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Sean Somerville: Build a financial moat by investing in rivals
In an environment where stocks and bonds breed feelings of uncertainty, where can an investor turn for steady income and favorable odds of appreciation? Dividend stocks have historically been a refuge from volatility because of their ability to outperform the overall market. But if the market is down 20 percent and a stock is down […]
Marianne D. Fishler: A good time to make sure planning is on track
The holiday season is upon us, which for many, means time spent with family and friends reflecting on the blessings in life and those we hold dear, and thinking ahead to the coming year. It is a good time to do a year end check-up to make sure that your financial plan is on track […]
City budget blues
If it’s the end of daylight-saving time, it’s budget time in Baltimore. And with a projected $50 million budget shortfall for 2012, many in city government are already singing the blues. That’s expected to be the case during two budget workshops scheduled for December and January with Mayor Stephanie Rawlings-Blake announced Friday by City Hall […]
The Y of Central Md. and PNC team up to teach preschoolers about finances
The Y of Central Maryland and the PNC Foundation, the charitable arm of the Pittsburgh-based PNC Financial Services Group Inc., jointly announced “For Me, For You, For Later,” a financial education program for preschool children. On Monday, the Y introduced a bilingual financial education curriculum developed by Sesame Workshop into its 52 Head Start classrooms […]
On finances, UB law students kept at kids’ table
Last month, the Student Bar Association at the University of Baltimore School of Law asked for a seat at the table as the law school tried to sort out its financial relationship with the university that led to former Dean Phil Closius’ resignation. SBA President Julius Blattner, in an email sent to students Tuesday night, […]
Marianne D. Fishler: Umbrella insurance: Important, inexpensive
The turbulence of the financial markets and state of the economy in recent years have caused smart investors to become more focused on transparency in their investment selections, on understanding the risk in their portfolios, and on ensuring that their asset allocation matches up with their long-term objectives for their wealth. All too few however […]
Md. small business gets boost from feds
Maryland’s small business financing programs will get a $23 million boost over the next seven years, state and federal officials announced Wednesday. The money was earmarked in a $1.5 billion federal jobs bill passed in 2010. And the first of three installments of Maryland’s share will be delivered in the next few weeks, U.S. Treasurer […]
Prices at gas pump painful for 4 in 10 Americans
WASHINGTON — With gasoline prices hovering at $4 a gallon nationally, many Americans are making tough choices: scaling back summer vacations, driving less or ditching the car altogether. Some seniors are choosing a tank of gas over their prescriptions. An Associated Press-GfK poll shows the share of Americans who say increases in the price of […]
Banks report fewer mortgages going bad
Americans are starting to get their household finances in order. In an encouraging round of earnings reports, major banks say fewer mortgages are going bad, credit card defaults are down and more people are paying the bills on time. One of the nation’s largest consumer lenders, Wells Fargo, said Wednesday that 29 percent fewer loans […]
Dena Frenkel: Pay attention to nations’ credit
There’s been plenty of attention paid lately to the battered state of consumer credit. But what happens when nations get low marks on their credit report cards? Like consumers, countries can get into a trouble when their ability to meet their financial obligations comes under question. Just as there are three main credit agencies that […]
Guilty plea in NY in Disney insider trading scheme
NEW YORK — A man charged with selling secrets about finances at Walt Disney Co. pleaded guilty in federal court Monday to wire fraud charges and conspiracy to commit securities fraud. Yonni Sebbag, a citizen of Morocco, and his girlfriend, former Disney employee Bonnie Hoxie, were arrested in California in May in the insider trading […]
