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

Business

Checking in
Naval Academy grads build up Annapolis hotel, office portfolio

U.S. Naval Academy graduates Clinton Ramsden and Cody Monroe are bullish on Annapolis. The business partners met while attending the academy in the state’s capital and over the last few years have assembled a portfolio that includes several office buildings and three boutique hotels — with two more on the way. Their quest to combine historic properties with luxury accommodations comes as Annapolis is seeing a wave of growth.

Boeing to cut 17,000 jobs as losses deepen during factory strike

Boeing will cut 10% of its workforce, or about 17,000 people, as the company’s losses mount and a machinist strike that has idled its aircraft factories enters its fifth week. It will also push back the long-delayed launch of its new wide-body airplane. The manufacturer will not deliver its still-uncertified 777X wide-body plane, which has customers that include Lufthansa and Emirates, until 2026, putting it some six years behind schedule.

Read More: CNBC
Here’s what graduates of D.C.-area colleges can expect in midcareer salary

The median midcareer salary for graduates of 13 four-year colleges and universities in Greater Washington is $124,476, according to data from Payscale Inc. The Seattle company has ranked the colleges and universities by the median salaries of their alumni. In the gallery above, we run down the local colleges and break out midcareer pay, which Payscale defines as the median salary for a bachelor’s degree-holder with 10+ years’ experience.

Nobel economics prize is awarded for research into why countries succeed or fail

The Nobel memorial prize in economics was awarded Monday to Daron Acemoglu, Simon Johnson and James A. Robinson for research into differences in prosperity between nations. The three economists “have demonstrated the importance of societal institutions for a country’s prosperity,” the Nobel committee of the Royal Swedish Academy of Sciences said at the announcement in Stockholm.

Read More: AP News
This was captured well waiting for the doctor who was busy at the time
Nearly $5M in funding earmarked for future Crownsville Hospital Memorial Park

Ahead of a draft master plan mapping out the future of the Crownsville Hospital Memorial Park, federal officials have secured more than $4.6 million in funding to preserve historic artifacts and clear the way to develop a public park on the former hospital grounds. About $4.1 million of the funds announced at a news conference Wednesday will be used to demolish dilapidated structures at the hospital site to prepare for a public park and develop a trail system through the Chesapeake Heritage area.

Read More: Baltimore Sun
Baltimore breweries band together to help after Hurricane Helene

While nestled a safe distance away in Towson, Pickett Brewing Company’s self-proclaimed “beertender” Eric Kraai watched his two children narrowly escape the destruction of Hurricane Helene. Ellen, 21, who still lives in Boone, a town along the Blue Ridge Mountains about an hour and a half drive from her brother, Andrew, 29, in Asheville, made it out of North Carolina shortly after the Category 4 storm hit. They returned to find their communities devastated.

Baltimore woman brings fitness studio to new heights

Every so often, Stacey Dorsey — decked out in yoga wear — surveys the city from a vantage point high atop the Natty Boh Tower. How did she get up there? “It’s simple, sometimes, how these things happen,” Dorsey said. “You always think maybe it’s some big story. But it’s not.” Here’s Dorsey’s in a nutshell. She used to own a medical billing company, which she’s since sold.

Tesla robotaxi event comes after a decade of unfulfilled promises from Elon Musk

With Tesla’s hotly anticipated robotaxi event hours away, investors will soon get a glance at what CEO Elon Musk has called the CyberCab. After a decade of unfulfilled promises to deliver autonomous vehicles, capable of traveling reasonable distances safely without a human at the wheel, there’s a hefty dose of skepticism about what Tesla can do technologically, and when its robotaxi might actually hit the market.

Read More: CNBC
I focused on a subject that a source of frustration to an urban photographer - countless ubiquitous wires and cables crisscrossing nearly every location. here , They display a powerful geometry and symbolism against a perfect blue sky,
BGE crews head to Florida to help with response

As Hurricane Milton approaches Florida, Baltimore Gas and Electric is preparing crews to head south to pitch in with the response. BGE sent 42 employees toward Florida Wednesday morning to help repair expected damage, the company said in an email. The utility sent more than 40 employees to Georgia for 13 days in the wake of Hurricane Helene, as well.

MilliporeSigma opens $3.45M biosafety testing facility in Rockville

MilliporeSigma, the U.S. and Canada life science business of Merck KGaA, Darmstadt, Germany, has opened its new $3.45 million biosafety testing facility in Rockville. Biosafety testing and analytical development are fundamental components of drug development and commercialization for traditional and novel modalities. Global demand for these services is growing at a double-digit rate.

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.