New Page Emerges From Bankruptcy
A financial restructuring agreement, including a $500 million term loan from Goldman-Sachs Lending Partners, has been completed by the NewPage Corporation. This means the company can move on with business. Company officials have always maintained a commitment to the Luke plant, which employs about 870 people. In fact, the company has plans to add nearly $16 million in capital improvements to the local facility.
Oldtown Fire Ruled Accidental
A weekend fire, on Lower Town Creek Road in Oldtown, has been determined to be accidental in nature. No injuries were reported; the home, owned by Shannon Robison, incurred about $175,000 in damage to the structure and its contents. Fire broke out in the chimney, extending into two walls. The Maryland State Fire Marshal's office responded to investigate the blaze.
Christmas Assault Results in Arrest
A Cumberland man was released on his own recognizance, following a Christmas morning assault in the 1600 block of Frederick Street. A female victim had told police her husband assaulted her during an argument, where she had been pushed to the ground. Twenty-year old Matthew Stephen Tomczewski was taken into custody a short time later and processed. He received an initial appearance before a District Court Commissioner, before being released.
Two Charged with Domestic Assault
Two brothers, who had been fighting over a video game system, were arrested and later released on their own recognizance over the weekend. Thirty-six year old Carl Bohrer was accused by his 40-year old brother Melvin, of stealing a video game system from their Weber Street home. They fought, and both sustained injuries, but did not require medical treatment. They were released following their arrest, and a hearing before a District Court Commissioner.
Teen Faces Charges in Frederick Shooting
A 17-year old Frederick boy is facing numerous charges, after shooting another teen in the chest. Dylan Grey faces at least four charges in connection with the incident. Police say Grey had an argument with a 16-year old boy. He showed the victim a handgun, threatened him, and shot him once in the chest. The boy was taken to the Baltimore Shock Trauma Center, where he had been listed in serious, but stable, condition.
Maryland Loses 3100 jobs in November
Maryland’s preliminary unemployment rate dropped slightly last month, down one-tenth of a percentage point, as compared to October. The state’s November data, however, shows a loss of 3100 jobs. Maryland’s 6.7 per cent unemployment rate is a full percentage point below the national average and two-tenths of a percentage point from October’s rate of 7.9 per cent. The U.S. Bureau of Labor Statistics shows the state has made “tremendous progress” this year, despite a disappointing November.
NAR Says Home Sales on the Rise
The National Association of Realtors says that, nationwide, sales of previously occupied homes jumped to the highest level in three years last month, bolstered by steady job gains and record-low mortgage rates. November sales rose to nearly 6 per cent to a seasonally-adjusted rate of 5.04 million. That is up from 4.76 million in October. Sales of previously occupied homes are on track for their best year in five years.
Nielsen Buys Columbia-Based Arbitron
Nielsen Holdings is buying Arbitron, Incorporated for about $1.26 billion. Nielsen is the company that tracks television viewing habits, and if the sale is approved, the deal will extend Nielsen’s dominance in television to radio. The company wants to offers its advertisers a unified system that measures audiences across multiple forms of media, making it easier to make ad-buying decisions, whether on TV, radio or the web.
Delegate Charged with “Boating While Intoxicated”
Anne Arundel County Delegate Don Dwyer has been charged in connection with a boating mishap on the Magothy River last August. Dwyer is accused of operating a power boat while drunk. Seven people were injured in the crash, as his boat collided with another vessel. Dwyer spend the night of August 22nd in Shock Trauma, and later told reporters his blood-alcohol level was 0.2; the legal limit in the state is .08.
Census Says People are Leaving “Charm City”
The U.S. Bureau of the Census says there are now more residents in Washington, D.C., than in Baltimore. Washington has gained more than 30,000 residents in the 27 months since the 2010 Census was conducted; the population has grown by more than 110,000 people since 1999. In comparison, Baltimore’s population is estimated to be 619,493, a decrease from a year ago.