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Survey: Grads getting more gifts than ever before
If you’re going to a graduation party this month, you’re probably helping to contribute to a record number of gifts for graduates this year. Consumers will spend $5.4 billion on graduation gifts this year, according to a survey commissioned by the National Retail Federation. The most popular gift this year will be cash, although its […]
Armored truck drops cash in Baltimore’s Harbor Tunnel
BALTIMORE — Baltimore’s Harbor Tunnel was temporarily shut down Wednesday night when cash spilled out of an armored truck and onto the roadway inside. The Maryland Transportation Authority Police say the tunnel was closed in both directions for about seven hours Wednesday after a significant amount of currency began falling out of the rear door […]
Senate: Make it tougher to close post offices
WASHINGTON — A Senate bill aimed at saving the U.S. Postal Service would make it harder to close thousands of low-revenue post offices and end Saturday mail delivery, even though the struggling agency says those moves are just what’s needed to reduce its massive debt and become profitable again. The measure takes steps to help […]
Waldorf man charged with selling pot from ice cream truck
LA PLATA — Authorities say a Waldorf man has been charged with selling marijuana out of an ice cream truck. WRC-TV reported Tuesday that a Charles County sheriff’s spokeswoman said deputies found bags of marijuana and a stash of cash in a truck operated by 20-year-old Alexander Hoskins. She said officers acting on a tip […]
Drivers snatch ‘snow globe’ of cash on I-270
HAGERSTOWN — Dozens of drivers stopped to grab fistfuls of money after thousands of dollars spilled from an armored truck along a Maryland highway Friday and created what one motorist called one big “snow globe of cash.” Attorney Heather Kelly said she was driving on Interstate 270 to her office in Frederick when she passed […]
Apple’s next hot release: The dividend check
NEW YORK — Apple made computers sexy. Can it do the same for the musty old dividend? Issuing a regular payment to your stockholders after years of just amassing cash used to be an admission that your company has run out of creative ideas to grow profits. The quarterly check for a buck or two […]
Kodak gets 2013 deadline to reorganize
ROCHESTER, N.Y. — Eastman Kodak Co. has a little over a year to reshape its money-losing businesses and deliver a get-out-of-bankruptcy plan. Girded by a $950 million financing deal with Citigroup Inc., the photography pioneer aims to keep operating normally during bankruptcy while it peddles a trove of digital-imaging patents. After years of mammoth cost-cutting […]
3 in Frederick accused of counterfeiting
FREDERICK — Three people in Frederick have been accused of using counterfeit case to buy goods at local stores. The Frederick News-Post reports that the trio was using counterfeit bills to purchase items at Walmart and Kmart stores, then returning the items a short time later to collect real cash. Karena Elizabeth Snowden, Christina Marie […]
Bumpy earnings season ahead for banks
NEW YORK — You can usually tell a lot about the health of the U.S. economy by looking at the financial results of banks. They’re the people who finance new factories, plant expansions and fatter payrolls. But don’t count on that over the next two weeks, when banks report their results from the last three […]
U.S. proposes new, tougher rules for big banks
NEW YORK — The Federal Reserve on Tuesday said the largest U.S. banks and financial companies should hold extra cash on their balance sheets to cushion themselves against financial crises. The proposal by the chief U.S. banking regulator will affect banks with over $50 billion in assets. There are even stricter rules for companies with […]
Sean Somerville – Remember: Doing nothing is a choice, too
Almost 20 years ago, George Costanza pitched a novel idea for a television show: “Nothing happens!” he gleefully told puzzled NBC executives. You might not want to let this Seinfeld scene inspire your investment strategy. In today’s environment, investors might think they don’t want to make any choices while things — the European crisis, U.S. […]
Marianne D. Fishler: How to put cash on the sidelines to good use
You’ve no doubt heard that there is a lot of “cash on the sidelines” as people wait for the most opportune time to leap into this highly volatile stock market. My belief is that the time to invest is when you have the money and the time to sell is when you need the money. […]
