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Top News & Analysis Maryland

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  • HAGERSTOWN, Md.— The new owner of the Rocky Gap Casino Resort in western Maryland is in no hurry to make changes. Las Vegas- based Golden Entertainment Inc. plans a patient approach to running the 200- room hotel, 18- hole golf course and casino inside Rocky Gap State Park near Cumberland, 130 miles west of Baltimore, Chairman Blake Sartini said Monday.

  • SYRACUSE, N.Y.— The number of Dinosaur Bar-B-Que restaurants in operation will hit double figures when the Syracuse- based company opens its 10th eatery later this year. Company founder John Stage told The Post-Standard of Syracuse that he's still in talks with officials in Indianapolis about putting a Dinosaur restaurant at a downtown location.

  • BroadSoft reports 2Q loss Monday, 3 Aug 2015 | 7:45 AM ET

    GAITHERSBURG, Md. _ BroadSoft Inc. on Monday reported a second-quarter loss of $8.1 million, after reporting a profit in the same period a year earlier. Six analysts surveyed by Zacks expected $61.9 million. For the current quarter ending in September, BroadSoft expects its per-share earnings to range from 27 cents to 37 cents.

  • Verizon strike possible as contract deadline looms Saturday, 1 Aug 2015 | 9:36 AM ET

    NEW YORK— Verizon workers in nine states could walk off the job as soon as early Sunday if union negotiators don't reach an agreement over benefits with the wireless carrier. Last week, the Communications Workers of America announced that 86 percent of Verizon workers covered by the contract voted to strike in a recent poll, if a new agreement isn't reached.

  • COLLEGE PARK, Md.— The American Journalism Review will stop publishing online, bringing to an end 38 years of reporting on the news media. Lucy Dalglish, dean of the Philip Merrill College of Journalism at the University of Maryland, which published the magazine, announced the closing Friday on the college's website. The magazine, founded in 1977 by American...

  • Verizon strike possible as contract deadline looms Friday, 31 Jul 2015 | 5:56 PM ET

    WASHINGTON— Verizon workers in nine states could walk off the job as soon as early Sunday if union negotiators don't reach an agreement over benefits with the wireless carrier. Last week the Communication Workers of America announced that 86 percent of Verizon workers covered by the contract voted to strike in a recent poll, if a new agreement isn't reached.

  • DOVER, Del.— Frustrated with years of legal wrangling, a Delaware judge has given a lender 60 days to decide whether to buy the former presidential yacht Sequoia, which lies rotting in a Virginia shipyard. In 2012, the Sequoia group entered a $7.5 million loan agreement with FE Partners LLC, an investment entity formed by Washington, D.C.- based Equator Capital Group...

  • Legg Mason beats Street 1Q forecasts Friday, 31 Jul 2015 | 7:12 AM ET

    BALTIMORE _ Legg Mason Inc. on Friday reported fiscal first-quarter profit of $94.5 million. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of 82 cents per share. Legg Mason shares have fallen 8.5 percent since the beginning of the year, while the Standard& Poor's 500 index has climbed slightly more than 2 percent.

  • Shenandoah Telecom posts 2Q profit Friday, 31 Jul 2015 | 7:09 AM ET

    EDINBURG, Va. _ Shenandoah Telecommunications Co. on Friday reported second-quarter earnings of $10.5 million. The telecommunications service provider in parts of Maryland, Pennsylvania, Virginia and West Virginia posted revenue of $85.7 million in the period. Shenandoah Telecom shares have climbed 2 percent since the beginning of the year.

  • Chesapeake Lodging reports 2Q results Thursday, 30 Jul 2015 | 7:57 PM ET

    ANNAPOLIS, Md. _ Chesapeake Lodging Trust on Thursday reported a key measure of profitability in its second quarter. The average estimate of six analysts surveyed by Zacks Investment Research was for funds from operations of 67 cents per share. For the current quarter ending in September, Chesapeake Lodging expects its per-share funds from operations to...

  • First Potomac Realty Trust reports 2Q results Thursday, 30 Jul 2015 | 7:54 PM ET

    BETHESDA, Md. _ First Potomac Realty Trust on Thursday reported a key measure of profitability in its second quarter. The average estimate of seven analysts surveyed by Zacks Investment Research was for funds from operations of 24 cents per share. First Potomac Realty Trust expects full-year funds from operations in the range of 93 cents to 98 cents per share.

  • TeleCommunication tops 2Q profit forecasts Thursday, 30 Jul 2015 | 6:45 PM ET

    ANNAPOLIS, Md. _ TeleCommunication Systems Inc. on Thursday reported second-quarter profit of $717,000. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 3 cents per share. Three analysts surveyed by Zacks expected $90.1 million.

  • SILVER SPRING, Md.— Hillary Rodham Clinton on Thursday offered some support for a proposal in the Senate that would raise the federal minimum wage to $12 an hour, hinting that the higher rate sought by labor unions doesn't have enough support. Patty Murray that would increase the rate to $12 an hour by 2020, which is several dollars less than the $15 backed by labor...

  • President Barack Obama's healthcare reform law has helped fuel adoption of these arrangements. Baltimore- based CareFirst said growth in overall medical spending slowed to a rate of 2 percent, compared with annual increases averaging 7.5 percent before the program began in 2011.. CareFirst's medical home program covers just under 1.1 million people,...

  • MADRID, July 30- Spanish bank Santander said on Thursday former U.S. banking regulator Sheila Bair had resigned from its board after being named rector of Washington College in Maryland. Bair, who ran the Federal Deposit Insurance Corporation from 2006 to 2011, was appointed to the board of the euro zone's biggest bank, which is making a big push in the United...

  • President Barack Obama's healthcare reform law has helped fuel adoption of these arrangements. Baltimore- based CareFirst said growth in overall medical spending slowed to a rate of 2 percent, compared with annual increases averaging 7.5 percent before the program began in 2011.. CareFirst's medical home program covers just under 1.1 million people,...

  • GP Strategies misses Street 2Q forecasts Thursday, 30 Jul 2015 | 9:36 AM ET

    COLUMBIA, Md. _ GP Strategies Corp. on Thursday reported second-quarter profit of $4.7 million. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 39 cents per share. GP Strategies shares have decreased 7.5 percent since the beginning of the year.

  • Host Hotels reports 2Q results Thursday, 30 Jul 2015 | 6:15 AM ET

    The average estimate of 12 analysts surveyed by Zacks Investment Research was for funds from operations of 45 cents per share. Eight analysts surveyed by Zacks expected $1.47 billion. Host Hotels expects full-year funds from operations in the range of $1.52 to $1.55 per share.

  • American Capital Mortgage posts 2Q loss Wednesday, 29 Jul 2015 | 6:09 PM ET

    BETHESDA, Md. _ American Capital Mortgage Investment Corp. on Wednesday reported a second-quarter loss of $40 million, after reporting a profit in the same period a year earlier. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 50 cents per share. American Capital Mortgage shares have fallen 15 percent since the...

  • Earlier this week, U.S. crude prices hit four-month lows and Brent, the more important global benchmark, neared a six-month trough as a global oil glut, resurgent dollar and stock market tumble in top energy consumer China took a toll. "I see a rebound of about five bucks off the recent lows in the most likely scenario," said Chris Jarvis at Caprock Risk Management, an...