| Feb 5, 2013
| 12:40 PM
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...
| Jan 2, 2013
| 2:07 PM
Friday, forecasters expect the Labor Department to report the economy added 155,000 jobs in December — substantially less than is needed to pull unemployment down to acceptable levels.
The tax and spending package passed by the Senate and House...
| Jun 26, 2013
| 5:44 PM
The city-owned Hilton Baltimore lost nearly $11.2 million in 2012 — a slight improvement from a year earlier, according to an audit to be presented to the city's Board of Estimates next week.
Because of mounting losses, the city was forced to...
| Feb 13, 2013
| 3:10 PM
Maryland could lose one of its prized AAA bond ratings if the U.S. government fails to find a way out of its debt and budget problems in the coming months, state Treasurer Nancy K. Kopp has warned.
Kopp told a Senate committee in Annapolis this week that...
| Jun 22, 2013
| 9:49 AM
Patrick McAvoy knew his job had some drawbacks. As a contract employee at the University of Maryland, Baltimore, he lacked benefits and long-term stability, but he stayed on as an events coordinator for three years, hoping to be hired full time and seeing...
| Jun 17, 2013
| 2:29 PM
Credit rating house Standard & Poor has assigned Anne Arundel County's bonds a AAA rating and upgraded its assessment of the county's fiscal outlook from "negative" to "stable," officials announced Monday.
Moody's, another credit rating house, gave...
| Jun 10, 2013
| 12:53 PM
Moody's Investor Services said Monday that it was reviewing for a possible downgrade the A1 credit rating of St. Mary's College of Maryland, which last week announced the resignation of its president amid news that the liberal arts school expects to...
| May 17, 2013
| 4:16 PM
Maryland employers slashed 6,200 jobs in April, cutting short a string of gains, the U.S. Department of Labor said Friday, as the state began feeling the pinch of federal budget sequestration and cutbacks in consumer spending.
But the government's...
| Feb 11, 2013
| 4:33 AM
Harford County officials are preparing to sell $116.9 in bonds on Feb. 19.
The bond issues cover $40 million that is being borrowed for various capital improvement projects and $76.9 million to refinance two previous bond issues from 2005 and 2007,...
| Feb 14, 2013
| 3:15 AM
Howard County has maintained a AAA bond rating from agencies Standard & Poors, Moody's Investors Service, and Fitch Ratings since the mid-1990s, but if Moody's downgrades the federal government to AA-plus, Howard County could follow.
| Jan 18, 2013
| 5:29 PM
Maryland gained about 22,000 jobs in 2012, the smallest annual increase since the recession, underscoring the challenges facing the state in a year dominated by the federal budget and the collapse of a major employer.
U.S. Department of Labor estimates...
| Feb 15, 2013
| 7:13 PM
University of Maryland St. Joseph Medical Center loses about $400,000 every day it's not certified by Medicare to collect payments from the federal health care program.
The big question is how much that will ultimately cost the Towson hospital. Tens...