Huawei business ban leaves rural wireless companies with few alternatives

The Trump administration added several dozen more Huawei affiliates to a trade blacklist Monday, but also extended a temporary reprieve that will allow some U.S. companies to continue doing business with the Chinese tech company for at least the next three months. Commerce Secretary Wilbur Ross said the agency was extending the reprieve to give rural U.S. telecommunications companies “more time to wean themselves off” telecom equipment from Huawei, a company the United States has deemed a possible risk to national security. (Wash. Post)

 

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Black Shriners Convention Meets In Baltimore This Week, Takes Time To Give Back

One of Baltimore’s biggest conventions of the summer is in town this week. Upwards of 5,000 Black Shriners are in the city, but they’re not just here to handle official business — they’re also taking time to give back to the community. Each year, they pick a different city to hold their convention and this year, it’s Baltimore, providing a boost to business and the community. (WJZ)

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Sinclair adds marketing exec as it preps to close deal for Fox regional sports networks

Sinclair Broadcast Group Inc. has brought on an executive with sports marketing experience as the company inches closer to completing its purchase of 21 Fox regional sports networks. Cathy Jamison joins the Hunt Valley-based broadcaster as vice president of sales marketing of its television group. In the role she will report to Chief Revenue Officer Rob Weisbord and be responsible for driving revenue growth from advertising on Sinclair's TV channels and digital brands. (Balt. Bus. Journal)

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Live Casino & Hotel earns 4-Diamond AAA rating

Live Casino & Hotel in Hanover, the flagship hotel of the Baltimore-based The Cordish Companies, earned a Four Diamond Rating from AAA, Cordish officials said Monday. The hotel becomes the only accommodation in Anne Arundel County and the BWI Airport District, in the heart of the Baltimore/Washington corridor, to receive this recognition. Nationwide, 6 percent of the 27,000 AAA inspected and approved hotels receive the Four Diamond status. (Daily Record)

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3 out of 4 economists predict a U.S. recession by 2021, survey finds

Most economists believe the United States will tip into recession by 2021, a new survey shows, despite White House insistence the economy is sound. Nearly 3 out of 4 economists surveyed by the National Association for Business Economics expect a recession by 2021, according to results released Monday. The outlook reflects growing skepticism among economists and investors that the U.S. economy will be able to withstand a protracted trade war with China without serious harm amid the weakening global outlook. (Wash. Post)

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Marriott was warned about misleading pricing in 2012. Millions of dollars later, a D.C. lawsuit seeks to force the hotel chain to stop.

For more than a decade, Marriott International has been misleading guests about hotel room prices and earning millions in profits as a result, according to a lawsuit filed Tuesday by D.C.’s attorney general. The complaint, filed in D.C. Superior Court by Attorney General Karl A. Racine, says Marriott used a “deceptive” and illegal trade practice called “drip pricing” to lure consumers. (Wash. Post)

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Capital One buys defense-industrial investment bank KippsDeSanto

McLean-based financial services company Capital One is acquiring KippsDeSanto, a Virginia-based investment bank focused on the defense and aerospace markets, the two companies announced Monday. The purchase price was not disclosed. KippsDeSanto, based in Tysons, will retain its name and operate as an independent subsidiary of Capital One. “This allows us to expand what we’re able to offer to our clients in aerospace and defense technology, and over time we will be looking to expand outside of those sectors into health care and other fields,” said Bob Kipps, managing partner at KippsDeSanto. (Wash. Post)

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Delaware businessman faces sentencing in $3.3M Ponzi scheme

A former Delaware real estate broker is facing sentencing after pleading guilty to running a Ponzi scheme. The public defender for 75-year-old Carl Chen is seeking a sentence of no more than 30 months at Monday’s hearing. Prosecutors say Chen should be imprisoned for 51 months. Chen pleaded guilty in March to wire fraud. Prosecutors say he ran a Ponzi scheme that defrauded investors of more than $3.3 million. (Daily Record)

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