Money

Cecil Bancorp plans to recapitalize through bankruptcy sale

Cecil Bancorp has reached a deal with investors to recapitalize the long-troubled bank with $30 million and plans to use a bankruptcy auction to secure the cash, the bank announced. The investors have not been named, but Cecil President and CEO Terrie Spiro said the group includes investment funds...

  • 10 design features from Sagamore Pendry Baltimore

    10 design features from Sagamore Pendry Baltimore

    Sagamore Pendry Baltimore, the highly-anticipated Fells Point hotel set to open Tuesday, reads like a love letter to Baltimore and American history. Built on Recreation Pier, the 128-room boutique hotel is backed by the real estate companies owned by Under Armour CEO Kevin Plank and his brother,...

  • SIG in Pikesville among 24 firms to create Alera Group

    SIG in Pikesville among 24 firms to create Alera Group

    SIG, an employee benefits firm in Pikesville, is among 24 insurance firms joining under one name, Alera Group. Through the deal, SIG will maintain its local independence while gaining access to a national network of resources and expertise for clients, Founder and President Richard Silberstein...

  • Baltimore-area financial advisers react to Trump's hold on fiduciary rule

    Baltimore-area financial advisers react to Trump's hold on fiduciary rule

    Some Baltimore-area wealth managers welcomed President Donald J. Trump's decision to delay and review an Obama-era financial rule that would change how they provide advice about retirement investments, while others expressed disappointment. Trump issued an executive order late Friday to put a 90-day...

  • Legg Mason reports $51.4 million profit for third quarter of fiscal 2017

    Legg Mason reports $51.4 million profit for third quarter of fiscal 2017

    Legg Mason Inc. reported late Wednesday that it earned $51.4 million in its third fiscal quarter, up from a loss of $138.6 million in the same October-to-December period a year ago. The Baltimore-based money management firm reported earnings per share of 50 cents, compared to a loss of $1.31 per...

  • Under Armour shares plunge on sales and earnings miss

    Under Armour shares plunge on sales and earnings miss

    Under Armour's long streak of eye-popping gains in sales ended abruptly during the all-important holiday season, the company reported Tuesday, sending its stock down 26 percent. The Baltimore-based athletic apparel brand blamed a sluggish holiday season, a shifting retail landscape and merchandise...

How to buy investment property

There are a lot of pluses to owning rental real estate: diversifying from the usual investments of stocks and bonds; offering an alternative stream of income; and creating a potentially scalable business. But there are challenges, too — it requires capital, a time commitment and dealing with tenants....

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