Two tech companies receive $350,000 in state investment

Maryland is investing a total of $350,000 into two Maryland technology companies, Gov. Martin O'Malley announced Monday. The state invested $200,000 in SocialToaster, a Baltimore company that has developed a social media marketing system, and $150,000 in ReelGenie, a Silver Spring firm that creates videos from users' photos and other digital media. (Balt. Sun)

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Sourcefire profit doubles in second quarter

Sourcefire Inc., set to be acquired by Cisco Systems Inc. for $2.7 billion, reported a nearly 100 percent increase in second-quarter earnings. The Columbia cyber security firm posted a profit of $2.2 million, or 7 cents per share, during the period. That was up from $1.1 million, or 4 cents per share, in the year-ago quarter. (Balt. Bus. Journal)

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Seawall plans redevelopment of three blocks of Remington Avenue

Seawall Development Corp., which is reinventing Remington with numerous projects, has unveiled detailed plans for its biggest one yet — the redevelopment of a three-block swath of Remington Avenue with retail, apartments, nonprofit offices and parking garages between 27th and 29th streets. (Balt. Sun)

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Great Seneca Science Corridor labs consider cyberinfrastructure

Research organizations in the Great Seneca Life Sciences Corridor are considering the creation of a common cyberinfrastructure that would facilitate sharing and spur innovative ideas. Anil Srivastava, president of Open Health Systems Laboratory on Johns Hopkins University’s Montgomery County campus, proposed the idea and held a meeting Monday with physicians, university faculty and representatives from Cisco Systems, Montgomery County government, the National Institute of Standards and Technology, MedImmune and other organizations. (Gazette)

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Sinclair could use Allbritton deal to launch more cable news stations

The Allbritton family’s 24-hour Washington, D.C., cable news channel is a big reason why Sinclair Broadcast Group is paying $985 million to buy eight TV stations from the family. Marci Ryvicker, an analyst at Wells Fargo, expects the Hunt Valley broadcaster to use Albritton’s NewsChannel 8 as the basis for a national news channel it would launch in markets across the country “infusing local news into a national news format,” Ryvicker said in a note to clients Monday. (Balt. Bus. Journal)

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Constellation nuclear plants to be discussed in public meeting

Regulators said Monday that they will hear about the performance of Constellation Energy Nuclear Group power plants next week — including Calvert Cliffs in Southern Maryland — in a public meeting in Baltimore. Officials from Exelon-owned Constellation are scheduled to talk to Nuclear Regulatory Commission staffers about activities and licensing actions regarding its nuclear plants. (Balt. Sun)

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Rockville offering tax breaks for ‘green’ building upgrades

Rockville is aiming to give companies looking to make earth-friendly improvements to their buildings a nudge in the right direction. The city is offering tax credits to offset some of the costs of renovating old commercial buildings to make them more energy efficient. (Gazette)

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First Potomac Realty selling Triangle Business Park in Baltimore

First Potomac Realty Trust is selling Triangle Business Center, a 74,000-square-foot office and flex property at 1500 Joh Ave. in Baltimore and Arbutus. The company reported the transaction in its second-quarter earnings statement, saying it had “entered into a contract to sell” the park on July 15. (Balt. Bus. Journal)

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