| Jan 27, 2014
| 5:13 PM
A California-based unit of Legg Mason Inc. agreed to pay more than $21 million to settle government charges that it defrauded clients by not properly informing them of losses caused by improper investments and by engineering trades between clients that...
| Jan 31, 2014
| 5:45 PM
Legg Mason reported Friday that it earned a profit of $81.7 million in the quarter ended Dec. 31, a turnaround compared to 2012, when it lost $453.9 million during the same period.
That swing was driven largely by the Baltimore-based money management...
| Feb 24, 2014
| 3:00 AM
Hackers who stole confidential information on more than 309,000 current and former students and faculty from computers at the University of Maryland College Park last week had to penetrate multiple layers of security to get at the data, and school...
| Mar 15, 2014
Di Zhang, the Towson woman whose arrest for allegedly operating a brothel on East Joppa Road sparked federal efforts to seize nearly $2 million worth of her real estate, has been arrested on prostitution and human trafficking charges in Montgomery County....
| Mar 14, 2014
| 5:51 PM
The chairman of Jos. A. Bank Clothiers Inc. will receive a payout of up to $5.8 million as part of the chain's acquisition by Men's Wearhouse in a $1.8 billion deal.
Bank Chairman Robert N. Wildrick will be paid $3.5 million under a two-year noncompete...
| Dec 11, 2013
| 3:00 AM
The Justice Department has just obtained documents showing that JPMorgan Chase, Wall Street's biggest bank, has been hiring the children of China's ruling elite in order to secure "existing and potential business opportunities" from Chinese government-run...
| Dec 18, 2013
| 9:02 AM
Legg Mason's Bill Miller is launching a new fund — an eponymous one.
The Baltimore money management firm disclosed the impending Miller Income Opportunity Trust in an initial filing with the U.S. Securities and Exchange Commission on Friday,...
| Dec 23, 2013
| 3:57 PM
Columbia-based W.R. Grace & Co. cleared the last major hurdle Monday to its exit from nearly 13 years of bankruptcy protection, settling the final remaining appeal to its reorganization plan.
The chemical maker said in a U.S. Securities and Exchange...
| Dec 11, 2013
| 2:30 PM
Worthington Industries warned state officials Wednesday that it will close its 54-employee steel processing plant in Essex next year, a move that follows the collapse last year of the nearby Sparrows Point steel mill.
"With the consolidation of the steel...
| Jul 15, 2013
| 3:32 PM
Coming this fall: advertisements pitching the opportunity to buy into hedge funds, private equity funds or early-stage companies.
The Securities and Exchange Commission lifted last week a Depression-era ban against private companies advertising the sale...
| Aug 31, 2013
| 10:32 AM
James L. Akers Jr., a retired financial analyst and businessman who collected and restored vintage arcade machines, died Wednesday of kidney cancer at his Ellicott City home. He was 73.
The son of a dentist and a homemaker, James Lee Akers Jr. was...
| Sep 23, 2013
| 2:58 PM
The U.S. Securities and Exchange Commission suspended trading of the shares of Municipal Mortgage & Equity LLC, a Baltimore firm known as MuniMae, until Oct. 1 over late or missing filings with the market regulator.
The SEC issued two orders Sept. 18,...