Under Armour Experiences Growth in 2010, Looks Forward to Prosperous 2011
Under Armour, the sportswear company whose global headquarters is based in Baltimore’s Tide Point complex, recently posted a fourth quarter profit that rose by nearly 51 percent, resulting in a revenue that passed $1 billion last year, a first in the company’s fifteen year history. Over the last quarter of 2010, sales rose to the […]
What the Verizon iPhone Means for Maryland Businesses
On January 11, 2011 the Verizon iPhone was announced. It was a move that speculators and bloggers in the wireless industry had been anticipating for some time, and diehard supporters of AT&T, to whom the iPhone had been exclusive since its debut in 2007, said would never happen. But happen it did. The move comes […]
DataPoint’s Baltimore Data Center Helps Local Businesses Thrive
Businesses in the Baltimore-DC metropolitan area just got a new ally in making the operation of their businesses run more smoothly. DataPoint Incorporated, a managed services provider who has been in business since 1996, operates a Baltimore Data Center in the city’s Tide Point complex, right around the corner from Under Armour headquarters. The facility […]
Baltimore Start Your Engines For Revenue
The city of Baltimore is about to receive a major swing of revenue from the upcoming Grand Prix event in 2011. Since Dec 9th the event tickets went on sale to the public with a short private pre-sale the week prior. Organizers of the event stated that over 20,000 tickets have been sold to fans […]
Benefits of Outsourced CFO Services
Every business needs financial consulting, but not every business can afford a full-time CFO. That is why, these days, many small and even some medium-sized businesses are turning to professional outsourced CFO services. The job of the outsourced CFO (also known as a virtual CFO) entails a range of business financial services, from auditing the […]
Legalizing Full Table Games in Maryland – Impact on Local Economy
Several Maryland Lawmakers are attempting to legalize full table games at Maryland slot machine parlors. There are two bills that would have to be passed in order for the legalization of table games. The first bill would lead to a 2012 vote on the issue. The second bill would decide the rules to which the […]
The FCC and Net Neutrality in Maryland
An ongoing battle involving the internet, the Federal Communications Commission and telecommunications companies took a turn this past week that will have an effect on net neutrality in Maryland and all over the country. Net neutrality is, in its simplest terms, a principal by which users are given the same amount of internet access regardless […]
Slots in Maryland and What They Mean for Horse Racing
The voters of Anne Arundel County have spoken. In the November 2nd elections, citizens of Anne Arundel County voted in favor of Question A. Question A was a referendum that would have made it possible for developers to build a slots emporium at Arundel Mills mall. Question A passed by a 12 percent margin, with […]
Cyber Online Sales Increase In 2010
Online Sales Help Small and Medium Sized Businesses Succeed One of the continuing trends this holiday season has been the increasing popularity of online retail. According to U.S. Census Bureau statistics; whereas in 1998 online sales (in millions of dollars) made up $4,988 of the total $2,587,105 (0.19%), by 2007, online sales were accounting for $126,697 […]
Bernanke Digs In To Defend US Stimulus Policy
Developments In The Conflict Over Currency Revaluation The latest in the growing international trade deficit conflict between the US and emerging markets could have a large impact on US exports, therefore all American businesses that produce goods could see overseas demand grow. This would also have particular effects on major US shipping hubs like the […]