger from Baltimore. More than a week after Southwest canceled 15,000 flights, leaving tens of thousands of passengers in the lurch, the airline has come up with a new way to say, “We’re sorry” in an e-mail from the CEO himself.

The long-anticipated deal to move CFG Bank’s headquarters to Baltimore Peninsula has been finalized. The bank will move into 97,000 square feet of space at 2455 House St. by the end of the year, officials said Wednesday morning. Details of the CFG lease deal first surfaced in mid-September, even as negotiations remained ongoing for the anchor tenant of the seven-story, red-brick tower. House Street will be the new name for the street formerly known as Banner Street, a spokesperson for the development said.

A group of video game testers has formed Microsoft’s first labor union in the U.S., which will also be the largest in the video game industry. The Communications Workers of America said Tuesday that a majority of about 300 quality-assurance workers at Microsoft video game subsidiary ZeniMax Studios has voted to join the union. Microsoft already told the CWA it would accept the formation of the union at its Maryland-based video game subsidiary, fulfilling a promise it made to try to build public support for its $68.7 billion acquisition of another big game company, Activision Blizzard. Microsoft bought ZeniMax for $7.5 billion in 2021, giving the Xbox-maker control of ZeniMax’s well-known game publishing division Bethesda Softworks and popular game franchises such as The Elder Scrolls, Doom and Fallout.

A member of M&T’s board of directors has stepped down from the board after being promoted to president and CEO of a Fortune 500 company. Calvin Butler, of Baltimore, left the board Dec. 31, the same day he took the top spot at Exelon Corp. Exelon is a Chicago-based energy company with about $36.5 billion in annual revenue and 18,000 employees. It operates electric utilities in Illinois, Pennsylvania, Maryland, Delaware, New Jersey and Washington, D.C. He has been an executive with the company for 14 years. Butler was promoted from chief operating officer to president in October. Less than a month later, the company announced he would be the next CEO.