Legg Mason plans to close a deal to restructure $650 million in debt this month, a move designed to lock in favorable interest rates for the long term while taking advantage of the market's sustained appetite for corporate bonds.
The Maryland Department of Housing and Community Development announced said Tuesday it will extend for the long-term program that offers reduced mortgage rates for veterans and active-duty military, while scaling back the initial incentive.
Republican gubernatorial candidate Larry Hogan emerged as a major force in his party's chase for campaign cash, collecting more money since he joined the race three months ago than his rivals took in all of last year, the campaign said Tuesday.
Three of the four Republican candidates for governor met in a cordial debate in Rockville Wednesday, agreeing on a need to cut taxes in Maryland, limit government growth and scrap major transit projects.
A bipartisan budget deal aimed at calming debates over U.S. fiscal policy for the next two years cleared a key vote Tuesday in the Senate, reducing the risks of another government shutdown and spending cuts that would have had an outsized impact in Maryland.
WASHINGTON — Lawmakers return to Capitol Hill Monday to begin a critical week of budget negotiations with wide-ranging economic implications for Maryland — on issues from Baltimore harbor dredging to pre-school classrooms to the Eastern Shore's poultry industry.
Carroll County received positive credit ratings, including one upgrade, from bond rating agencies after the county's annual bond review in New York. Carroll received a AAA rating, the highest possible, from both Fitch Services and Standard and Poor's Rating Service. The county received a Aa1 rating from Moody's Investor Services.
People on the Internet may try to tell you that the most exciting thing about last night's episode of "Scandal" was the first appearance of Olivia¿s mom, Maya Lewis (played by "Treme's" Khandi Alexander), but they are wrong.
Two politically-connected firms are lobbying for a multimillion-dollar contract to overhaul the city's water-billing system — a once-in-a-generation effort Baltimore officials say could help end the chronic problem of wildly erroneous bills.
Mercy Medical Center is parting ways with a midwife group that has worked out of the hospital for years because of rising malpractice insurance costs. The decision to close Kathleen Slone CNM & Associates, which plans to stop delivering babies in February, left some to say that women will have fewer obstetrics choices outside of the traditional doctor.
The University of Maryland Medical System has set aside tens of millions of dollars because of complex financial transactions related to interest rates that have not paid off — yet. The medical system cannot use those funds even as it wrestles with financial pressures that have led to layoffs, but defends its use of the interest rate swaps.