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Ground Up Podcast: Maryland Opportunity Zones boon or false hope?
https://soundcloud.com/the-daily-record-md/ground-up-podcast-opportunity-zones-present-potential-and-challenges Opportunity Zones present a tantalizing chance for downtrodden areas of Maryland to lure investment. But there are some concerns about who will benefit, and the type of development they’ll spur.
Judge dismisses Under Armour shareholder lawsuits
A federal judge has dismissed two lawsuits brought by Under Armour shareholders against the company, finding the complaints were either time-barred or failed to adequately allege that the company intentionally misled about sales and future profits.
Uber: $40B in value?
Bloomberg News reports the company is raising funds that could raise it's value higher than 75 percent of the Standard & Poor's 500 Index members.
Finding Baltimore
How Oriental Dolphins overseas marketing director explains where Baltimore is located to Chinese investors.
Verizon has biggest bond sale in history
NEW YORK — Verizon raised $49 billion on Wednesday in the largest corporate bond deal ever. The sale dwarfs the previous record, Apple’s sale of $17 billion in bonds in April, and proceeds from the sale on Wednesday will help Verizon buy the rest of its U.S. wireless business from partner Vodafone. The record sale […]
Investors, venture firms fund Riskive
Riskive, a Baltimore-based social risk management company, said it has secured $2.2 million in seed funding from Genacast Ventures — a fund formed in partnership with Comcast Ventures — and Core Capital, along with a group of individual investors.
Bernanke says Fed increasing financial monitoring
The Federal Reserve has broadened its oversight beyond banks and now monitors a wide-range of financial institutions that could hasten another financial crisis, Chairman Ben Bernanke said Friday. Bernanke said the Fed is still monitoring banks and other systematically important financial institutions. But it has widened its scope to include other important participants that could […]
S&P 500 closes at a record high, beating ’07 mark
NEW YORK — The stock market has reached another milestone. The Standard & Poor’s 500 index closed at a record high Thursday, beating the mark it set in October 2007, a year before the peak of the financial crisis. The S&P rose six points to 1,569, a gain of 0.4 percent, beating its previous record […]
Equity investing focus of Legg study
A new study of 500 affluent U.S. investors released by global asset management firm Legg Mason Inc., of Baltimore, found almost three-quarters (74 percent) feel “now is a good time to be invested in equities.”
Citigroup to pay $730 million to settle lawsuit
NEW YORK — Citigroup has agreed to pay $730 million to settle a class-action lawsuit that claimed investors were misled by the bank’s disclosures when they purchased its debt and preferred stock. The investors’ purchases were made from May 11, 2006 through Nov. 28, 2008. Citigroup Inc. denied the allegations and said in a statement […]
Marriott Vacations drops as forecast disappoints
ORLANDO, Fla. — Marriott Vacations Worldwide lost money in its fourth quarter, partly weighed down by lawsuit settlements and some charges. Its adjusted results and revenue topped Wall Street’s view, but its 2013 forecast disappointed. Shares of the timeshare company — which went public in November 2011 — slid nearly 13 percent in Thursday afternoon […]
Kevin Fusco: Why persistent lack of faith in the market?
The New Year has started with a bang for equity investors; it’s just a shame there aren’t that many around anymore. Still shell-shocked from the credit crisis and bear market of 2008, many longtime stalwarts of equity investing are resolutely sitting on the sidelines, convinced that the recovery is fragile and that stocks are due […]
