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May consumer spending flat; incomes fall and prices jump
Consumer spending was flat in May, while inflation posted a sizable gain of 0.4%.
Median income in Baltimore region stays same
Household income in the Baltimore region hasn’t changed from the first full year after the recession, according to the U.S. Census Bureau. The metro area’s 2013 median household income was […]
ABA opposes potential income-tax change for law firms
The Maryland State Bar Association has joined a national lawyers’ group in opposing draft congressional legislation that would require high-revenue law firms and other personal-services firms to pay income tax on money their clients still owe them.
In-House Interrogatory
The billable hour is not dead. At least according to a panel of corporate counsels in Missouri. A group of general counsels discussed their jobs and challenges in the legal […]
Editorial: An exodus of income?
With Forbes’ recent release of the richest 400 Americans list, it’s a good time to take a look at whether Maryland’s tax policies are, as conservatives often claim, repellants for wealthy people.
Combined net worth of America’s richest rises
NEW YORK — Life is good for America’s super wealthy. Forbes on Monday released its annual list of the top 400 richest Americans. While most of the top names and […]
Legg reports slight decrease in assets under management
Legg Mason Inc., of Baltimore, a global asset manager, reported August's assets under management totaled $644.5 billion, a 0.83 percent increase from AUM of $639.2 billion in August 2012.
Richest 1 percent earn biggest share since ’20s
WASHINGTON — The gulf between the richest 1 percent and the rest of America is the widest it’s been since the Roaring ’20s. The very wealthiest Americans earned more than […]
Consumer spending up weak 0.1 percent in July
WASHINGTON — U.S. consumers barely increased their spending in July as their income grew more slowly, held back in part by steep government spending cuts that reduced federal workers’ salaries. […]
Radio One posts loss in second quarter
Radio One Inc., of Silver Spring, the nation’s largest broadcasting company serving primarily black audiences, reported a second-quarter net loss of $14.2 million, or 29 cents per diluted share, versus net income of $42.7 million, or 85 cents per share, for the year-ago period.
Walker & Dunlop’s profit soars
Walker & Dunlop Inc., of Bethesda, a real estate lender focused on multifamily loans, said its second-quarter net income rose 52.5 percent to $14.5 million, or 42 cents per diluted […]
Sinclair’s 2Q revenue up, profit drops
Sinclair Broadcast Group Inc., of Hunt Valley, saw its second-quarter earnings plummet 40 percent but still beat Wall Street’s forecast.
