Constellation gets new CEO as Exelon shakes up C-suite

Exelon Corp. made some dramatic changes to its leadership team on Tuesday, including a switch at the top of its Baltimore-based energy products and services company, Constellation. Constellation CEO Joseph Nigro stepped down from his role, effective Tuesday, to take the chief financial officer job at Exelon (NYSE: EXC). He succeeds Jonathan W. Thayer, who will become Exelon's senior executive vice president and chief transformation officer. (Balt. Bus. Journal)

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Sinclair Broadcast profit falls 25 percent in 1Q

Sinclair's profit in the first quarter fell 25 percent despite a revenue increase, mainly because of higher operating expenses. The Hunt Valley broadcaster reported earnings of $43.1 million, or 42 cents per share, compared to $57.2 million, or 61 cents per share, in the first quarter a year ago. The company also projected that it will close the acquisition of Tribune Media Co. in the late second quarter or early third quarter. (Balt. Bus. Journal)

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Holy hoagie! Sale of new Wawa on Joppa Road beats broker's record

A Philly-based convenience store known for hoagies, soft pretzels and coffee just fetched a record sales price in Towson. The new Wawa at 1300 E. Joppa Rd. changed hands late last month for $7.48 million. "It was the highest price point Wawa we've sold in the region," said Dean Zang, senior managing director for Marcus & Millichap, who has sold 25 Wawas out of his Washington, D.C., office. "It was a stellar real estate location." (Balt. Bus. Journal)

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Commercial real estate developers eye new opportunities in Frederick

As commercial real estate inventory in Frederick continues to fill up, local leaders and business professionals are pushing developers to create new and innovative projects that are tailor-made to fit the community’s changing needs. Hundreds of real estate professionals gathered on Tuesday at the Delaplaine Visual Arts Education Center to hear about the commercial development opportunities the city and the county have to offer. (News-Post)

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May 9 // Maryland chicken production topped $1 billion for the first time last year

Eastern Shore farms produced $1 billion worth of chicken in 2017, surpassing that milestone for the first time, an industry group said. Maryland poultry production grew 12 percent from 2016 to 2017, according to U.S. Department of Agriculture statistics. The growth in value came even as the amount of chicken produced on the Eastern Shore declined by about 10,000 pounds, to 1.84 million pounds. (Balt. Sun)

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Capital Bikeshare rolling into Prince George's County

Bikeshare rolls into Prince George’s County next week when five Capital Bikeshare stations open for business on May 18. The distinctive red bicycles will be available along a stretch of the Route 1 corridor from Mount Rainier to Riverdale Park and in the Largo area, in what is the latest expansion of the region’s bike-share network. The Prince George’s launching is smaller than anticipated, with a network of 49 bikes distributed among the five stations— three stations in and around Route 1 communities and two in Largo. County officials say they anticipate more stations will open in coming months. (Wash. Post)

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Protesters denounce reduction in pediatric services at Baltimore's MedStar Franklin Square hospital

About 75 people gathered at the entry of MedStar Franklin Square Medical Center Tuesday to protest the hospital’s decision to cut back pediatric services. They carried signs that said “Greed Kills Babies,” “Children’s Lives Matter” and “Children Over Profit” as they described the hospital’s decision as detrimental to the community. “They are making these decisions based on spreadsheets,” said Kyle Ham, who brings his 1-year-old daughter to the hospital for care. (Balt. Sun)

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Bel Air leaders reject expansion of town's food truck zone

The Bel Air town commissioners nixed on Monday a proposal to expand the areas within town limits where food trucks could park and serve customers following a request made by owners of Alecraft Brewery to allow the trucks on its property in the 300 block of South Main Street. While the amendment to Ordinance 786-18, the municipal code on itinerant dealers, peddlers and solicitors was rejected, commissioners said they still plan to look at ways to find more spaces where food trucks can operate and would like local business owners to work with those truck owners to reach an agreement. (Aegis)

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