Executives at Columbia-based Corporate Office Properties Trust said Friday that strong leasing should lift performance in the rest of the year, as second-quarter earnings rose to positive digits, up from losses during the same period in 2013.
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.
Jos. A. Bank Clothiers Inc., likely a few weeks away from finalizing a $1.8 billion deal to be acquired by Men's Wearhouse, posted a $37.1 million first quarter loss stemming from merger-related expenses.
Baltimore County Executive Kevin Kamenetz and Baltimore County Public Schools launched Team BCPS Clean Green Litter 15 Challenge, a county-wide anti-litter and clean-up campaign, on Thursday at Lutherville Laboratory Elementary School.
Baltimore money manager Legg Mason Inc. reported that clients added more than $8 billion in cash to accounts there during its recently finished fiscal year, breaking a six-year streak of client cash going the wrong way — out.
The CEO of a Hunt Valley-based real estate investment trust, which has a porfolio of skilled nursing and assisted living facilities across the U.S., was awarded $7.3 million in compensation for 2013, a year that the firm's returns placed it among the top performing REITs in the country.
The real estate investment trust, which counts the U.S. government and major defense contractors as its biggest clients, reported no earnings per share in the first quarter of 2014, compared to 11 cents during the same period last year. Its funds from operations per share held steady year-over-year at 48 cents, and came in one penny higher than the company's previously issued guidance
Baltimore money manager T. Rowe Price said Thursday that net income rose nearly 26 percent in the first three months of the year, compared with a year earlier, as revenue from investment advisory fees grew by more than $120 million.
Maryland's personal income growth was among the smallest nationwide last year as federal budget cuts rippled through the wider region, affecting Virginia and the District of Columbia as well, the U.S. Department of Commerce estimated.
The real estate investment trust, which caters to government and defense-related tenants, saw earnings per share hit 94 cents for the three months ended Dec. 31, compared to 16 cents during the same period in 2012.
The most important impact of living wage proposals is not a transfer of income from the employer to the employee, but from the employer to the government in the form of lower costs of government safety net programs.
Under Armour's stock price surged over $100 a share Thursday after the company reported its profit jumped 28 percent in the fourth quarter, with strong sales driven by the growing popularity of the brand's cold-weather sports apparel.
The Howard County Board of Education last week cancelled open negotiations with the Howard County Education Association after a judge ordered them to preliminarily uphold the labor board's ruling that negotiations must be closed.
Sinclair Broadcast Group Inc. saw profits for the third quarter jump 38 percent, benefiting from strength in television advertising and growth in revenue from fees broadcasters charge cable TV companies to carry their signals.
Chemical maker W.R. Grace & Co. said Wednesday that its income in the third quarter fell 8 percent from a year earlier as it continues to deal with challenges in its catalysts business, which includes additives used by refineries.
Sinclair Broadcast Group Inc. said Wednesday second quarter net income fell 41 percent to $17.8 million, or 19 cents per share, from a net income of $30.1 million, or 37 cents per share in the comparable period a year ago.
Jos. A. Bank Clothiers Inc.'s top executive, R. Neal Black, earned $2.9 million last year, a decrease from the $4 million total compensation Black earned in 2011, the Hampstead-based men's apparel retailer said.
Micros Systems Inc., a maker of software for the hospitality and retail industries, reported third-quarter net income of $44.3 million Thursday, a 2.4 percent increase compared with the same period in 2013 and a record for a third quarter.
As Jos. A. Bank Clothiers prepares to announce year-end and quarterly results this week, Zacks Investment Research has downgraded the retailer's stock to a strong sell rating, citing the company's January warning that fiscal year profit will be off 20 percent.
Under Armour CEO Kevin Plank, bolstered by fourth-quarter and year-end revenue numbers that exceeded projections, made bold promises about the future of his Baltimore-based company during its fourth-quarter earnings call Thursday.
Sports apparel maker Under Armour Inc. reported a 7 percent gain in second-quarter earnings Tuesday, beating Wall Street estimates as new offerings in women's apparel and footwear helped drive sales increases.
Chicago-based Exelon Corp. reported Friday a 70 percent drop in quarterly profit due to warmer-than-normal winter weather, lower power prices and costs related to the acquisition of Constellation Energy Group.