Saturday, September 21, 2024 | Baltimore, MD
FOLLOW US:

Business

Quiet quitting may be more widespread than ever. And managers are not immune.

More workers may be “quiet quitting” than the recent viral TikTok trend has revealed, at least according to a new Gallup survey — and that includes some managers. “Quiet quitting,” or when workers do only what they feel is called for in their job descriptions and commensurate with their pay — also called “acting your wage” or “working to the rule” — is measured by experts as engagement to the workplace. A new Gallup poll found 32% of workers were engaged while the number who are actively “disengaged” has increased to 18%, or a ratio of 1.8 to 1  — the lowest in nearly a decade. It follows a trend that began in 2021 and coincided with the Great Resignation. The remainder of the workforce lies somewhere in between.

Distributor signs largest lease with PG County business park

Manekin LLC, one of the region’s leading real estate development firms, and Turnbridge Equities, a privately held, full-service real estate investment, development, and SEC-registered investment advisory firm, have completed a 358,400-square-foot lease with Ferguson Enterprises at National Capital Business Park in Upper Marlboro. Ferguson is one of North America’s leading value-added distributors across residential, non-residential, new construction and repair, maintenance and improvement (RMI) end markets.  Ferguson’s site will incorporate a 358,400 square foot modern 36-foot clear height warehouse distribution facility, approximately 260 parking spaces, 56 truck docks, four drive-in doors, and 80 trailer parking spaces, as well as three acres of outdoor storage space.

 

selective focus photography of white baseball balls on ground
Court filings detail power struggle among Angelos sons for influence over Baltimore Orioles

A rift among brothers vying to control the Baltimore Orioles. A power struggle behind the team’s firing of beloved former outfielder Brady Anderson. A changing of the guard that’s credited with the club’s resounding turnaround year. New court records detail the family drama that has played out behind the scenes of the Baltimore Orioles in recent years. The revelations come amid the ongoing legal battle between the two sons of ailing, longtime Orioles owner Peter Angelos.

McCormick warns of lower sales amid high inflation, supply chain issues

Shares of McCormick & Co. Inc. fell nearly 6% in after hours trading Wednesday after the Hunt Valley spicemaker slashed its sales and profit outlook for the rest of its fiscal year. The company said in a release Wednesday night announcing its preliminary earnings for its fiscal third quarter that continued high inflation and supply chain struggles will drag down its results in the coming months.

University of Maryland Baltimore to partner with Shock Trauma to address gun violence

The University of Maryland Baltimore is launching a new crime prevention initiative. Thanks to a $2 million grant, the school will partner with Shock Trauma, the university’s school of medicine, community leaders, along with the university’s law school and school of social work to help reduce and respond to violence in the city.

Read More: WBAL
Myersville residents wary of Dollar General store planned for Main Street

Dollar General plans to open a “DG Market” — a store that primarily sells groceries — on Main Street in Myersville, prompting mixed reactions from town residents. The business would lease property on a 31-acre lot just north of the Sunoco gas station, along the town’s main thoroughfare.

Grab your dancing shoes to prep for Ellicott City’s ninth annual Main Street Music Festival

The ninth annual Main Street Music Festival is coming up on Sept. 17 from noon to 8 p.m., in the historic district. Pre-game shows will take place on Sept. 16, with bands playing on four stages: The Oella River Band will be at the Town Center Stage at the welcome center at 5:30 p.m. Shee’s Unhinged will be playing at the B&O Plaza at 6 p.m. Swamp Donkey will be at the Wine Bin at 6 p.m. and Comedy and Big Bands will be at the Little Market Café at 8 p.m.

Read More: Baltimore Sun
airport, travel, traveler
Airlines count on business travelers to keep recovery going

With summer vacations winding down, airlines are counting on the return of more business travelers to keep their pandemic recovery going into the fall. Air travel in the United States, bolstered by huge numbers of tourists, has nearly recovered to pre-pandemic levels — even topping 2019 numbers over the Labor Day weekend. Inflation — and especially this year’s sharp rise in airfares — raises concern about how long vacationers can afford to keep flying at their current pace. Airlines say they see no signs of a slowdown in leisure travel. Business travel, however, remains about 25% to 30% below 2019 levels, according to airlines and outfits that track sales.

Bed Bath & Beyond names Laura Crossen as interim CFO

Bed Bath & Beyond has named its chief accounting officer, Laura Crossen, as interim chief financial officer following the death of Gustavo Arnal. The home goods retailer said in a regulatory filing that Crossen will continue as its principal accounting officer while serving in the interim role. Crossen’s base salary was raised by $200,000 and the compensation committee increased her target annual bonus opportunity to 70% of her modified base salary. The filing said the adjustments will only be effective for the period she serves as interim CFO. Arnal died on Friday.

Read More: Baltimore Sun
National security company opening sector HQ in Prince George’s County
Peraton Inc., a Reston, Virginia-based national security company with offices across the country, has signed a lease with St. John Properties Inc. for 18,102 square feet of space within Melford Town Center in Prince George’s County. Peraton intends to relocate its global health and financial solutions sector headquarters from McLean, Virginia to the 466-acre mixed-use business community by late fall. Bill Jautze of St. John Properties represented the landlord and Daniel Rasmussen of Cushman & Wakefield represented the client in this transaction. Peraton will occupy 16901 Melford Blvd., a four-story building containing 150,000 square feet of Class ‘A’ commercial offices space.

The Morning Rundown

We’re staying up to the minute on the issues shaping the future. Join us on the newsletter of choice for Maryland politicos and business leaders. It’s always free to join and never a hassle to leave. See you on the inside.