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State lowers revenue estimates
Weak sales and use tax receipts have contributed heavily to a downward revision of Maryland’s revenue estimates for the remainder of this fiscal year and the next.
February casino revenue is second-best ever
Maryland’s three casinos combined to generate more than $47.7 million in February, the second-best total in the state gambling industry’s short history.
Barnes & Noble posts 3Q loss as Nook costs mount
NEW YORK — The digital business is weighing on Barnes & Noble Inc., the largest traditional U.S. bookseller. The company posted on Thursday a loss in the fiscal third quarter, […]
Groupon tumbles after weak 1Q revenue outlook
CHICAGO — Online deals company Groupon Inc. posted a larger fourth-quarter net loss on Wednesday, and its weaker than-expected revenue outlook sent its shares down 24 percent after-hours. The guidance […]
Experts: Millennial Media going through ‘textbook’ growing pains
Millennial Media’s recent market tumult — which included a 38 percent dip in its stock price last week — shouldn’t present much worry for investors, according to those familiar with the mobile advertising industry.
Marriott Vacations drops as forecast disappoints
ORLANDO, Fla. — Marriott Vacations Worldwide lost money in its fourth quarter, partly weighed down by lawsuit settlements and some charges. Its adjusted results and revenue topped Wall Street’s view, […]
Marriott’s 4Q boosted by higher rates, occupancy
NEW YORK — Marriott International Inc. turned a better-than-expected profit in its fourth quarter driven by an increased number of rooms in the hotel company’s portfolio and higher occupancy and […]
Discovery’s 4th-quarter profit drops
Discovery Communications Inc., of Silver Spring, reported an 8 percent increase in fourth-quarter revenue, but earnings declined, falling short of analysts’ expectations.
Exelon 4Q profit falls, plans to cut dividend
Exelon Corp., the parent of Constellation and BGE and the nation’s largest supplier of wholesale electric power, will cut its quarterly dividend for the first time as falling electricity prices […]
Sprint posts $1.3B 4Q loss, revenue rises
NEW YORK — Sprint Nextel Corp., the country’s third largest wireless carrier, on Thursday said it lost $1.3 billion in its fourth quarter, about the same as a year ago, […]
Jockey Club’s plans are blueprint for future
The plans that the owners of the state’s horse racing tracks have presented to the Maryland Racing Commission for updating their aging facilities sketch out publicly the first steps in a physical transformation many say is essential for reviving the fledgling industry.
Sinclair Broadcast Group reports strong 4Q
Buoyed once again by election-year advertising, Hunt Valley-based Sinclair Broadcast Group Inc. reported higher revenues and earnings on Wednesday for the fourth quarter ended Dec. 31, 2012.
