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Swiss bank UBS to cut 10,000 jobs, or 16% of workforce, by 2015
Swiss bank UBS will cut 10,000 jobs as it exits from its fixed-income trading business and tries to cut costs and concentrate on wealth management. The Zurich, Switzerland-based institution, which stated that it is “significantly reshaping its...
Tags: Kweku Adoboli, Zurich (Swiss Confederation), Economy, Business and Finance, UBS AG, Investments
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In national initiative, feds have charged more than 500 for mortgage crimes -- two in Maryland
The Baltimore SunFederal prosecutors across the country have charged more than 500 people with crimes related to mortgage fraud as part of a year-long program that ended last month, U.S. Attorney General Eric Holder announced Tuesday. The Distressed Homeowner...Tags: Prosecution, Defendants, Trials, Punishment, Foreclosures
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CEO pay rises at most local public companies
As pay raises go, it's hard to beat a fivefold increase. That's the jump Hunt Valley-based Omega Healthcare Investors' CEO saw in compensation last year. After getting a thumbs down for its executive pay from a shareholder advisory firm, the company told...
Tags: Nursing Homes, Pension and Welfare, CEO Pay, Investments, Stock Market
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Norhurst Inc. expanding in Danville, bringing more than 100 jobs
Norhurst Incorporated has purchased the former Dan River Executive Campus in Danville. Friday morning, the company announced it will expand its operations in Danville and relocate several key positions from northern Virginia. A news release from the City...
Tags: Economy, Business and Finance, Companies and Corporations, Investments
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Business Briefs - Sept. 23
J. Edward Cochran & Co., Keller Stonebraker Insurance Inc. Two of the oldest insurance brokerage firms in Maryland have merged their businesses. Keller Stonebraker Insurance Inc., founded in 1901, and J. Edward Cochran & Co., founded in 1918, combined...Tags: Ellicott City, Arts and Culture, Economy, Business and Finance, Cumberland (Allegany, Maryland), Companies and Corporations
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Verdugo Hills Hospital hopes for a boost
Local business and medical professionals are hopeful that the planned merger of Verdugo Hills Hospital into USC's Keck Medical Services will bring an infusion of resources to the facility on Verdugo Boulevard. Wes Seastrom, chairman of the La Caņada...
Tags: Environmental Issues, Health and Medical Professionals, Economy, Business and Finance, Internists, Wildlife
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Florida regains its Top 10 status in attracting venture capital
Florida is back in the top 10 states for winning venture capital investment with South Florida enjoying half the money, according to Florida Chief Financial Officer Jeff Atwater. From April to June, $94.8 million was invested in 11 business ventures in...
Tags: Boca Raton, Miami (Miami-Dade, Florida), Economy, Business and Finance, Sunrise (Broward, Florida), Companies and Corporations
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Letter to the Editor - Aug. 7
Glass-Steagall wouldn’t have saved us from banking crisis To the editor: Allan Powell highlights one of economist Paul Krugman’s assertions that many of our current financial woes were caused by the repeal of the Glass-Steagall Act....Tags: Countrywide Financial Corp., Federal Reserve, Fannie Mae, Economy, Business and Finance, Bank of America Corp.
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Albert C. Haeger, broker
Albert C. Haeger, a veteran customhouse broker and freight forwarder who owned and operated the old William H. Masson Inc. brokerage, died Aug. 3 of pancreatic cancer at his Bel Air home. He was 85.
The son of a merchant marine engineer and a homemaker,...Tags: Harley-Davidson Inc., Religion and Belief, Economy, Business and Finance, Pancreatic Cancer, Manhattan (New York City)
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Business People - Aug. 12
Winchester Medical Center WINCHESTER, Va. — Hagerstown native Dr. Kenneth Saum joined the Winchester Medical Center medical staff as the medical director of thoracic surgery. A graduate of the Medical College of Virginia/Virginia Commonwealth...
Tags: Lung Cancer, University of Maryland Medical Center, Surgery, Oncology, Economy, Business and Finance
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Act now to expand gaming in Maryland
Maryland's casinos need table games to compete with neighboring states. And we need them as soon as possible. Some believe our state has the luxury of waiting until the state's current casino program is fully up and running. A recent editorial in The Sun...
Tags: Anne Arundel County, Regulatory Policy and Organizations, Investments, Consumer Goods Industries, Washington, DC
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Florida's tax break often helps companies do already-planned work
More than two years ago, Florida lawmakers agreed to pay CSX Corp. more than $400 million to acquire the tracks needed for Central Florida's planned SunRail commuter train. As part of the deal, CSX said it would reinvest the money in several rail projects...Tags: Tampa Electric Company, Mosaic Co., State Income Tax, Crime, Law and Justice, Investments
Oct 30, 2012
|Story| Los Angeles Times
Oct 10, 2012
|Story| Baltimore Sun
Oct 7, 2012
|Story| Baltimore Sun
Sep 28, 2012
|Story| WDBJ7
Sep 23, 2012
|Story| Herald Mail
Jul 28, 2012
|Story| LA Canada
Aug 2, 2012
|Story| South Florida Sun-Sentinel
Aug 7, 2012
|Story| Herald Mail
Aug 10, 2012
|Story| Baltimore Sun
Aug 12, 2012
|Story| Herald Mail
Jul 4, 2012
|Story| Baltimore Sun
Jul 7, 2012
|Story| Orlando Sentinel
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