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.
New skatepark in Hampden, which draws about 100 people a day, many from out of town, holds its grand opening May 3. It's a big day for them, and for Stephanie Murdock, who raised money for seven years, and for the owners of Vu, a skateboard shop that opened on Falls Road around the corner from the skatepark.
President Barack Obama unveiled a $3.9 trillion federal budget on Tuesday that calls for spending billions more on infrastructure, raising taxes on the wealthy and closing an income inequality gap the president has made a top target of his second term.
The state pension system is Maryland's financial Achilles heel. All bond rating services have noted that rising pension debt endangers the AAA bond rating, and the Pew Center on the States rates Maryland as one of the 10 most under-funded states. Perhaps it's time for Nancy Kopp to step down.
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.
Men's Wearhouse said it might be willing to sweeten its bid for rival Jos. A. Bank Clothiers in a letter sent Thursday to Bank's independent directors that also urged them to form a committee to reconsider its offer to buy Bank for $1.6 billion cash.
Baltimore's Legg Mason Opportunity Trust, co-managed by well-known stock-picker Bill Miller, is the top-ranked U.S. diversified stock fund for the third consecutive quarter, according to a Wall Street Journal ranking.
Baltimore's two major fund companies have joined a small but growing number of investment firms offering ultra short-term bond funds, which may become an alternative to the traditional money market fund.
T. Rowe Price has a reputation as a place where portfolio managers can spend their entire careers. But during 12 weeks this year, three fund managers left the Baltimore-based investment company or announced plans to do so.
Joseph A. Sullivan, who has served as interim leader of Legg Mason Inc. for more than four months, has been named CEO and president of the Baltimore-based money manager, the company announced this morning.
The new CEO of Legg Mason must answer questions about Legg Mason's identity, stem the flow of investors withdrawing money and assuage its affiliates to move the Baltimore money manager into the future.