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The Baltimore SunMarylanders received more than $1.3 billion in relief from the National Mortgage Settlement during a 12-month period, Attorney General Douglas F. Gansler announced Tuesday. That assistance went to nearly 17,000 mortgage borrowers between March 1, 2012...
About 900 McCormick & Co. investors packed into a Hunt Valley ballroom Wednesday to hear about the company's performance, applaud its stock price gains and see how it is marketing its spices, recipe mixes and other goods worldwide. But mostly, they...
Legg Mason Inc. might eliminate some of its less popular investment funds and some of its 32 offices as it continues to look at ways to operate more efficiently, the chief financial officer of the Baltimore-based money manager said Tuesday. CFO Pete...
The only residents of the Westport waterfront last week were a gaggle of geese that commandeered a large puddle amid the brush and broken asphalt. The only structure was a battered chain-link fence, capturing wind-blown litter along the perimeter. By now...
A businessman and competitive sailor, Frank Savage has benefited from following seas and been battered on rocky shoals. Born in North Carolina and raised by a single mother in segregated Washington, Savage rose to prominence in the world of...
The developers of the stalled Westport Waterfront filed a $225 million suit in bankruptcy court Wednesday alleging that out-of-state financiers posed as potential investors in the project and then conspired with others to upend development plans....
Tags: Patrick Turner, 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...
Harford County officials raised nearly $115 million through two bond sales Tuesday to finance new and existing capital projects and to refinance previous bond issues. Officials with the county's Department of the Treasury received eight bids from...
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...
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...
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...
TARP, the infamous Troubled Assets Relief Program that bailed out Wall Street in 2008, is finally over. The Treasury Department recently announced it will soon be completing the sale of the remaining shares it owns of the banks and of General Motors....
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