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Prosecutors: Capitol cop told Jan. 6 rioter to hide evidence
WASHINGTON — A U.S. Capitol Police officer has been indicted on obstruction of justice charges after prosecutors say he helped to hide evidence of a rioter’s involvement in the Jan. 6 insurrection. The officer, Michael A. Riley, is accused of tipping off someone who participated in the riot by telling them to remove posts from […]
Survey: Small, mid-sized companies in a capital crunch
More small and medium-sized businesses are having challenges with working capital, or the money they have available for funding their day-to-day operations, according to a survey by Dun & Bradstreet and Pepperdine University’s Graziadio School of Business and Management. Sixty-six percent of the companies surveyed from late April to early May said their working capital […]
Harbor Bank’s tech showcase focuses on African-American entrepreneurs
Access to capital is a challenge for any new business. On Wednesday, Harbor Bank of Maryland sought to expand that opportunity for African-American entrepreneurs, a segment of the population that is historically overlooked in venture capital funding. More than a dozen startups based in or around Maryland or looking to set up shop here pitched […]
Merger action? Just you wait
A few major deals led Maryland’s mergers and acquisitions activity in the final quarter of 2013, and the deal count crept up slightly. But observers say 2014 will be a year to watch.
Slavie Savings boosts capital ratios
Slavie Federal Savings Bank, of Bel Air, reported Friday on steps it is taking to boost its capital position and lessen its risk exposure, pursuant to an agreement it signed in July with federal banking regulators. To meet minimum capital requirements that take effect on Sept. 30, 2012, the bank has committed to reach and […]
Need financing? Don’t forget to check out government programs
Deciding to start or expand a small business is a risky proposition that comes with a lot of costs. And unless you recently hit the lottery, you are probably not going to be able to cover all of the costs ...
Archaeologists uncover Maryland’s 1st capital
ST. MARY’S CITY — Archaeologists have uncovered the stone and brick foundation of a St. Mary’s City structure that served as Maryland’s first state house. The Calvert House site was identified in the 1980s. On Thursday, the Historic St. Mary’s City museum announced its excavations uncovered the structure’s foundation and cellars. The museum says it’s […[...]
Small Business Administration head: Access to capital still a challenge
When Karen Mills became head of the Small Business Administration in April 2009, the U.S. was in a recession and a credit crisis. It was hard, if not impossible, for many to borrow money. It also was a difficult environment for a government agency charged with helping small businesses. But Mills came to the SBA […]
Sears Holdings returns to a profit in 1st quarter
HOFFMAN ESTATES, Ill. — Sears Holdings Corp. returned to a first-quarter profit, benefiting from a gain on the sale of some stores. The Hoffman Estates, Ill., company, which runs Sears, Kmart and Lands’ End, also said Thursday that it plans to spin off a minority stake in Sears Canada Inc. Sears earned $189 million, or […]
Special Focus Section: Finance
The Daily Record’s latest Focus Section looks at how lawyers and financial planners work together on wealth management services, what investment firms are doing to lure back clients and where start-ups can look for capital. Click on the arrow icon in the top-left corner to see a full-screen version.
Obama signs small business legislation
WASHINGTON — President Barack Obama has signed legislation that will help small businesses and make it easier for startups to raise capital. Obama says it’s a “potential game-changer” for American entrepreneurs hoping to build and sell the next big thing. The legislation had bipartisan support, with backers saying it would promote job creation. Some Democrats […]
Del. panel considers killer’s commutation request
SMYRNA, Del. — A condemned killer scheduled to be executed Jan. 20 asked the Delaware Board of Pardons on Monday to commute his sentence to life in prison. The board met at the state’s maximum security prison in Smyrna to consider whether to recommend that Gov. Jack Markell grant a request for commutation from Robert […]
