Business Digest


March 04, 2009

Reisterstown to get retail, office center

Baltimore-based developer St. John Properties said yesterday that it plans to build a 100,000-square-foot office and retail development on 10 acres in Reisterstown near the top of Interstate 795. Construction will start this spring on Reisterstown Crossing, which will include two office buildings and a 13,000-square-foot retail center that will front on Route 140.

Lorraine Mirabella

Obama: Stocks are a 'potentially good deal'

WASHINGTON : President Barack Obama offered some investing advice yesterday, saying that stocks are becoming a "a potentially good deal" for those willing to think long term. The White House later cautioned people not to read too much into the statement. The Dow Jones industrial average fell again yesterday after plunging on Monday to its lowest level in more than 11 years.

Associated Press

Citigroup to offer help on some mortgages

NEW YORK : Citigroup Inc. has announced a plan to help recently unemployed borrowers who are delinquent on their mortgages stay in their homes. "Thousands" might be eligible to take part in the Homeowner Unemployment Assist program in the next two years, Citigroup said. Borrowers will be allowed to pay reduced mortgage payments for three months.

Market Watch

Geithner emphasizes fiscal sustainability

WASHINGTON: Less than a week after proposing a record budget deficit, President Barack Obama's budget officials said yesterday that Washington can't keep spending more than it takes in. Treasury Secretary Timothy Geithner and Budget Director Peter Orszag said government must step in to aid the private sector but must in the longer term balance costs and benefits.

Market Watch

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