Profits at T. Rowe Price Group Inc. increased 23 percent for the three-month period that ended last month, as a rising stock market pushed the amount of client money managed by the firm to a record high.
The firm hired by Fannie Mae to maintain vacant, foreclosed properties in the Baltimore area systematically neglects homes in non-white neighborhoods, according to a discrimination complaint filed Tuesday with the U.S. Department of Housing and Urban Development.
Toni R. Killefer, a former preschool teacher who was a longtime supporter of breast cancer research and was a mentor to cancer patients, died of Monday of metastatic breast cancer at her Stevenson home. She was 49.
By By Frederick N. Rasmussen and The Baltimore Sun
Safeway Inc.'s announcement Thursday that private equity firm Cerberus Capital Management would acquire the company in a deal valued at about $9.4 billion is the latest sign from the troubled grocery industry that supermarkets have fallen out of style.
By By Heather Somerville and San Jose Mercury News
One California city's controversial plan to use eminent domain to reduce the number of underwater mortgages has caught the eye of some Baltimore leaders, who say the city might benefit from the program too.
A failure to make bond payments may influence investors' scrutiny of MEDCO, a company created by the General Assembly to aid economic development through Maryland, it will not affect the state's credit rating, experts say.
Mayo A. Shattuck III, who helped sell two Baltimore institutions to out-of-state concerns and ran the region's energy firm for a volatile decade, has retired from the parent company of Baltimore Gas and Electric Co.
Jimmy Dailey didn't enter the collegiate lacrosse world from a prestigious program. But when he closed his college career last month, the Winters Mill High School graduate left with one of the highest honors in the sport. The Stevenson University attackman was named the winner of the Iroquois National Award as the outstanding player in NCAA Division III by the U.S. Intercollegiate Lacrosse Association.
The announcement this week that Chicago-based Exelon Corp. has struck a deal to take over Constellation came as something of a psychic blow. If the $7.9 billion deal is approved, and the parent of local utility BGE is absorbed , then Baltimore will lose its sole remaining Fortune 500 headquarters.