April 2, 2010
Baltimore-based FTI Consulting Inc. said Thursday that it is expanding in Asia with the acquisition of a Hong Kong firm. Like FTI, Baker Tilly Hong Kong Business Recovery Ltd. specializes in forensic accounting, litigation support and corporate restructuring. FTI, which did not disclose what it is paying, said the firm will change its name to FTI Consulting (Asia) Ltd. - Jamie Smith Hopkins
April 19, 2010
Hebron Savings Bank, a company based on the Eastern Shore, said Monday it would buy the Salisbury branch of Bay National Bank for an undisclosed amount. Lutherville-based Bay National is selling the branch's $21 million deposit base and about 36 percent of its total loans to Hebron, according to a regulatory filing. The deal, which is subject to regulatory approval, would close by the end of September, the two companies said. Bay National has been operating under federal oversight since last year as it tries to recover from losses on bad mortgage loans.
April 9, 2010
CDs were the new vinyl. Then, mp3s were the new CDs. These days, vinyl is the new mp3. At many dance nights around Baltimore, DJs are increasingly spinning vinyl 45s instead of CDs or mp3s. Patrick "DJ Action Pat" Griffin, who regularly plays Save Your Soul at Lithuanian Hall, has been collecting vinyl for the past 10 years. His collection, which numbers about 4,000, is heavy on soul, R&B and rock ‘n' roll from the ‘50s. Over time, Griffin has developed strategies for where to find the most obscure records, and how much to pay. Here are his tips for aspiring vinyl collectors.
April 26, 1992
Many companies allow investors to buy shares directly without a commission. Here's a list:American Recreation CentersCentral Vermont Public Service (Initial purchase permitted in over half of the states)Citizens First BancorpExxonR. GraceJohnsons ControlsKrogerMadison Gas & ElectricMobilProcter & GambleQuestarTexacoThese companies allow customers of the company -- or, in som cases, residents of company's home state -- to buy shares without a commission.Bancorp HawaiiCenterior EnergyCentral Maine PowerDuke PowerFlorida ProgressHawaiian Electric IndustriesMinnesota Power & LightNational Community BanksNevada PowerPhiladelphia SuburbanPuget Sound Power & LightSouthwest GasUnion ElectricSOURCE: Charles B. Carlson, editor of the Dow Theory Forecasts newsletter and the book "Buying Stocks Without a Broker" ($16.
July 17, 1992
There is an emotional trait that causes some investors to buy certain stocks at exactly the wrong time -- after long price run-ups. Sharp gains in share prices whet one's buying appetite but in reality, most of the quick price gains are supported by little more than rumors and hopes and not by solid reasons.A recent example is what happened to the share price of the GEICO Corp., a large insurance company headquartered in Chevy Chase.GEICO shares, which were split 5 for 1 about two months ago, were trading after the split at near 50, having run up sharply prior to the split and accompanying dividend increase.
November 6, 1994
How long does it take to buy a house?Buying a house can take anywhere from a few days to a few years. In most cases, the process will take several months of diligent effort.There are two major phases to buying a house. First you need to find a house to buy. Once you find a house and negotiate a mutually satisfactory purchase contract with the seller, the next part of the process involves satisfying the terms of the purchase agreement so that title to the property can be transferred to the buyer.