Under Armour to take a hit from Sports Authority’s demise

Under Armour Inc. on late Tuesday said it will take a $23 million second-quarter charge tied to Sports Authority’s liquidation plans, a move also expected to lower the Baltimore sportswear maker’s revenue and operating income for the year.

In a federal filing, Under Armour said Sports Authority’s bankruptcy and liquidation means it was only able to recognize $43 million of the originally planned $163 million in revenue with the retail for 2016.

In March, when Sports Authority filed for chapter…

from http://www.bizjournals.com/baltimore/news/2016/05/31/under-armour-to-take-a-hit-from-sports-authoritys.html?ana=RSS%26s=article_search
from http://baltimorecheckbook.tumblr.com/post/145224556582

Baltimore City schools to eliminate 171 jobs

Baltimore City Public Schools will eliminate 171 full-time positions — a list that includes no teachers and principals — to help close a budget gap, the school system said on Tuesday.

The announcement came amid much speculation that the layoffs were in the works, with many fearing teachers would be among those displaced.

But school officials said they anticipate that fewer than 171 people will be affected because some staff will be transferred or reassigned to open positions. Positions impacted…

from http://www.bizjournals.com/baltimore/news/2016/05/31/baltimore-city-schools-to-eliminate-171-jobs.html?ana=RSS%26s=article_search
from http://baltimorecheckbook.tumblr.com/post/145224556262

Fewer commit to Md. college after firestorm over its president

EMMITSBURG, Md. (AP) — Mount St. Mary’s University says fewer new undergraduates are committing to the Maryland Catholic college after its former president likened struggling freshmen to bunnies that should be killed. Vice President Michael Post said Tuesday that 449 incoming freshmen committed to the school by the May 1 national reporting deadline, compared with …

from http://thedailyrecord.com/2016/05/31/maryland-university-freshman-profiling-6/

Lawsuit: Doctors’ errors left woman in coma after giving birth

A Montgomery County woman has filed a federal lawsuit against several hospitals and doctors, alleging she suffered cardiac arrest and slipped into a coma because her health care providers failed to order appropriate treatments despite knowing her pregnancy was high-risk.

from http://thedailyrecord.com/2016/05/31/lawsuit-doctors-errors-left-woman-in-coma-after-giving-birth/

Spanish tall ship docks in Baltimore

The Spanish training ship Juan Sebastian de Elcano, the third longest ship of its kind in the world, has made port next to City Pier at Broadway in Fells point which is currently under construction to become a 128 room hotel which is being developed by Sagamore Development Company. LLC. The 371 foot long Spanish …

from http://thedailyrecord.com/2016/05/31/maryland-baltimore-tall-ship/

Under Armour lowers 2016 outlook with Sports Authority liquidation

Under Armour has lowered its 2016 revenue outlook to $4.925 billion, down slightly from the $5 billion outlook the company announced during its first-quarter earnings release in April. The Baltimore sports company announced the lower outlook Tuesday afternoon in response to a bankruptcy court decision to liquidate Sports Authority instead of allowing the business to …

from http://thedailyrecord.com/2016/05/31/under-armour-lowers-2016-outlook-with-sports-authority-liquidation/

New Glen Burnie location merges two Mercy physician offices

Mercy Medical Center will open a new community health facility next week, the latest step in its efforts to “ring the Beltway” with outposts providing primary and specialty care .

from http://thedailyrecord.com/2016/05/31/new-glen-burnie-location-merges-two-mercy-physician-offices/