Facebook stock up slightly in public debut
BY: Associated Press
POSTED: May 18, 2012
Tags: amazon.com, facebook, general motors, google, initial public offering, investors, linkedin, mark zuckerberg, mcdonalds, Nasdaq Stock Market, peter thiel, shares, social network, Stocks, visa, walt disney
NEW YORK — Facebook updated its status to “public company” on Friday. After an anxiety-filled half-hour delay, its stock began trading on the Nasdaq Stock Market for the first time as investors were finally able to put a dollar value on the company that turned online social networking into a global cultural phenomenon. By early [...]
First Mariner wins TRO to block law firm’s letters 
BY: Ben Mook
POSTED: May 17, 2012
Tags: Baltimore, bank, defamation, false advertising, First Mariner, fraudulent lending practices, injurious falsehood, Judge James K. Bredar, lawsuit, letter, litigation, Litigation Notification, maryland, The Resolution Law Group, tro, u..s district court
First Mariner Bank secured a 14-day restraining order against a Connecticut-based law firm that has been sending letters to the bank’s customers, stating that the bank is facing litigation and regulatory action for fraudulent lending practices. Judge James K. Bredar said on Thursday that he would enter the temporary restraining order against the letters due [...]
Week in review: 5/18/12
BY: Daily Record Staff
POSTED: May 17, 2012
Tags: Baltimore, Baltimore City Circuit Court Judge George Levi Russell III, Foreclosures, General Assembly, Grand Prix, holdes, House of Delegates Speaker Michael E. Busch, Michael C. Hodes, race on llc, t.rowe, u..s district court, Week in Review
New group says it’s ‘race on’ for GP With its first sponsor in hand and online ticket sales slated to start May 28, the new group behind the Baltimore Grand Prix is confident it will be able to pull off the Labor Day weekend street race in record time with good results. Race On LLC [...]
Facebook sets IPO at $38 per share
BY: Associated Press
POSTED: May 17, 2012
Tags: company, data centers, facebook, google, initial public offering, investors, ipo, larry page, mark zuckerberg, Nasdaq Stock Market, peter thiel, photos, Sergey Brin, social network, value
NEW YORK — Facebook has priced its initial public offering of stock at $38 per share, at the high end of its expected range. It means investor demand is strong for the world’s largest online social network. Facebook Inc. and its early investors now stand to reap as much as $18.4 billion from the IPO, [...]
Comcast to start charging heavy downloaders extra
BY: Associated Press
POSTED: May 17, 2012
Tags: at&t, Business, charge, comcast, comcast corp., data, downloaders, monthly data limit, service, Time Warner Cable
NEW YORK — Comcast, the country’s largest Internet service provider, is going to start charging extra when customers go over a certain monthly data limit. That limit, however, is very high, starting at 300 gigabytes for basic Internet plans. Only a tiny fraction of Internet users use that much data in a month. Comcast Corp., [...]
Boscov’s returning to White Marsh Mall
BY: Daily Record Staff
POSTED: May 17, 2012
Tags: Baltimore, Bankruptcy, Boscov's, Business, department store, General Growth Properties Inc., maryland, return, White Marsh Mall
Boscov’s will open a department store at White Marsh Mall in November, inside the same 197,000-square-foot store that it closed in 2008, along with two others in the Baltimore area, after filing for bankruptcy protection. “I’m glad we are returning to White Marsh Mall,” said Albert Boscov, chairman and CEO of the Reading, Pa.-based chain. [...]
Buffett’s Berkshire to buy Media General papers
BY: Associated Press
POSTED: May 17, 2012
Tags: acquisition, berkshire hathaway, buffalow news, dealtaker.com, media general, morning news, omaha world-herald, richmond times-dispatch, tampa tribune, television stations, warren buffet, washington post co., winston-salem journal
NEW YORK — Billionaire Warren Buffett’s company is making another foray into newspapers, agreeing to buy 63 newspapers from Media General Inc. for $142 million. Berkshire Hathaway Inc. is also extending a loan to Media General and taking a 19.9 percent stake in the company, which will still own 18 TV stations. Media General also [...]
Facebook set to price initial public offering
BY: Associated Press
POSTED: May 17, 2012
Tags: Business, facebook, initial public offering, investors, ipo, Nasdaq Stock Market, New York Stock Exchange, shares
NEW YORK — Facebook’s initial public offering could be one of the largest in history if its stock prices at the high end of its expected range on Thursday. Facebook Inc. will likely price its IPO late Thursday, meaning that the investment banks orchestrating the offering will determine the price at which they plan to [...]
Garrett County boosts hotel tax
BY: Associated Press
POSTED: May 17, 2012
Tags: adventure sports center international, economic development, garrett county, hotel tax, Hotels, monty pagenhardt, Tourism, whitewater course
OAKLAND — Garrett County officials say a boost in the local hotel tax will help pay for the county’s recent acquisition of a manmade whitewater course in western Maryland. The Cumberland Times-News reports that the county commissioners voted Tuesday to raise the hotel tax from 5 percent to 6 percent, effective July 1. County Administrator [...]
Human Genome adopts ‘poison pill’ measure
BY: Associated Press
POSTED: May 17, 2012
Tags: abthrax, benlysta, biotech, GlaxoSmithKline PLC, human genome sciences, lupus, poison pill, shareholders rights, shares, stock, unsolicited takeover
ROCKVILLE — Biotech drugmaker Human Genome Sciences Inc.’s board has adopted a “poison pill” shareholder rights plan to ward off unsolicited takeover bids, and it also has rejected a buyout offer worth nearly $2.6 billion from British pharmaceutical giant GlaxoSmithKline PLC. The Rockville company said Thursday its plan lasts for a year and will dilute [...]
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