WASHINGTON-- Boehringer Ingelheim Pharmaceuticals Inc. will pay $95 million to settle allegations that the company promoted three drugs for uses that were not medically accepted, the government announced Thursday.
PITTSBURGH-- The wheeling and dealing over the natural gas-rich Marcellus Shale has hit the pause button. PwC said low natural gas prices were the main factor, not the output or potential of the vast shale gas formation that lies under parts of Pennsylvania, West Virginia, New York, Ohio and Maryland.
HARTFORD, Conn.-- Utilities and governments along the East Coast are working to head off long-term power failures as forecasters predict a major storm to hit a region already skittish after foul weather in recent months that plunged residents into darkness for weeks.
NEW YORK-- The cosmetics company Revlon Inc. reported a loss for the third-quarter as restructuring and litigation charges more than offset the impact of a 3 percent rise in revenue. Revlon, whose brands include Almay, Mitchum and its namesake, said that it lost $15 million, or 29 cents per share in the three-month period ended Sept. 30.
This isn't anything new. Years ago, viewers celebrated the presidency of Jed Bartlet on "The West Wing." Fans of "The Wire" savored the ascent of Tommy Carcetti from the Baltimore city council to the Maryland governor's office. Michael J. Fox, and then Charlie Sheen, worked for New York Mayor Winston on the sitcom, "Spin City."
BALTIMORE-- Under Armour said Thursday that its net income climbed 25 percent in the third quarter, with the athletic clothing maker saying that new products are helping fuel demand for its merchandise. Under Armour Inc. earned $57.3 million, or 54 cents per share, for the three months ended Sept. 30.
SILVER SPRINGS, Md.-- Choice Hotels International Inc. said Wednesday that its third-quarter net income jumped 5 percent to beat expectations and it issued better-than-expected full year forecast. Choice Hotels said its net income increased to $44.4 million, or 76 cents per share, for the period that ended Sept. 30.
COLUMBIA, Md.-- W.R. Grace& Co.' s third quarter earnings fell 7 percent, as foreign exchange rates and weaker demand in developed economies hurt the chemical maker's revenue. The Columbia, Md., company said Wednesday it earned $75.5 million, or 99 cents per share, in the three months that ended Sept. 30.
BETHESDA, Md.-- Lockheed Martin Corp. said Wednesday its third-quarter net income rose 4 percent, as lower pension-related costs helped offset a drop in revenue. The results beat Wall Street predictions and the Bethesda, Md.- based aerospace and defense contractor also raised its full-year profit and revenue predictions.
BALTIMORE-- A Maryland health advocacy group is releasing a study on the effects of tax increases on small cigars and smokeless tobacco products. The Maryland Health Care For All Coalition is releasing the study on Wednesday in Baltimore. The tax increases were approved this year.
BALTIMORE-- Financial services firm T. Rowe Price Group Inc. reported a better-than-expected 25 percent increase in third-quarter profit Wednesday, buoyed by stock-market gains that resulted in a big jump in revenue from investment advisory fees.
SILVER SPRING, Md.-- United Therapeutics Corp. said Tuesday that the U.S. Food and Drug Administration declined its application for an extended-release tablet version of its pulmonary arterial hypertension drug treprostinil.
PROVIDENCE, R.I.-- An auction of items from former Red Sox pitcher Curt Schilling's failed video game company has begun, with early bidders snatching up swords, lamps and even a wheelchair left behind when 38 Studios collapsed. Rhode Island lured 38 Studios from Massachusetts with a $75 million loan guarantee.
BALTIMORE-- A federal judge has ruled that Baltimore County's pension system discriminated against beneficiaries because older workers were required to pay more toward their retirement than younger workers. District Judge Benson Everett Legg agreed that the county system violated the Age Discrimination in Employment Act.
PORTLAND, Maine-- Southwest Airlines Co. says it will fly to Baltimore-Washington International Airport when it begins service next spring out of Portland, Maine. The airline says it will initially offer nonstop flights each day between Portland International Jetport and Baltimore-Washington when it starts flying out of Portland on April 14.
ROCHESTER, N.Y.-- Wegmans Food Markets Inc. says it's recalling a brownie mix after reports from two consumers about allergic reactions to undeclared milk in the product.
NEW YORK-- New York City Mayor Michael Bloomberg is poised to spend $500,000 of his personal fortune on gay marriage campaigns in Maine, Minnesota and Washington state, he said Monday, following up on a major political spending push the billionaire businessman-turned-politician announced last week.
BOSTON-- Shares of companies that own Medicare- supported health care facilities fell on Tuesday after an analyst reduced ratings on two of the stocks, citing the potential for cuts to the federal health program. Jefferies& Co. analyst Omotayo Okusanya cut his ratings of Ventas Inc. and Omega Healthcare Investors Inc. to "Hold" from "Buy."
CLEVELAND-- Unemployment rates fell last month in nearly all of the battleground states that will determine the presidential winner, giving President Barack Obama fresh fodder to argue that voters should stick with him in an election focused squarely on the economy.