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Content about Economy of the United States

March 7, 2014

Still reeling from its 2013 end-of-year data breaches, Target Corporation (NYSE:TGT) is busy reassuring shareholders, investors and even congress that it has everything under control but what about the customers including those affected by the data breaches? Besides months away, “better” anti-fraud technology and credit monitoring services, has Target replaced any of its policies that got it into this mess in the first place?

Here are three ways Target can make a bad situation better.

Target, your local DMV?

March 30, 2012


Shares of Sunrise Senior Living, Inc  (NYSE: SRZ), the McLean, Va-based companny which develops and maintains senior living residences and other facilities is showing a warning sign that it’s ready to take a breather. 

January 30, 2012

Under Armor (NYSE: UA)  is an American sports clothing and Accessories Company. The company is a supplier of a wide range of sportswear and casual apparel mainly focusing on hi-tech sportswear for professional athletes. Under Armor’s global headquarters is located in Baltimore, Maryland. The company reported earnings on January 26, 2012. For the quarter ended December 31, the company met expectations on revenues ($403.1M) and beat expectations on earnings per share.

December 13, 2011
The D.C. area was a contender for the relocation but didn't make the short list

The highly watched Sears headquarters relocation is likely to be decided by the end of the year and with no move at all coming from the nation's fourth largest retailer.

November 7, 2011

Chevy Chase-based GEICO, one the largest insurance companies in the nation and with primary offices across the Maryland/D.C. border in Montgomery County is set to appear in front of the Montgomery County Planning Board on November 17, 2011 but for reasons not to the liking of either side.

The Planning Board is set to vote on the validity of an extension request for plans to redevelop GEICO's headquarters, and depending on which way the board votes could be a lose-lose situation for both parties.

August 12, 2011

After huge swings in the stock market over the last several days, management at companies in the area find it a good time to stock up

AvalonBay Communities, Inc.  (NYSE:AVB),  Chairman of the Board, Bryce Blair, accumulated almost 18,000 shares through various transactions between the August 9th and 10th.

All-in-all the Chairman of one of the largest multifamily developers in the D.C. area, made transactions (acquiring and disposing) totaling 35,800 shares of Arlington-based AvalonBay stock and got in as low as $48.60.

August 2, 2011

The proposed merger deal between Baltimore based Constellation Energy and Chicago based Exelon Corporation is still being relentlessly pursued. The merger is planned to close in the first quarter of 2012.

Exelon Corporation released slides reinforcing the merger at presentation during a supplier meeting.

The combined company would have an estimated market value of $35 Billion, a total customer base of 6.6 Million in 44 states and Washington, D.C. The customer base would be supplied over 35,671 megawatts.

August 12, 2015

Executive Chairman of RLJ Lodging Trust (NYSE:RLJ ) filed the following stock transactions with the SEC on August 10, 2015.

Robert Lewis Johnson disposed of RLJ Lodging Trust shares on August 7, 2015, Johnson's transaction was as follows,

August 11, 2015

A collaboration has formed in Montgomery County’s life sciences industry, Germantown-based Intrexon Corporation (NYSE: XON) and Rockville-based Synthetic Biologics Inc (NYSE: MKT) announced that the two companies will pursue an innovative biotherapeutics treatment for Phenylketonuria.

Phenylketonuria is a rare disease passed down genetically and happens at birth. Infants are born without the ability to properly break down an amino acid called phenylalanine. Symptoms include lighter skin and hair, seizures and abnormal motor and mental skills.

July 28, 2015

Adding to a growing list of Montgomery County IPOs in the past year, another energy company – a spin off of SunEdison – will go public this week.

TerraForm Global (NASDAQ: GLBL) with headquarters at 7550 Wisconsin Avenue will be next to it's sister yieldco TerraForma Power (NASDAQ: TERP).

July 27, 2015

Bethesda, Md.-based Eagle Bancorp, Inc. (NASDAQ:EGBN) has completed the sale of assets it acquired during its purchase of Virginia Heritage Bank late last year. The parent of Eagle Bank found the Indirect Consumer Loan portfolio of Virginia Heritage Bank to be non-strategic.

MainStreet Bank (OTCQB:MNSB) bought the Indirect Consumer Loan portfolio from Eagle Bank for $80 million on July 24, 2015. Eagle said it will channel those funds into its commercial loan division, improve its yield on earning assets and reduce operating expenses.

