| 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earnings Thursday and its first quarter in years with more money flowing into its mutual funds than being withdrawn.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...
| Aug 7, 2013
| 8:47 AM
Legg Mason Inc. announced Wednesday it would be shutting down its London-based emerging markets boutique and returning money to investors.
Esemplia Emerging Markets manages $500 million in assets, not large enough to keep operating, Legg said. The firm,...
| Nov 13, 2012
| 2:49 PM
Not even being arrested on federal fraud charges and placed under strict house arrest could keep Amiee Arora from cooking up new schemes.
The Washington man pleaded guilty Tuesday to a pair of plots — including one that netted him and a partner...
| Jun 29, 2013
| 1:20 PM
The Legg Mason Capital Management Value Trust fund is doing something not seen in years: It's beating the stock market.
Under new manager Sam Peters, the fund is up 27.8 percent in the past 12 months, compared with 20.6 percent for the S&P 500 index....
| Oct 2, 2012
| 1:15 PM
On Tuesday, five of the nation’s largest mortgage servicers became obligated to follow 304 “servicing standards” laid out in a national mortgage settlement earlier this year.
The settlement stemmed from allegations that the servicers...
| Jun 18, 2013
| 3:00 AM
In principle, the National Security Agency's vast data collection operation is troubling, but in the age of Google and Facebook, it feels like having just one more Big Brother in a growing family of Big Brothers.
In response to the revelation that the...
| Jun 5, 2013
| 10:33 AM
Checks totaling more than $15 million will be sent beginning next week to more than 10,000 Maryland mortgage borrowers, Attorney General Douglas F. Gansler announced Wednesday.
The checks, roughly $1,480 each, will be sent between June 10 and June 17 to...
| Oct 8, 2012
| 3:00 AM
Corporate-sponsored groups have launched a campaign of litigation in the lower federal courts challenging the legality of the second major piece of President Barack Obama's legislative program, one that received a lot of attention in last week's first...
| May 22, 2013
| 7:18 AM
Marylanders 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...
| Feb 1, 2013
| 3:54 PM
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...
| Mar 2, 2013
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.
| Mar 3, 2013
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...