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Baltimore Local Business
T. Rowe Price earnings up; Legg Mason losses narrow
- Both of Baltimore’s major investment firms reported earnings today, with T. Rowe posting a net income of $162 million, identical to the second quarter of 2007, and up from a net income of $151.5 million in the first quarter. Legg Mason narrowed its losses to $31.3 million last quarter from $255.5 million in the previous quarter.
New Baltimore arena announcement expected Thursday
- A panel of state and city leaders is expected to announce their recommendation Thursday for building a new arena in downtown Baltimore, and outline the next steps for the project.
Gas prices uneven across Baltimore-metro area
- Valerie Glynn frequently stops at her local Shell station on the corner of Churchville Road and Brierhill Drive just outside Bel Air. But, like many other drivers, not for gas.
- Valerie Glynn frequently stops at her local Shell station on the corner of Churchville Road and Brierhill Drive just outside Bel Air. But, like many other drivers, not for gas.
Direct Loan Program is an A-plus for students
- With student-loan lenders dropping at a fast pace over the past six months, many financial aid offices are dropping them to deal directly with the federal government.
New shipping contract ensures strong business at Port of Baltimore
- The Helen Delich Bentley Port of Baltimore has reached an agreement with Evergreen Shipping Co., one of the port’s major customers, for a new 10-year contract, Gov. Martin O’Malley announced Tuesday.
- The Helen Delich Bentley Port of Baltimore has reached an agreement with Evergreen Shipping Co., one of the port’s major customers, for a new 10-year contract, Gov. Martin O’Malley announced Tuesday.
Bank of America earnings drop 41 percent
- Bank of America’s second quarter earnings fellselect all 41 percent from the same time a year before to $3.41 billion, or 72 cents per share, the bank reported Monday.
Rental market surging as home sales, prices fall
- As home prices continue to drop, would-be buyers are waiting on the sideline, and local real estate watchers said many are waiting in rental properties.
Baltimore named one of nation’s most walkable cities
- Fresh air and avoiding $4-a-gallon gas — walking definitely has its advantages.
Mobtown provides happy medium for Baltimore-area musicians
- From the sidewalk, 2603 N. Charles St. looks like any of the other hundreds of historic row houses that line Baltimore’s streets. However, inside a brand new state-of-the-art recording studio is creating a novel approach to the city’s exploding music industry.
- From the sidewalk, 2603 N. Charles St. looks like any of the other hundreds of historic row houses that line Baltimore’s streets. However, inside a brand new state-of-the-art recording studio is creating a novel approach to the city’s exploding music industry.
Sparrows Point owner extends offer for Esmark shares
- Russian steelmaker Severstal, owner of Sparrows Point steel mill in Baltimore County, said Friday it would extend its offer to purchase shares of takeover target Esmark until Aug. 4 at 10 a.m.
Trade associations make adjustments aimed at recruiting young members
- At first, James Knott Jr. didn’t realize the advantages of joining the National Association of Industrial and Office Properties’ Maryland Chapter.
- At first, James Knott Jr. didn’t realize the advantages of joining the National Association of Industrial and Office Properties’ Maryland Chapter.
Baltimore hotel bookings exceeding expectations in 2008
- Baltimore hotels exceeded their booking expectations for 2008 by more than 70,000 room nights, Mayor Sheila Dixon said Friday.
Constellation expects strong second corner earnings: Cost estimates for new Calvert Cliffs reactor under way
- Constellation Energy won’t release its second quarter earnings for two more weeks, but company CEO Mayo Shattuck is willing to drop a hint: they’re going to be good.
Maryland unemployment holds at 4 percent
- Unemployment statewide remained at 4 percent in June from the month before, but increased slightly from 3.6 percent in June 2007, according to data released Friday by the federal Department of Labor. The rate was up from 3.6 in April but matched May’s figure. A total of 121,700 people were unemployed, up from 119,900 in May.
Headline acts keep Baltimore’s concert numbers healthy
- Bring the big names, and music fans will come.
Sources: Baltimore's 1st Mariner Arena to be rebuilt on current site - developers split on potential impact
- Hate it or love it, the aging 1st Mariner Arena’s days might be numbered.
Baltimore hotel bookings soar
- Hotel bookings by the Baltimore Area Convention and Visitors Association in 2008 have increased by over 70,000 room nights, exceeding the year’s goal of 400,000 room nights by 51,608, Mayor Sheila Dixon announced Friday.