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Arthur Machen Jr., Venable law partner
Arthur W. Machen Jr., a retired attorney who was also the chancellor of the Episcopal Diocese of Maryland and a legal advocate for the poor, died of congestive heart failure Wednesday at Gilchrist Hospice Care. The former Ruxton resident was 92. A well-...
Tags: Justice System, Anglicanism, Christianity, Government, Carrollton
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Sullivan named Legg Mason CEO and president
Legg Mason Inc. chose an insider as its new CEO, quelling speculation that the Baltimore-based money manager might be headed for a breakup that could have been bad news for the city. After a worldwide search for a new leader, Legg announced Wednesday...
Tags: Elections, Harbor East, Companies and Corporations, Prices, Shareholders
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U.S. suit against S&P: Bad for business, bad for democracy
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...
Tags: Financial and Business Services, Credit Ratings, Eric Holder, Justice System, Moody's Corporation
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New CEO named for Adams Express and Petroleum & Resources funds
Mark E. Stoeckle has been named CEO of Baltimore-based Adams Express Co. and Petroleum & Resources Corp., replacing Douglas G. Ober, who last year announced his intention to retire. Stoeckle, 56, has been the chief investment officer of the U.S. Equities...Tags: Conservation, Credit Ratings, BNP Paribas, Companies and Corporations, Parties and Movements
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T. Rowe Price, Legg Mason get approval to launch active ETFs
Baltimore-based money managers T. Rowe Price and Legg Mason Inc. may offer actively managed exchange-traded funds after receiving a thumbs up from regulators. The Securities and Exchange Commission approved Price's application earlier this month to be...
Tags: Conservation, New Products, Research, Morningstar Incorporated, Legg Mason, Inc.
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Former Oriole Doug DeCinces indicted on insider trading charges
Former Orioles third baseman Doug DeCinces was indicted Wednesday, along with three friends, by a federal grand jury in California on securities fraud charges, for allegedly cashing in on inside information about the acquisition of an Orange County...
Tags: Punishment, Justice System, College Sports, Companies and Corporations, Insider Trading
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Fed's easy money will eventually trigger inflation
Bar the door, Nelly — the Fed has abandoned all restraint and will now print money to finance the federal deficit. To support the weak recovery, the Federal Reserve continues to keep short-term interest rates near zero, purchase mortgage-backed...
Tags: National Government, Central Bank, Derivative Securities, Federal Reserve, Inflation and Deflation
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Will Wall Street prevail?
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...
Tags: U.S. House of Representatives, Justice System, Stephen Breyer, Mortgages, Corporate Crime
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Baltimore lawyer pursues mortgage-related actions against banks
Since Baltimore City Hall contended in a federal lawsuit last year that a group of international banks conspired to keep a key interest rate benchmark low, more municipalities and private companies have started to investigate potential losses because of...
Tags: Thornburg Mortgage Incorporated, Derivative Securities, JPMorgan Chase & Co., Merry-Go-Round Enterprises Incorporated, Colleges and Universities
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Trail of stock deals led to DeCinces insider trading accusation
The stock purchases began in December 2008, less than two months after discussions kicked off about the corporate acquisition of a California medical products manufacturer.
By the time the deal was announced on Jan. 12, 2009, former Orioles third baseman...Tags: Baseball, Raj Rajaratnam, Punishment, Justice System, Martha Stewart
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Bad loan gave 1st Mariner a stake in Cecil Bancorp
The parent of 1st Mariner Bank said Monday that it took a minority stake in a small Cecil County bank after a customer defaulted on a loan — not as part of an acquisition strategy. 1st Mariner Bancorp. declined to identify the customer who lost...Tags: Foreclosures, Cecil Bancorp Incorporated, Florida Gators, Elkton, Companies and Corporations
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Baltimore's Millennial Media files for IPO
Baltimore's Millennial Media Inc., one of the dominant companies in the rapidly growing field of mobile advertising, plans to raise $75 million in a public stock offering — money it will use to expand its operations overseas and go head-to-head...Tags: BlackBerry, eBay Inc., AOL LLC, Financing and Stock Offerings, Companies and Corporations
Apr 19, 2013
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Feb 13, 2013
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Feb 5, 2013
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Jan 28, 2013
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Jan 14, 2013
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Nov 28, 2012
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Dec 13, 2012
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Oct 8, 2012
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Sep 22, 2012
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Jun 21, 2012
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Apr 9, 2012
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Jan 5, 2012
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