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Tag Archives: fiscal

Ciena stock dives after disappointing 2Q results

Shares of network equipment maker Ciena Corp. fell sharply Wednesday after it reported a larger loss and lower revenue than Wall Street expected, coupled with a disappointing forecast for the current quarter. The shares fell $3.92, or nearly 16.2 percent, ...

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Maryland and Virginia dueling for development

ANNAPOLIS — Maryland and Virginia have upped the ante in their high-stakes competition for economic development with plans for more than $200 million in new spending as other states struggle under staggering fiscal challenges. But Virginia has a big head ...

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Md. Senate leader says state budget could be worse

ANNAPOLIS — Maryland’s senate president wants lawmakers to “put on a happy face” as they slog through another tough budget year. Senate President Thomas V. Mike Miller teed up lawmakers Wednesday for Gov. Martin O’Malley’s state of the state speech, ...

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1st Mariner Bancorp cuts loss nearly in half, to $3.5M

Still struggling to meet capital levels mandated by an agreement with bank regulators, 1st Mariner Bancorp, parent company of 1st Mariner Bank, on Monday reported a net loss for the fourth quarter of 2010. The Baltimore-based company had a pre-tax ...

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Editorial: Balancing act

Gov. Martin O’Malley said repeatedly on the campaign trail in the fall that his top priority was jobs — creating them, retaining them, saving them and enabling businesses in Maryland to feel confident enough to add them to their payrolls. ...

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Panel urges fiscal sweeteners to get casino at Rocky Gap

ANNAPOLIS – The state slots commission urged lawmakers Tuesday to loosen restrictions on the Western Maryland gaming license to spur development of a casino there as the General Assembly opens its 2011 session Wednesday facing a $1.6 billion budget deficit. ...

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C. Fraser Smith: Making the case for practical progressivism

Get ready for the “new normal.” Gov. Martin O’Malley and his lieutenants are promising something noticeably different: smaller, leaner government — and here’s the kicker: in keeping with progressive priorities. It’s hardly surprising. Maryland is not a budgetary nightmare like ...

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