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Legg Mason Inc. reported Friday a $453.9 million loss for the third quarter, following a previously announced $734 million writedown of certain assets. On a per-share basis, the Baltimore-based money manager lost $3.45. For the corresponding quarter a...
Usually by early December, investment professionals have mapped out their outlook for the next year. But such forecasting has been made difficult by the "fiscal cliff" — the confluence of spending cuts and higher taxes that kick in automatically...
Baltimore-based FTI Consulting Inc. said it increased profits by more than 50 percent last year, driven in part by strong growth in its business consulting divisions in Latin America and Asia. The company reported net income of $103.9 million last year,...
Apple today announced what many were expecting, given its huge war chest of around $100 billion in cash: future stock dividends and a stock repurchasing program. The company released the news in a conference call early Monday. It's amassed a huge pile of...
For most of the last century, the basic bargain at the heart of the American economy was that employers paid their workers enough to buy what American employers were selling. That basic bargain created a virtuous cycle of higher living standards, more...
As the Dow took another 400-point tumble Thursday, Baltimore money manager David Stepherson found himself talking one client out of selling everything. "I advised him that it would not be a good idea because our view of things is that this is going to be...
Los Angeles Times Staff WriterMary Bullard has a sort of love-hate relationship with Ross Dress for Less. She doesn't like the stores because they have narrow aisles, long lines and "way too much stuff." But all that isn't enough to keep her away: The Corona, Calif., resident...
Sun StaffGoogle Inc., the search engine giant whose first stock offering supposedly augurs a rebound for the technology economy and a rare opportunity for the small investor, may turn out to be neither. Some analysts fear that Google is taking too large a...
ReutersLONDON (Reuters) - World shares edged higher while major currencies and commodities stayed within recent ranges on Wednesday as investors nervously awaited a decision on the U.S. Federal Reserve's next move. The Fed's rate setters are expected to leave...
Reuters(Reuters) - Amgen Inc , the world's largest biotechnology company, has plenty of room to grow despite a 43 percent jump in its share price over the past year, thanks to cost cuts, newer drugs and hefty share buybacks, Barron's said. Share gains for the...
Firearm maker Smith & Wesson Holding Corp. said its fiscal fourth-quarter results may exceed Wall Street expectations as Americans continued to buy weapons amid a countrywide debate over gun control. Preliminary data for the three months ended April...
ST. LOUIS - On June 6 Monsanto Company announced that its Board of Directors has approved a new three-year share repurchase program and declared a quarterly dividend. Monsanto's board authorized a new share repurchase program, effective July 1, 2013,...
Feb 1, 2013 |Story| Baltimore Sun
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Jun 16, 2013 |Story| Reuters
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Jun 14, 2013 |Story| Los Angeles Times
Jun 14, 2013 |Story| Aberdeen News
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