Maryland high court nixes company’s stock buyback plan
Maryland’s top court nixed a real estate company’s Great Recession-era bid to buy back shares of its Class B Stock for about a penny on each dollar invested.
Wells Fargo will pay Maryland $20M in settlement
Wells Fargo & Co. will pay Maryland $20 million in settlement of claims the mortgage company misled investors – including state and local government entities – regarding the durability of its residential loans in the years preceding the Great Recession. Wells Fargo admitted no wrongdoing in agreeing to the settlement of administrative claims brought by […]
More quitters in workforce a good thing
Quitting your job — all but unheard of during and after the Great Recession — is becoming more common again. That could mean pay raises are coming for more Americans.
Yellen: Job market makes Fed hesitant on rate hike
Federal Reserve Chair Janet Yellen said Friday that the Great Recession complicated the Fed's ability to assess the U.S. job market and made it harder to determine when to adjust interest rates.
U.S. companies post most jobs in 7 years in May
U.S. employers advertised more jobs in May than in any month in the past seven years, a sign that this year's strong hiring trend is likely to continue.
32 states trail U.S. as a whole in job recovery
Five years after the Great Recession officially ended, most states still haven't regained all the jobs they lost, even though the nation as a whole has.
U.S. employers add 217K jobs; rate stays at 6.3 pct
U.S. employers added 217,000 jobs in May, a substantial gain for a fourth straight month, fueling hopes that the economy will accelerate after a grim start to the year.
U.S. regains private jobs lost in recession, but so what?
The U.S. economy has reached a milestone: It has finally regained all the private-sector jobs it lost during the Great Recession.
Abandoned horses struggle to recover after recession
WOODBINE — Hundreds of Maryland’s horses are homeless, abandoned by people who could not afford to care for them in the aftermath of the Great Recession. Horse ownership increased in the decade prior to the economic downturn in 2009. But with the crash of the stock and housing markets, many owners were unable to afford […]
Newsmaker: Levin aims to stay in ‘the sweet spot’
Saul Ewing LLP’s incoming managing partner Barry F. Levin has a rule: If there’s a problem, wait 24 hours.
Dems say it’s time for GOP to unite, end shutdown
WASHINGTON — President Barack Obama decided to stay home from economic summits in Asia as Democrats stepped up pressure on congressional Republicans to rein in their tea party faction and reopen the government with no strings attached. House Republicans said that with Congress and the president in town this weekend, now is the perfect time […]
Consumer confidence dips as jobs outlook dims
WASHINGTON — Americans’ confidence in the economy fell slightly in September from August, as many became less optimistic about hiring and pay increases over the next six months. The Conference Board, a New York-based private research group, said Tuesday that its consumer confidence index dropped to 79.7 in September. That’s down from August’s reading of […]