| Jul 25, 2013
| 3:00 PM
Legg Mason Inc. reported better-than-expected earnings Thursday and its first quarter in years with more money flowing into its mutual funds than being withdrawn.
The Baltimore-based money manager posted a $47.8 million profit in the quarter April...
| Jul 23, 2013
| 3:32 PM
Legg Mason Inc. announced the appointment of Dennis M. Kass, an independent director and former CEO, as its new chairman during the annual shareholders meeting Tuesday.
Kass, 62, joined the board of the Baltimore-based money manager in April and replaces...
| Jul 19, 2013
| 6:29 PM
Baltimore officials say Detroit's bankruptcy filing this week is a cautionary tale for the city that underscores the need to fix a $750 million structural deficit before the situation here grows similarly dire.
"It is on my mind every day," Mayor...
| Jul 17, 2013
| 7:33 PM
Critics of city subsidies for the $1 billion Harbor Point project clashed Wednesday with supporters of the waterfront development that the mayor has called a "once-in-a-generation opportunity."
About 100 demonstrators, some wearing baseball-style "Tax...
| Jun 26, 2013
| 5:44 PM
The city-owned Hilton Baltimore lost nearly $11.2 million in 2012 — a slight improvement from a year earlier, according to an audit to be presented to the city's Board of Estimates next week.
Because of mounting losses, the city was forced to...
| Jun 26, 2013
| 6:38 PM
The $1 billion Harbor Point development would reap a profit of $124 million for its investors without government financing to pay for its infrastructure, according to recently released city documents.
That may seem like a huge payoff, but it's not...
| Feb 5, 2013
| 12:40 PM
The Justice Department is accusing Standard & Poor's of defrauding investors with optimistic ratings of mortgage-backed securities and derivatives prior to the financial crisis. While investors are entitled to answers about those conflicts, compensation...
| Jan 8, 2013
| 11:46 AM
Periodically, one comes across a jaw-dropping example of lawsuit abuse. The Good Samaritan gets sued for preventing a suicide, the robber takes the store clerk to court for fighting back, the B-list starlet sues because nobody watched her sex tape...
| Jan 13, 2013
| 9:29 PM
When Bank of America credit officer Dan Petrik and his team sat down in early 2007 to analyze Sam Zell's plan to take control of Tribune Co., their numbers showed that the complex deal failed to meet five of the bank's 10 lending guidelines.
| Jan 16, 2013
| 11:51 AM
Gov. Martin O'Malley unveiled Wednesday a budget that is "on the verge" of closing a budget gap that once stood at $2 billion.
The governor emphasized the more than 40,000 jobs he expected his $37 billion operating and $3.7 billion capital budget to...
| Dec 28, 2012
| 7:53 PM
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...
| Jun 17, 2013
| 2:29 PM
Credit rating house Standard & Poor has assigned Anne Arundel County's bonds a AAA rating and upgraded its assessment of the county's fiscal outlook from "negative" to "stable," officials announced Monday.
Moody's, another credit rating house, gave...