Business & Economy

Christopher Connelly / WYPR

Today the federal government announced March jobs numbers for states and localities. The Bureau of Labor Statistics said that Maryland added 2,3oo jobs in March, and that February’s reported loss of 600 jobs was revised to a 1,000 job gain. Both months helped to make up for the 6,100 jobs lost in January.

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LINDA WERTHEIMER, HOST:

NPR's business news starts with a $9 billion grocery sale.

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WERTHEIMER: The no. 2 grocery chain in the U.S., Safeway, is being acquired by the owner of Albertson's, the fifth largest grocer. Cerberus Capital Management is paying just over $40 a share for Safeway, the company said last night. The multi-billion-dollar deal creates a food retailer with more than 2,400 stores and more than 250,000 employees. Transcript provided by NPR, Copyright NPR.

WYPR's Fraser Smith and Jenna Johnson of the Washington Post talk about letters sent to Governor O'Malley and House Speaker Mike Busch from the production company that makes the Netflix drama "House of Cards."

Jos. A. Bank To Buy Eddie Bauer

Feb 14, 2014

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STEVE INSKEEP, HOST:

NPR's business news starts with a big clothing purchase.

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INSKEEP: Big purchase this morning. The giant clothing chain store Joseph A. Bank announced it has agreed to buy casual sportswear maker Eddie Bauer for $825 million in cash and stock. That's a lot of short sleeve shirts. This acquisition comes in the midst of ongoing hostile efforts by Joseph A. Bank and its main competitor Men's Warehouse to buy each other. Transcript provided by NPR, Copyright NPR.

Christopher Connelly / WYPR

Lawmakers in Annapolis wrapped up the first month of the 2014 General Assembly today. WYPR's Joel McCord and Christopher Connelly talk about what happened this week.

Christopher Connelly / WYPR

Carnival Cruise Lines announced today that it is reversing its decision to leave the Port of Baltimore. Instead, Carnival’s Baltimore-based cruise liner will take a short hiatus to be upgraded.

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STEVE INSKEEP, HOST:

Delaware's gambling industry is struggling. Revenues at the state's three casinos have steadily declined in recent years, as competition from neighboring states grows. A state task force is set to make recommendations to lawmakers this week to save the troubled casino industry from layoffs - or worse. NPR's Allison Keyes reports.

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Christopher Connelly / WYPR

Standing with workers at the Domino Sugar refinery in Baltimore, Governor Martin O’Malley announced Tuesday that Maryland added 7,300 new jobs last month.

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RENEE MONTAGNE, HOST:

And even as things are looking up for the auto industry, many Americans still feel the sting of the 2008 recession. In the years since, many banks have been hit with large fines, but no major Wall Street executive has been convicted of criminal charges for their role in the financial crisis. That's not always how it went. A few years ago, a series of corporate scandals generated outrage and some stiff prison sentences.

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