| Sep 19, 2012
| 5:37 PM
Legg Mason said Wednesday that it has agreed to a severance package for outgoing CEO Mark R. Fetting that will cost the Baltimore money manager about $4 million, including $2 million in direct payments.
Fetting is stepping down as CEO and chairman Oct....
| Oct 7, 2012
As pay raises go, it's hard to beat a fivefold increase.
That's the jump Hunt Valley-based Omega Healthcare Investors' CEO saw in compensation last year. After getting a thumbs down for its executive pay from a shareholder advisory firm, the company told...
| Aug 9, 2012
| 3:19 PM
Exelon Corp. plans to sell its three Maryland coal-fired power plants for $400 million to a subsidiary of private equity firm Riverstone Holdings LLC, the Chicago-based energy giant said Thursday.
Under the terms of the deal, buyer Raven Power Holdings...
| Aug 17, 2012
| 3:39 PM
Orioles Hall-of-Famer Eddie Murray has agreed to pay $358,151 to settle charges that he illegally profited from an insider trading scheme involving former teammate Doug DeCinces, the U.S. Securities and Exchange Commission announced Friday.
| Jan 14, 2013
| 4:53 PM
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...
| Nov 28, 2012
| 8:00 PM
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...
| Dec 5, 2012
| 9:14 AM
Grotech Ventures will be the first venture capital firm to invest in Maryland startup companies using $12 million in state money as part of the InvestMaryland program, state economic development officials said Wednesday.
The firm was selected based on...
| May 28, 2013
Baltimore's two major mutual fund companies have joined a small but growing number of investment firms offering ultrashort-term bond funds, which may become an alternative to the traditional money market fund.
The T. Rowe Price Ultra Short-Term Bond...
| May 6, 2013
| 3:16 PM
Table games at Maryland Live Casino generated $8.4 million in revenue in their first month at the Anne Arundel County facility, on top of $38.2 million from its slot machines, the Maryland Lottery and Gaming Control Agency reported Monday.
| Oct 3, 2012
| 3:56 PM
Sourcefire Inc., a Columbia-based provider of cybersecurity technology to government and commercial clients, said its CEO retired earlier this week after taking a medical leave to be treated for colon cancer.
John C. Burris, 57, led Sourcefire since...
| 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...
| Apr 12, 2013
| 2:56 PM
An Annapolis-based financier of clean energy infrastructure amended its plans to sell stock to the public, more than doubling its target to $250 million.
Hannon Armstrong Sustainable Infrastructure Capital Inc., which provides debt and equity...