Baltimore Business Briefing

 

April 27, 2017 View email in browser
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Under Armour posts its first quarterly loss

Under Armour Inc. posted its first quarterly loss as a public company for the first three months of the year on Thursday but said sales growth met expectations and called the results a “solid start” to the year.
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How Trump’s tax plan could affect you

The White House unveiled a broad outline Wednesday for a dramatically simpler tax code that could lead to lower tax bills for many ordinary taxpayers
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Popular deduction in Maryland would be ended by Trump tax plan

A federal tax outline unveiled Wednesday by President Donald Trump’s administration calls for ending the deduction on state and local taxes, eliminating a provision used more in Maryland than anywhere else in the nation.
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Kenilworth at Perring Park Apartments to get $12 million makeover

The renovation and expansion project includes a 1,573-square-foot clubhouse.
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Legg Mason reports fourth-quarter profit of $75.9 million

Earnings per share rose to 76 cents from a loss of 43 cents per share the year-ago period, beating analyst expectations.
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Le Garage in Hampden to close, rebrand

Le Garage in Hampden is closing its doors to rebrand.
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T. Rowe Price doubles down on active management strategy at annual meeting

William J. Stromberg, president and CEO of T. Rowe Price Group. Inc., gave a broad defense of the asset manager’s focus on active management of investors’ money as individuals join institutions in seeking more passive management that costs less
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Congress aims for Friday vote on bill to avoid shutdown

Lawmakers are nearing agreement on sweeping spending legislation to keep the lights on in government, after the White House backed off a threat to withhold
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