Top News & Analysis Maryland

  • SPARKS, Md. _ McCormick& Co. on Friday reported fiscal third-quarter earnings of $127.7 million. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 95 cents per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • WASHINGTON, Sept 29- The chairman of the U.S. Senate Foreign Relations Committee said on Thursday he had tried to find a compromise before Congress' rare override of a presidential veto of a bill that allows relatives of Sept. 11 victims to sue Saudi Arabia. Corker said he and Senator Ben Cardin of Maryland, the committee's ranking Democrat, had tried to set up a...

  • HARTFORD, Conn.— The Latest on the Connecticut General Assembly approving a $220 million agreement that will keep Sikorsky Aircraft Corp. in the state.:. The Connecticut General Assembly has given final legislative approval to a $220 million agreement that will keep Sikorsky Aircraft Corp. in the state to produce a new line of heavy cargo helicopters.

  • HARTFORD, Conn.— A $220 million agreement that would keep Sikorsky Aircraft Corp. in Connecticut for at least the next 16 years to produce a new line of heavy cargo helicopters for the U.S. military easily cleared the General Assembly on Wednesday, with some lawmakers hailing the deal as a positive sign for manufacturing in the state. Dannel P. Malloy's...

  • HARTFORD, Conn.— Democratic leaders of the Connecticut House of Representatives predicted Monday there's support among state lawmakers for a $220 million agreement that would commit Sikorsky Aircraft to keeping its headquarters in the state. The House leaders represent the majority party in the General Assembly. "I think there's genuine support for the...

  • NEW YORK— American Express did not violate antitrust laws by barring merchants from asking customers to use one credit card over another and steering consumers to another form of payment, a federal appeals court said Monday. To do so, it said, likely would increase the market shares of Visa and MasterCard at the expense of American Express, whose card members tend...

  • NEW YORK, Sept 23- Oil prices tumbled on Friday following signs that Saudi Arabia and Iran continue to disagree over output limits ahead of a meeting next week aimed at freezing production, while energy shares weighed on global stock indexes. Sources said Saudi Arabia did not expect a decision in Algeria, where the Organization of the Petroleum Exporting...

  • Sept 23- Wall Street pulled back on Friday as lower oil prices weighed on energy shares and tech giants Facebook and Apple declined, although major indexes were still on pace to end the week higher. Oil prices tumbled about 4 percent on signs Saudi Arabia and Iran were making little progress in achieving agreement ahead of talks by crude exporters aimed at...

  • NEW YORK, Sept 23- Oil prices fell sharply on Friday following a report that Saudi Arabia did not expect a deal at talks by major crude exporters next week aimed at freezing output and reining in a global glut, while world stock indexes edged lower. Traders cited a Bloomberg report that Saudi Arabia did not expect a decision at Algiers, where the biggest oil...

  • *All three major indexes on track to end week higher. Sept 23- Wall Street was lower in early afternoon trading on Friday as investors assess valuations after a three-day rally spurred by optimism that the Federal Reserve will hold off from raising interest rates in the near term. "The market is taking a bit of a breather after a strong week," said Mike Bailey, director...

  • *All three major indexes on track to end week higher. Sept 23- Wall Street was lower in late morning trading on Friday as investors assess valuations after a three-day rally spurred by optimism that the Federal Reserve will hold off from raising interest rates in the near term. "The market is taking a bit of a breather after a strong week," said Mike Bailey, director of...

  • Palm trees stand in front of the Marina Del Rey Marriott hotel in Marina Del Rey, California, U.S., on Monday, March 21, 2016.

    In total, 30 brands will fall under the Marriott umbrella to create the world's largest hotel chain with more than 1.1 million rooms.

  • Marriott International closed Friday morning on its $13 billion acquisition of Starwood Hotels& Resorts Worldwide, bringing together its Marriott, Courtyard and Ritz Carlton brands with Starwood's Sheraton, Westin, W and St. Marriott now eclipses Hilton Worldwide's 773,000 rooms and the 766,000 that are part of the Intercontinental Hotels Group family,...

  • SAN FRANCISCO/ WASHINGTON, Sept 22- A U.S. investigation into a leak of hacking tools used by the National Security Agency is focusing on a theory that one of its operatives carelessly left them available on a remote computer and Russian hackers found them, four people with direct knowledge of the probe told Reuters. The public release of the tools coincided with...

  • A Democratic congressman is suggesting that public outrage over the increase in price for the EpiPen could help Congress pass legislation allowing Medicare to directly negotiate drug prices with companies. Congressman Stephen Lynch of Massachusetts linked the EpiPen controversy to Medicare and drug prices during a hearing Wednesday before a House...

  • WASHINGTON— The head of pharmaceutical company Mylan is defending the cost for life-saving EpiPens and is signaling the company has no plans to lower prices despite a public outcry. "Price and access exist in a balance, and we believe we have struck that balance," Heather Bresch says in prepared testimony released by the House Oversight and Government Reform...

  • Dannel P. Malloy and Maryland- based Lockheed Martin. The deal calls for Sikorsky to build nearly 200 CH-53K King Stallion helicopters in Connecticut for the U.S. Navy until at least 2032. Lockheed Martin purchased the Stratford- based helicopter maker from United Technologies in November.

  • Sept 20- Baltimore's city council gave final approval for a $660 million public financing package to help fund a $5.5 billion project for Under Armour Inc Chief Executive Kevin Plank's real estate company, a council spokesman said on Tuesday. Plank's company, Sagamore Development, has called Port Covington one of the biggest urban renewal projects in the...

  • BALTIMORE— Baltimore's City Council has given final approval to $660 million in public financing for Under Armour CEO Kevin Plank's mixed-use waterfront development. The $5.5 billion development will have offices, homes, restaurants, green space and a new campus for Under Armour, a sportswear company. A spokeswoman for Mayor Stephanie Rawlings-Blake tells...

  • NEW YORK, Sept 14- U.S. public pension funds are embracing currency hedging to bolster returns that have soured in the past year and to prevent further buffeting from extreme market movements. Total inflows to currency managers soared nearly 160 percent to $13.0 billion in the first seven months of the year from $5.1 billion a year earlier, according to...