Legg Mason Inc. reported assets under management in February 2013 totaled $661 billion, a 3.6 percent increase over the $638 billion that the company reported in February 2012.

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WASHINGTON — U.S. orders for machinery and other factory goods that signal business investment surged in January, indicating confidence in the economy. The Commerce Department said Wednesday orders for so-called core capital goods, which also include equipment and computers, rose ...

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CHICAGO — Online deals company Groupon Inc. posted a larger fourth-quarter net loss on Wednesday, and its weaker than-expected revenue outlook sent its shares down 24 percent after-hours. The guidance fueled investor worry that people are tiring of the myriad ...

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SC&H Capital, of Sparks, an investment banking and advisory firm to middle-market businesses, announced that it served as financial advisor to Hunt Valley-based EMG Corp., a provider of real estate intelligence services, in EMG's acquisition of NVT Technologies Inc.

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NEW YORK — Lockheed Martin Corp. will pay $19.5 million to settle a lawsuit claiming that the defense contractor misled investors. The company disclosed the settlement in a filing Tuesday with the U.S. District Court in New York. Lockheed denied ...

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BOSTON — Fidelity Investments is trimming fees at its largest index mutual funds and making some of its lowest-cost options accessible to a larger number of fund shareholders, including those with as little as $2,500 to invest. The moves announced ...

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A Baltimore County-based investment adviser is suing his attorneys for $215 million after agreeing to pay more than $750,000 to settle an action that accused him of violating state securities regulations.

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BOSTON — College savings plans offered through the states of Alaska, Maryland, Nevada and Utah earned top marks from Morningstar Inc. in the company’s annual update to ratings of so-called 529 plans. Another four plans received second-rung silver-medal ratings from ...

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Maryland lost 4.71 percent, or 6,494, of its small businesses from 2007 to 2010, a decrease that one fiscal policy group chalks up to the state’s tax increases. But some economic experts say that is only part of the answer.

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BEIJING — China’s government said Monday it will launch projects to attract private investment in energy, health and other industries as it tries to reverse an economic slump. The Cabinet announcement adds to a flurry of efforts to stimulate growth ...

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