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City to lose federal housing workers

Nearly three dozen workers at the U.S. Department of Housing and Urban Development office in...

Budget cuts slow federal hiring in Md.

Hiring for federal jobs in Maryland has fallen 30 percent since 2008, and for the first time in...

Charges weighed in diver deaths at APG

Two senior enlisted leaders with an elite Navy dive unit could face charges of involuntary...

Five Md. air traffic towers will remain open

Five air traffic control towers in Maryland that are part of 149 "low activity" towers nationwide...

MORE HEADLINES

Legg Mason board meets to discuss CEO

Legg Mason's board of directors is expected to meet Tuesday to discuss — and possibly decide — who will be its next CEO,...

Tax tips just in time for the launch of filing season

Tax season officially kicks off Wednesday, later than usual because lawmakers only this month passed legislation to address expired tax...

Legg Mason seeks to sublease space at Harbor East headquarters

Legg Mason Inc. is looking to sublease 78,000 square feet on three floors at its headquarters in Harbor East.

Baltimore gets a B+ for transparency

When it comes to disclosing to residents how their city’s money is spent, Baltimore rates a grade of B+, one of the highest grades...

Legg Mason Inc. to take $734 million charge

Legg Mason Inc. will take a $734 million impairment charge largely related to a drop in value of certain fund contracts, the Baltimore-based...

Legg Mason Capital Management to merge into sister subsidiary

Legg Mason Inc. plans to lay off an undisclosed number of employees as it folds its once high-profile Legg Mason Capital Management unit...

T. Rowe Price, Legg Mason get approval to launch active ETFs

Baltimore-based money managers T. Rowe Price and Legg Mason Inc. may offer actively managed exchange-traded funds after receiving a thumbs...

Baltimore's R2integrated receives investment from Dallas private equity company

Dallas-based Orix Private Equity announced Wednesday it has invested an undisclosed amount in Baltimore-based R2integrated, which the...

Ten Maryland banks remain in TARP, while Treasury winds down program

Delmar Bancorp has no regrets about taking a $9 million investment from the federal Troubled Asset Relief Program, even though some banks...

CFPB coming to Baltimore to talk mortgage policy

The Consumer Financial Protection Bureau will hold a hearing in Baltimore on Thursday, Jan. 10, to talk about mortgage policy. This will...

BUSINESS MARKETS NEWS

Dollar, German bond yields ease before Bernanke

LONDON (Reuters) - The dollar and benchmark German debt yields eased on Wednesday as expectations...

Russian banker has his eye on Europe

MOSCOW (Reuters) - Igor Kim snapped cast-off assets from foreign banks pulling out of Russia and now...

Factbox: Foreign banks in Russia

(Reuters) - Foreign banks that once treated Russia as an undiscovered country where easy money could...

Insight: No more easy pickings in Russia's banking market

MOSCOW (Reuters) - Foreign banks that once treated Russia as virgin land where easy money could be...

Merck signs $5 billion share buyback agreement with Goldman Sachs

(Reuters) - Merck & Co Inc said it has entered into a $5 billion share repurchase agreement with...

Prosecutors consider using racketeering law against SAC: source

NEW YORK (Reuters) - Prosecutors are considering charging Steven A. Cohen's SAC Capital Advisors...

Sony shares hit two-year high on report of spin-off proposal

TOKYO (Reuters) - Shares of Sony Corp rose 6.3 percent to 2,300 yen, a two-year high, on...

Scandal or not, one SAC investor can't get enough of Steve Cohen

BOSTON/NEW YORK (Reuters) - As federal prosecutors circle Steven A. Cohen's $15 billion hedge fund...

Dimon clings to JPMorgan chairman title, after fight

TAMPA, Florida (Reuters) - Jamie Dimon, chairman and chief executive of JPMorgan Chase & Co took...

Sprint raises Clearwire offer, not enough for some

(Reuters) - Sprint Nextel Corp raised its buyout offer for wireless service provider Clearwire Corp...

Is Sony un-Japanese enough to entertain change?

TOKYO (Reuters) - Few foreign activist investors have made much headway in forcing change in Japan,...

Dow, S&P end at records on Fed officials' reassurance

NEW YORK (Reuters) - Stocks rose on Tuesday, with the Dow and the S&P 500 closing at new all-time...

U.S. court studies wiretaps in ex-Goldman director's insider case

NEW YORK (Reuters) - Lawyers for former Goldman Sachs Group Inc board member Rajat Gupta sought...

SAC's Martoma says U.S. impedes defense in fraud case

(Reuters) - Former SAC Capital Advisors portfolio manager Mathew Martoma said the government is...

JPMorgan's Dimon to remain chairman after vote: reports

TAMPA, Florida (Reuters) - JPMorgan Chase & Co's Jamie Dimon appears headed for a victory in a...