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Tag Archives: funds

T. Rowe Price launches two funds

T. Rowe Price, the Baltimore-based money manager, announced Tuesday that it has introduced two new mutual funds —one that invests in international stocks and one that invests in noninvestment-grade municipal bonds. The International Concentrated Equity Fund is available in an ...

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4 Md. colleges share $10M from Hodson Trust

Four Maryland private colleges are announcing gifts totaling $10 million from the Delaware-based Hodson Trust. Johns Hopkins University said Tuesday it received $2.5 million from the trust. The funds will be used for undergraduate scholarships, cancer research and to support ...

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Va. losing $1.2M in bay restoration money

NORFOLK, Va. — Virginia is losing federal aid for Chesapeake Bay restoration projects because the Environmental Protection Agency is not satisfied with the state’s efforts to address stormwater pollution. The EPA notified the state late last month that it is ...

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Legg Mason’s 4th quarter profit up 10 percent

Baltimore-based Legg Mason Inc. said Tuesday that its fiscal fourth-quarter profit increased 10 percent as it cut expenses to offset the impact of lower stock and bond assets. Net income rose to $76.1 million, or 54 cents a share, in ...

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Investors seek to freeze Grand Prix account (access required)

Two of the Baltimore Grand Prix’s original investors Wednesday requested temporary restraining orders and orders for injunctive relief, seeking a total of $1.2 million that they say are owed to them. The Baltimore City Circuit Court filings, which seek to ...

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Bethesda-based Monument Bank gets Treasury Department funds

Monument Bank of Bethesda received $11.4 million through the federal government’s Small Business Lending Fund, the U.S. Treasury Department announced. The SBLF is a voluntary program intended to encourage small business lending by providing capital to qualified community banks at ...

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Gary S. Williams: After divorce, be careful with retirement plan (access required)

Federal law requires that participants in employer-sponsored retirement plans designate their spouse as their beneficiary, unless the spouse waives this right in writing. Assuming that you and your spouse adhered to this practice, a document known as a Qualified Domestic ...

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