Heard and By the Numbers

BY: Daily Record Staff
POSTED: November 6, 2009

Heard
“A lot of truth will come out, and that’s all I have to say about that.”
Mayor Sheila Dixon, during a news conference discussing her expectations for her upcoming trial, in which she is charged with stealing gift cards donated for needy families. Jury selection is set to start today.
“I don’t think the American people [...]

FDA warns Web companies not to sell flavored cigs

BY: Associated Press
POSTED: November 6, 2009

The Food and Drug Administration said Friday that it has warned several companies to stop selling banned flavored cigarettes to U.S. consumers online.

The agency sent letters this week to more than a dozen Web-based companies saying they are violating a new ban and asking the companies to describe in writing what action they have taken [...]

Md.’s solar energy incentive plan for businesses

BY: Daily Record Staff
POSTED: November 6, 2009

The Maryland Energy Administration announced the launch of an incentive program Friday for mid-sized solar energy systems, made possible through funding from the federal economic stimulus package. This two-year program will provide a total of up to $1.45 million to lower the cost of rooftop solar energy systems for commercial buildings.
“Maryland’s mid-sized solar grant program [...]

Dolan doubles profit, tops expectations

BY: Liz Farmer
POSTED: November 6, 2009

Dolan Media Co. has beat analyst expectations and more than doubled its profit for the third quarter, thanks to business acquisitions the company has made over the last year.
Minneapolis-based Dolan, parent company of The Daily Record, said Friday its net income for the third quarter, which ended Sept.  30, was $5.9 million, more than double [...]

Constellation-EdF deal complete

BY: Danielle Ulman
POSTED: November 6, 2009
Tags: Constellation Energy, edf, Energy

Constellation Energy Group Inc. and Electricite de France have completed the transaction for their $4.5 billion nuclear joint venture, the companies said Friday.
“With the close of the transaction, the companies look forward to working together to deliver the expected economic, environmental and clean energy benefits created by the joint venture,” Constellation and EDF said in [...]

O’Malley to meet with Stanley Black & Decker officials

BY: Nicholas Sohr
POSTED: November 6, 2009
Tags: martin O'Malley

CAMBRIDGE — Gov. Martin O’Malley said Thursday night he will meet with heads of The Stanley Works and Towson-based Black & Decker Corp. next week to discuss the merger that will move the tool giant’s headquarters out of Maryland.
The two companies announced their $4.5 billion, all-stock deal Monday.
“We’re going to be doing everything we possibly [...]

Father files suit against DC for girl’s death

BY: Associated Press
POSTED: November 5, 2009

The biological father of one of two girls whose bodies were kept in their adopted mother’s freezer in Maryland has filed a wrongful death lawsuit against the District of Columbia and the Board of Child Care of the United Methodist Church.

The suit filed Oct. 22 by Michael Muhammad of Temple Hills, Md., seeks $75 million [...]

AvalonBay Communities settles ADA suit 

BY: Brendan Kearney
POSTED: November 5, 2009

A major housing developer has agreed to resolve a long-running federal lawsuit by making thousands of its units accessible and paying a civil rights group $50,000 a year for the next 10 years for consulting services.
Attorneys for AvalonBay Communities Inc. and the Equal Rights Center reached the agreement in U.S. District Court in Greenbelt, and [...]

Bi-level cars approved for Penn Line

BY: Associated Press
POSTED: November 5, 2009

The Maryland Transit Administration says its has received federal approval to use 13 bi-level passenger cars for high-speed service on MARC’s Penn Line.

The cars, acquired from the Virginia Railroad Express last year, will replace single-level coaches on the Penn Line and will increase capacity.
The Federal Railroad Administration granted approval for their use.
The Penn Line operates [...]

Legg-affiliated firm okayed to buy toxic assets

BY: Associated Press
POSTED: November 5, 2009

Investment company RLJ Western Asset Management LP has raised enough money to join with the government in buying toxic assets held by banks, the Treasury Department said Thursday.
The purchases of the soured mortgage securities and other assets in the government’s Public-Private Investment Program, or PPIP, are aimed at enabling banks to resume more robust lending [...]