The president of the University of Maryland said the school accepts "legal and moral responsibility" for the heatstroke-related death of 19-year-old Jordan McNair last spring and has formally apologized to his family. In addition, the school has ordered an independent commission to review allegations of bullying and humiliation by coaching staff that came to light in an ESPN article. One coach has already parted ways with the university, Athletic Director Damon Evans revealed. Head coach DJ Durkin remains on administrative leave.
Developer The Meridian Group has announced a list of new restaurants that will join its massive The Boro development in Tysons Corner when it opens next year.
The Kiddie Tax prevents parents from shifting securities to their kids, but some income-shifting strategies are still available and can save a lot over the course of years. Two wealth advisers explain.