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Turner's Westport company files for bankruptcy
The company affiliated with developer Patrick Turner that was planning to redevelop the waterfront of the Westport neighborhood in southwest Baltimore has filed for bankruptcy. Inner Harbor West LLC, the subject of a Chapter 7 involuntary bankruptcy...
Tags: Financially Distressed Companies, Bankruptcy, Judges, Inner Harbor, Patrick Turner
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Exec accused of slapping toddler on flight loses job
The Atlanta Journal-ConstitutionA company president accused of slapping a crying child on a Delta Air Lines flight to Atlanta has been let go, a spokesman for his parent company confirmed to The Associated Press Sunday. Joe Rickey Hundley, president of Unitech Composites and Structures...Tags: The Atlanta Journal-Constitution, Delta Air Lines, FBI, Racism, Corporate Officers
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Legg Mason's new CEO draws lessons from hockey
Raymond "Chip" Mason first met Joseph A. Sullivan over dinner at a Chicago restaurant, where the founder of Legg Mason Inc. interviewed the young bond trading manager for a job with the Baltimore company. A lot of the conversation, Mason recalled, was...
Tags: Finance, Federal Reserve, Roman Catholicism, Corporate Officers, Management Change
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Sullivan named Legg Mason CEO and president
Legg Mason Inc. chose an insider as its new CEO, quelling speculation that the Baltimore-based money manager might be headed for a breakup that could have been bad news for the city. After a worldwide search for a new leader, Legg announced Wednesday...
Tags: Morningstar Incorporated, Financial Markets, Bonds, Real Estate Buyers, Finance
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Obama's State of the Union address as prepared for delivery [Text]
Mr. Speaker, Mr. Vice President, Members of Congress, fellow citizens: Fifty-one years ago, John F. Kennedy declared to this Chamber that “the Constitution makes us not rivals for power but partners for progress…It is my task,” he...
Tags: Graduation, Consumers, Migration, Corporate Officers, Taxation
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Report: Legg Mason to announce new CEO this week
The Wall Street Journal reported Monday that Legg Mason Inc. is expected to announce its new CEO as early as Wednesday and also will likely name a new independent board member. The Baltimore-based money manager has been without a permanent leader...
Tags: Newspaper and Magazine, Legg Mason, Inc., The Wall Street Journal, Corporate Officers
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Baltimore man pleads guilty to mail fraud in financial scheme
A Baltimore man claiming to be a financial adviser who could produce high returns without high risk pleaded guilty Friday to mail fraud in connection with a scheme that bilked $890,000 from clients, according to federal and state prosecutors. Casey...
Tags: Financially Distressed Companies, Bankruptcy, Finance, Douglas F. Gansler, Justice System
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Industry experts suggest what Legg Mason's new CEO must do
After more than four months without a permanent leader, Legg Mason Inc.'s search for a new CEO might finally be near the end. It probably can't come soon enough for employees and investors who have lived through months of uncertainty. "The longer it...
Tags: Finance, College Park (Prince George's, Maryland), T. Rowe Price, Corporate Officers, Bill Miller
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McCormick shares fall as earnings forecast disappoints
Spicemaker McCormick & Co.'s stock price swooned by more than $4 a share Thursday after the company's earnings forecast for the year fell short of what Wall Street analysts anticipated. The Sparks-based company said Thursday that earnings per share in...
Tags: Hurricane Sandy (2012), Earnings Forecasts, Earnings, Prices, Stock Market
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The story behind Tribune's broken deal
At the end of 2007, real estate tycoon Sam Zell took control of Tribune Co. in a deal that promised to re-energize the media conglomerate. But the company, which owns The Baltimore Sun, struggled under the huge debt burden the deal created, and less...
Tags: Financially Distressed Companies, Bankruptcy, Finance, Tribune Company, Chicago Tribune
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Part four: Bankruptcy Inc.
Somewhere in the third year of Tribune Co.'s marathon Chapter 11 proceeding, U.S. Bankruptcy Judge Kevin Carey looked out at a Delaware courtroom packed with high-priced attorneys and conceded the case had broken down into what he called a...
Tags: Financially Distressed Companies, Angelo, Gordon & Co., Bonds, Kenneth Liang, Banking
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Md. employers add 22,000 jobs in 2012
Maryland gained about 22,000 jobs in 2012, the smallest annual increase since the recession, underscoring the challenges facing the state in a year dominated by the federal budget and the collapse of a major employer. U.S. Department of Labor estimates...
Tags: Financially Distressed Companies, Bankruptcy, Finance, Labor Legislation, Science
Feb 20, 2013
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Jan 24, 2013
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Jan 18, 2013
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