July 17, 2015

Two new retail tenants have signed onto the Riverdale Station Park development in the Town of Rivderdale Park. They follow the Whole Foods Market grocery store which was the first retail tenant and one of several soon-to-be anchors at the mixed use project. The Whole Foods Market will be the first in Prince George's County.

Bella Beach Spa will take space 3A-3 according to data from H&R Retail, the company is managing the retail leasing for the project.

July 15, 2015

The Chief Financial Officer of Hanover, Md-based Ciena Corporation (NYSE: CEIN) filed the following stock transaction dated July 15, 2015 with the SEC.

James E. Moylan Jr., Senior Vice President and Chief Financial Officer of Ciena Corporation disposed of 1,000 common stock shares at an average price of $24.57 on July 15, 2015. Moylan held 390,227 shares after the transaction.

The sold shares are valued at approximately $24,570. The transaction adheres to a trading plan dated 10/15/14 under Rule 10b5-1.

July 15, 2015

Bethesda-based DiamondRock Hospitality Co (NYSE: DRH) Chairman of the Board filed with the SEC stock transactions that occurred the same day.

On July 14, 2015, William W. McCarten acquired 54 common stock shares of DiamondRock Hospitality. The transaction is part of additional deferred stock units awarded in connection with the reinvestment of a dividend as required by the terms of the deferred stock units.

The amount of shares held McCarten after the reported transaction is now 357,424.

July 15, 2015

The Wal-Mart (NYSE: WMT) located at the Woodyard Crossing (formerly Clinton Plaza) Shopping Center in Clinton, Maryland, could see its expansion plans come to a halt if the Prince George's  planning department recommendation of disapproval are accepted by the planning board.

Wal-Mart wants to turn its existing 134,241 square-foot store into a 171,634 square-foot Wal-Mart Supercenter that would include a grocery section, general merchandise, and a garden center.

July 7, 2015

Former CEO and Chairman of Discovery Holdings and Director at Silver Spring-based Discovery Communications Inc. (NASDAQ:DISCA) has sold off a large portion of his stake in the company.

Dr. John C Malone has disposed of thousands of shares in the media giant over the past several months, the reduction in his in the company is most likely related to his succession plans and an employment agreement with CEO David Zaslav.

Malone disposed of 62,000 on July 1st - according to the latest SEC filing recorded yesterday afternoon.

July 7, 2015

The vice president of defense contractor, General Dynamics Corporation (NYSE:GD), made the following stock transactions on July 1st 2015, with SEC filing dated July 6th 2015.

Mark Lagrand Burns acquired 155 common stock shares on July 1st giving him a total of 17,629.05 shares after his transactions.

Burns also exercised a stock option derivative at an average price of $143.33. The total number of shares is 1,600 and the expiration is 06/03/2025. The total value of the transaction is $229,328.

June 30, 2015

Only a day after splitting from Gannett, newly formed Tegna Inc (NYSE: TGNA), is already making it's own investment in another business.

The McLean, Va-based company has taken a stake in the Video Call Center, LLC (VCC). The company with a facility in Palisades, NY has patented video technology that allows them to create original content from video callers using television workflow processes.

April 4, 2014

Two of AvalonBay Communities Inc (NYSE:AVB) Executive Vice Presidents made the following stock transactions filed on April 4, 2014.

March 26, 2014

Hanover, Maryland-based Ciena Corporation (NYSE:CIEN) president & CEO made the following stock transactions filed on March 25, 2014.

Gary B. Smith disposed of four sets of Common Stock shares at an average price of $24.19, on March 21, 2014, as listed below under transaction code S (Open market or private sale of non-derivative or derivative security),

March 20, 2014

Reston-based Comscore, Inc (NASDAQ:SCOR) President & CEO made the following stock transactions filed on March 19, 2014.

March 19, 2014

Gaithersburg, Maryland-based BroadSoft Inc (NASDAQ:BSFT) President & CEO made the following stock transaction filed on March 18, 2014.

March 11, 2014

Silver Spring, Maryland-based Discovery Communications (NASDAQ: DISCA) Founder and Executive Chairman made the following stock transactions filed on March 10, 201

January 31, 2014

Baltimore-based Under Armour, Inc (NYSE: UA) ended yesterday’s trading session in new territory. Before the previous day’s market open the company reported fourth quarter 2014 financial results that exceeded expectations from analysts.

For the first time in its history Under Armour crossed the $10 billion threshold in market capitalization and settled even higher at just over $11 billion at market close and $104.76 per share.