Cyber startup RedOwl Analytics named most innovative company at major tech conference

Baltimore cyber security firm RedOwl Analytics Inc. took on peers from Silicon Valley, Israel and the East Coast — and won. Founded in 2011, RedOwl was named the most innovative company in the U.S. at the RSA Conference in San Francisco in February. Around 200,000 people attend the annual tech conference. The award gives the 23-person Federal Hill startup the recognition it needs to foster growth in the company, said Renny McPherson, co-founder and vice president for strategy and business development at RedOwl. (Balt. Bus. Journal)

Read Full Article

Here's how developer Pat Turner might be able to keep Westport

An Atlanta-based real estate investment firm is still holding out some hope that developer Patrick Turner could prevail in his  attempts to hold onto the 43-acre Westport Waterfront tract in South Baltimore he seems likely to lose in foreclosure. Stein Investment Group was identified in a Tuesday court hearing as a possible investor that could inject Turner’s Inner Harbor West LLC with the capital it needs to reorganize and repay at least a portion of the $30 million it owes to Citigroup Global Markets Realty Corp. (Balt. Bus. Journal)

Read Full Article

Pharmacists squeezed by changing generic drug market

When customers approach Avi Pelta’s pharmacy counter clutching prescriptions for generic drugs, the veteran Baltimore pharmacist can’t help but cringe. Due to recent massive spikes in the prices of many common generic drugs, Pelta and other pharmacists say they now frequently lose anywhere from $20 to $100 per prescription. For less common drugs, the losses can be even greater. Some generics are now significantly more expensive than when they first hit the market. (Daily Record)

Read Full Article

March 19 // Maryland health exchange approves extra expenses to keep some contractors on board

The Maryland Health Benefit Exchange will spend up to $850,000 to continue paying some contractors needed to fix the state’s troubled online insurance marketplace. The money will keep on the system’s project management office, a team of 16 contractors, through the end of June, when the state’s fiscal year ends. The exchange board voted on Tuesday to authorize the spending.  (Balt. Bus. Journal)

Read Full Article

GBC leaders speak out against 'ban the box' proposal to stop employers from asking about criminal records

Job applicants with a criminal record wouldn't have to disclose their past to a potential employer during the job application process under a proposal being considered by Baltimore's City Council. But the Greater Baltimore Committee fears the legislation adds another burden on city employers. The bill would forbid employers from doing a criminal background check on a job candidate until after a conditional employer offer is made. If companies don't abide by this, they would face criminal penalties. (Balt. Bus. Journal)

Read Full Article

Bankruptcy judge rules against developer Pat Turner's effort to keep Westport

A federal bankruptcy judge on Tuesday ruled against developer Patrick Turner in his last-ditch legal effort to hold onto the Westport Waterfront property in South Baltimore. The ruling appears to clear the way for Citigroup Global Markets Realty Corp. to auction the property Friday on the steps of the city courthouse. Attorneys for Citigroup told the court on Tuesday that they will not accept a deal from Turner’s Inner Harbor West LLC to purchase the note on the 43-acre parcel, signaling they are ready to proceed with Friday’s auction. (Balt. Bus. Journal)

Read Full Article

Softened wild-animal bills clear House, Senate

Representatives of the Catoctin Wildlife Preserve and Zoo and several similar establishments have successfully negotiated changes to a wild-animal bill that could have prevented some from replacing their bears and large cats. The House of Delegates and state Senate have both passed bills that initially raised concerns among zookeepers. However, with the amendments, lawmakers say they don’t think the proposal will force Catoctin Zoo near Thurmont to scale back its programs. (News-Post)

Read Full Article

Unemployment rate nearly 16 percent for people with disabilities

For the 5 percent of workers in Frederick County who have disabilities, getting the chance to prove themselves in the workplace can be difficult. The unemployment rate in Frederick County between 2010 and 2012 was higher for people with disabilities than those without, the census survey showed. Overall unemployment was about 6 percent, but the rate was nearly 16 percent for those with disabilities. (News-Post)

Read Full Article