Amid a backlash against foreign investors, some executives are banned from leaving the country
The Camry, last overhauled for the 2011 model year, just got another face-lift
Laws require companies to pay state taxes on sheltered profits
Financial filings reveal the pay package Henrique de Castro received upon exit from the company.
Wal-Mart's new money transfers shows how the retailer can use its reach to push down costs
Skipping Rocks Lab develops a green alternative to all that plastic
Alessandro Borgognone wooed Japanese chef Daisuke Nakazawa to open the four-star New York eatery
Administrators quashed their food delivery service. Now they're focusing on other colleges
Prices are low, but there’s plenty of red tape
Rank: 17 (Previous Rank: 10)
Budget gap (as a % of the total budget): 8.80%
Total gap: $1.3 billion
Gap before budget was approved: $808 million
Additional midyear gap: $513 million
Maryland enacted a $1.35 billion tax increase in late 2007, which (along with $277 million in budget cuts passed by the General Assembly) is designed to help address the state's deficit. However, a continuing economic weakness has led to an additional $270 million gap, which is likely to be addressed by further spending cuts. The governor this week issued an executive order requiring 67,000 state employees to take up to five days of unpaid leave and said next year's projected budget gap could require additional layoffs, the Baltimore Sun reported on Dec. 17.