Business news

The Baltimore County liquor board has dismissed a challenge to the renewal of The Recher Theatre’s liquor license by a group led by Towson attorney Charles Brooks. The board cited a rule that requires “all protestants” to appear “in person at the hearing.”  Only nine of the 10 who signed a protest petition appeared at Monday’s hearing. The 10th sent a letter that was read aloud during the hearing.  Brooks said that person is disabled and was not able to appear.  He said he’ll appeal the ruling to the county Circuit Court.

Bret Jaspers / WYPR

Young companies are often flush with big ideas and passion, but capital can be hard to come by. Maryland is trying to boost the local venture capital market with a big investment of its own.  

Bret Jaspers / WYPR

Last night, three young companies won one hundred thousand dollars each from the Invest Maryland Challenge, a new state competition for start-ups. The awards were presented at the Brown Center at the Maryland Institute College of Art. To enter, companies had to have fewer than 25 employees and less than 1 million dollars in annual revenues. The winners must spend at least 51% of the prize money in Maryland.

The Baltimore ophthalmology company GrayBug was the Life Sciences winner. Graybug’s technology delivers drugs to the eye. Christy Wyskiel is COO.

The news of Yahoo's purchase of Summly, the news-summarizing app created by 17-year-old British wunderkind Nick D'Aloisio, rippled through the news world on Tuesday.



A British teenager has sold his mobile application to Yahoo for a reported $30 million. Seventeen-year-old Nick D'Aloisio created his app called Summly when he was only 15. As NPR's Jeff Brady reports, the teen will now go to work for Yahoo.



From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.

Federal regulators are taking aim at a practice they say is forcing millions of struggling homeowners to pay higher insurance premiums. The Federal Housing Finance Agency issued an order today. It bars banks from charging lucrative fees and commissions on so-called lender-placed insurance policies. NPR's Jim Zarroli explains.

On Wednesday, the U.S. Supreme Court will hear a challenge to the Defense of Marriage Act — the federal law that defines marriage as between a man and a woman. And among those asking the justices to strike it down is a broad cross section of corporate America.

Nearly 300 companies have filed a brief arguing that the law — called DOMA for short — hits them where it counts: their bottom lines.



I'm Michel Martin, and this is TELL ME MORE from NPR News. Coming up, the day when white people no longer make up the majority of the American population is coming, and coming a lot faster than initially predicted. Today, we are going to look at how the browning of the nation could lead to a real divide between the older, white minority and a younger, growing, brown majority. We'll start the conversation about what that might mean for the country's future. That's ahead this hour.

The housing recovery continues:



And out next business story fits in the category of what were they thinking? Ford Motor Company is apologizing for ads sketched up by an agency in India - ads that have been decried as demeaning to women. They are cartoon drawings showing off how spacious a Ford trunk can be. One spoofs Italy's former prime minister, Silvio Berlusconi. He's at the wheel, and in the trunk, three women, tied up.

NPR's Sonari Glinton reports.