Direct Energy to lay off 108 Maryland employees

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Direct Energy, a Houston-based natural gas and electricity retailer, will lay off 108 of its employees in Columbia, according to a notice it provided to the state on Tuesday.

The layoffs come as the company “is changing its business model to move away from being a residential solar installer,”…

fromhttp://www.baltimoresun.com/business/bs-bz-direct-energy-layoffs-20170725-story.html

Anthem House holds grand opening

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Anthem House, the 292-unit luxury apartment building in Locust Point, will hold its grand opening Tuesday.

Tenants began moving into the $100 million project by the Bozzuto Group, Scott Plank’s War Horse Cities and Solstice Partners in June.

Located at 900 E. Fort Ave., Anthem House boasts a 360-degree…

fromhttp://www.baltimoresun.com/business/bs-bz-anthem-house-20170725-story.html

Fair Hill recommended to host large international equestrian event

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The U.S. Equestrian Federation’s board of directors chose Maryland’s Fair Hill over a competing site in Virginia to permanently host an annual international event of jumping, cross country and dressage.

The board made the decision Monday night to recommend Fair Hill over the other finalist, Great…

fromhttp://www.baltimoresun.com/business/bs-bz-fair-hill-international-event-20170725-story.html

ELTA North America opens Cyber Innovation Center

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ELTA North America, an Israeli-owned defense manufacturer, is opening a Cyber Innovation Center at its Annapolis Junction headquarters.

Modeled after innovation centers at ELTA’s facilities in Israel and other countries, the innovation center will focus on adapting technology and international…

fromhttp://www.baltimoresun.com/business/bs-bz-elta-cyber-center-20170725-story.html

Main Street businesses rise from the rubble one year after devastating Ellicott City flood

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On July 30, 2016, disastrous flood waters ripped through about 50 Main Street businesses and killed two people in Ellicott City. As the water curved down Main Street in the historic shopping district, Sweet Elizabeth Jane clothing boutique was at the bend inside Caplan’s department store. Everything…

fromhttp://www.baltimoresun.com/business/ph-ho-cf-flood-business-0727-20170725-story.html

Columbia cybersecurity firm receives $8 million in venture capital

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Bricata Inc., a Columbia-based cybersecurity firm, has received $8 million in venture capital funding from Edison Partners, the firm announced Tuesday.

Bricata, which develops software designed to hunt for network intrusions, says it grew revenue by 156 percent year over year in 2016 and will use…

fromhttp://www.baltimoresun.com/business/bs-bz-bricata-funding-20170725-story.html

T. Rowe Price Group reports second quarter profit

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T. Rowe Price Group Inc. reported a profit of $373.9 million in its second fiscal quarter, up 84 percent from the April-to-June period last year.

Earnings at the Baltimore-based investment management company rose to $1.50 per share, up 71 cents compared to the same quarter of 2016. Adjusted for…

fromhttp://www.baltimoresun.com/business/bs-bz-t-rowe-second-quarter-20170725-story.html