Analysts weigh in after Under Armour stock rises with fourth-quarter results

Under Armour shares soared Tuesday after the Baltimore-based athletic apparel brand reported stronger sales than expected. By midday, its shares were up nearly 15 percent at $16.32 each. While it reported at $88 million loss and weak U.S. sales, international sales lifted the company’s revenue 5 percent to $1.5 billion for the final quarter of 2017. The surprise drew interest from the stock market and headline writers. (Balt. Sun)

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JMT acquires RCG Architects, launches JMT Architecture

The architecture, engineering and consulting firm Johnson Mirmiran & Thompson, or JMT, has acquired RCG Architects and launched JMT Architecture to consolidate architecture and interior design services under one name. JMT officials say the acquisition of RCG, Baltimore’s oldest operating architectural firm, will allow them to enhance the services they offer in their higher education and cultural buildings practice. (Balt. Sun)

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Fells Point plans three new street festivals to boost neighborhood's image, foot traffic

Fells Point — hit hard by construction and a negative image — is looking to add three new festivals this year, including a celebration of jazz and a Father's Day antique car show. The entertainment is a push to remind people of Fells Point's stature as a fun and funky waterfront community, will be detailed in a Feb. 20 meeting with business owners and residents, said Misty Keens, executive director of Fells Point Main Street. (Balt. Bus. Journal)

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February 13 // Bill seeks to limit beers served by Maryland's small breweries

A bill introduced by Maryland Dels. Talmadge Branch and Dereck Davis seeks to roll back how much beer small breweries in Maryland can serve in their taprooms while allowing larger facilities, such as the one being built in Baltimore County by Guinness, to maintain existing limits. House Bill 1052 calls for reducing annual limits from the existing 2,000 barrels to 500 barrels at small breweries while allowing large facilities to continue to sell 2,000 barrels of beer — which equates to about 1,800 glasses of beer a day. (Balt. Sun)

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Maryland recovers $81 million from government contractor

Maryland's attorney general has reached an $81 million settlement with Computer Sciences Corp. after the state said the government contractor failed to develop and implement a Medicaid computer system. The dispute stems from a $170 million contract award to CSC — now known as DXC Technology (NYSE: DXC), based in Tysons — to replace an IT system in use since 1992 to administer the state's Medicaid program, including processing about $10 billion paid out annually to Medicaid providers. (Wash. Bus. Journal)

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Howard Bank's acquisition of First Mariner wins regulatory approval

Howard Bancorp has been given the go-ahead to move forward with its acquisition of First Mariner Bank after receiving approval from federal banking regulators. The Federal Reserve gave its OK for the $163.4 million deal late Monday, according to a letter sent to Howard Bancorp, the Ellicott City-based parent of Howard Bank. The Federal Deposit Insurance Corp. approved the deal on Jan. 31. The approvals clear the way for Howard to become the biggest Baltimore-based bank since Mercantile Bankshares. (Balt. Bus. Journal)

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Baltimore-area housing prices, sales inch up in January amid falling inventory

The median sales price of a home in the Baltimore area last month grew to a decade's high for January as inventory declined to its lowest level in more than 12 years. Prices increased 1.7 percent to $239,000, according to data provided by MarketStats by ShowingTime based on listing activity from Bright MLS. (Balt. Bus. Journal)

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A long time coming: Linthicum medical marijuana dispensary opens

Inside Green Point Wellness in Linthicum Monday, a small lobby was filled to capacity with dignitaries and staffers as the medical marijuana dispensary prepared to open its doors. Workers at the front desk checked IDs, just as they would any prospective customer. Those on hand jostled for position as they waited for the ribbon cutting ceremony followed by a tour of the facilities. For Anne Arundel, Tony and Laura Toskov’s facility represents the first in the county. (Capital)

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