| 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earnings Thursday and its first quarter in years with more money flowing into its mutual funds than being withdrawn.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...
| 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...
| Mar 5, 2013
| 1:36 PM
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.