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Legg Mason reports $45.8M profit

Positive market performance helped Legg Mason Inc. turn a profit for the second quarter in a row, signaling a return to stability for the Baltimore-based asset management firm.

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Northrop earnings exceed estimates

Northrop Grumman Corp. said Wednesday earnings for the third quarter were hurt by higher pension costs, but solid revenue and a tax break pushed results well past analyst estimates.

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Trial pits bats against wind farm project

Lawyers for organizations opposed to a wind energy project in West Virginia told a federal judge Wednesday that it could violate the Endangered Species Act by harming a rare species of bat — one the defense claims is not even on the site. ; ;

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Sandy Spring suffers 3Q loss of nearly $15 million

Sandy Spring Bancorp Inc. lost $14.8 million in the third quarter, the result of $34.5 million set aside to absorb losses on loans and leases, the company said Thursday.

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SunEdison acquired by MEMC Electronic Materials

Beltsville-based SunEdison LLC, the largest solar energy services provider in the United States, has been acquired by MEMC Electronic Materials Inc. for $200 million, the companies said Thursday evening.

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Obama to refocus bailout on small businesses

President Barack Obama unveiled plans Wednesday to refocus spending of the government's $700 billion financial bailout away from Wall Street's big financial institutions and toward small businesses on Main Street.

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St. John begins work on Aberdeen building project

Officials at Baltimore’s St. John Properties say they have begun work on the first stages of a 400-acre building project at Harford County’s Aberdeen Proving Ground, less than six months after now-bankrupt Rockville developer Opus East LLC handed the project over to them.

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Marine sentenced in hero hoax case

A Marine Corps sergeant who pleaded guilty to pretending to be an injured hero to get in free to rock concerts and professional sporting events has been sentenced to 18 months. ; ;

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Women entrepreneurs need to see the trends

The Baltimore region will be a hotspot for growth in the coming years, and now could be the best time for a new entrepreneur to make her mark — if she plays her cards right.

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News briefs – Business edition

Novavax in the newsNovavax Inc., of Rockville, said it will work with Marlborough, Mass.-based Xcellerex Inc., a contract pharmaceutical manufacturer, to increase production of a potential swine flu vaccine. Novavax is seeking approval in Mexico for a vaccine that fights ...

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