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The thousands of people who showed up for the Towson-area's annual Fourth of July fireworks this year didn't realize they might have been witnessing the end of a 40-year tradition. A January deadline is looming to determine if the fireworks will...
Baltimore money manager Legg Mason Inc. said Thursday that profits in the three months ending in June rose 25 percent compared with a year earlier, to $60 million. That 40-cent profit per share beat Wall Street analysts' expectations by two cents a...
Treasury Secretary Timothy F. Geithner has signaled to White House officials that he's considering leaving the administration after President Barack Obama reaches an agreement with Congress to raise the federal debt limit, according to three people...
California and New York, two big holdout states in a $25 billion mortgage settlement, are expected to join the deal, smoothing the way for an announcement on Thursday, according to a person familiar with the matter. Florida, with its large distressed...
Maryland Attorney General Douglas F. Gansler has agreed to join other states in a $25 billion settlement with the nation's five largest mortgage servicers — a landmark agreement that would provide nearly $1 billion in aid to Maryland homeowners...
Sun StaffAvi Rubin is known for annoying large companies and important people. Two years ago, the Johns Hopkins University professor first alerted the country to troubling vulnerabilities in electronic voting, much to the consternation of election officials and...
Sun StaffAt least part of Legg Mason Inc.'s deal with Citigroup Inc. to swap parts of their businesses, which both firms hope to seal by the end of the year, could be held up by a regulatory ruling and a few unhappy mutual fund shareholders. New York-based...
Bloomberg NewsNEW YORK - Morgan Stanley Chief Executive Officer John J. Mack may consider selling the company's asset-management business as he takes over the world's largest securities firm that he helped create eight years ago. Mack told analysts during a conference...
Sun reporterThe target date for Legg Mason Inc. and Citigroup Inc. to close their $3.7 billion business swap has slipped to December as the companies grapple with one of their biggest hurdles - persuading mutual fund shareholders to approve the idea. Officials...
sun reporterThe chairman and chief executive officer of Legg Mason Inc. told investors and analysts yesterday that the Baltimore firm is making "dramatic progress" toward completing its deal with Citigroup Inc. that would double the assets it manages for clients....
Sun StaffStifel Financial Corp. has agreed to buy Legg Mason's investment banking, research and trading operations, which Citigroup Inc. had inherited as part of a separate deal. Nearly 500 Legg Mason Inc. employees will join Stifel, which has its headquarters in...
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