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By Peter Schmuck and The Baltimore Sun | March 1, 2014
There was a bit of a buzz around the Orioles complex Saturday over comments by New York Yankees general manager Brian Cashman that essentially dismissed the team's surprising 2012 season as a statistical fluke.  "The run differential is more reflective of the talent on the field. When you overperform, like the Orioles did [in 2012], you realize that's more of an anomaly," Cashman told the New York Post on Tuesday. "And last year was a market correction. " The comments blew up on Oriole message boards over the past few days, but the club has been dealing with the passing of public relations director Monica Pence Barlow and has remained largely silent about Cashman's comments.
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SPORTS
By Peter Schmuck and The Baltimore Sun | March 1, 2014
There was a bit of a buzz around the Orioles complex Saturday over comments by New York Yankees general manager Brian Cashman that essentially dismissed the team's surprising 2012 season as a statistical fluke.  "The run differential is more reflective of the talent on the field. When you overperform, like the Orioles did [in 2012], you realize that's more of an anomaly," Cashman told the New York Post on Tuesday. "And last year was a market correction. " The comments blew up on Oriole message boards over the past few days, but the club has been dealing with the passing of public relations director Monica Pence Barlow and has remained largely silent about Cashman's comments.
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BUSINESS
By Julius Westheimer | October 1, 1999
ALTHOUGH YOU can make 1999 IRA contributions until April 17, make them now to take fuller advantage of the tax-free growth of IRAs, advises "Moneyline News Hour.""Congress may raise the amount you may set aside in a 401(k) retirement plan. One proposal allows increasing an employee's maximum deferral from $10,000 to $15,000 a year." (Ellin & Tucker newsletter)WALL STREET WATCH: "Stocks [are] still overvalued; conditions ripe for the market correction to continue." (Sung Won Sohn, chief economist, Wells Fargo & Co.)
NEWS
August 8, 2012
If Maryland legislators are looking for a sign to tell them whether to support Gov. Martin O'Malley's plan to expand the state's gambling program to include a sixth casino, they got it this week when Penn National Gaming asked if it could give back a third of the slot machines at its Hollywood Casino in Perryville. That facility had been reeling since a new competitor,the Cordish Cos. Maryland Live, opened in June, and Penn National officials said having fewer machines would save them money and make the casino look a little less depressingly empty for those who still gamble there.
BUSINESS
By Julius Westheimer | August 25, 1999
SHOULD YOU invest in large- or small- capitalization stocks?"Investors will do best buying large-cap stocks," says successful adviser Laszlo Birinyi. "My favorite areas are financial services, manufacturing, retail, technology and utilities."Birinyi's choices include America Online Inc., BellSouth Corp., Deere & Co., the Gap Inc., General Dynamics Corp., Goodyear Tire & Rubber Co., Texas Utilities Co. and United Technologies Corp.TAX SAVER: "You can pay for anyone's education without owing gift taxes if payments are made directly to the school and are used for tuition and books, not room and board.
BUSINESS
By JULIUS WESTHEIMER | June 2, 1999
HERE ARE SOME of the smartest ways to increase value from your investments: "Although cyclical `value' stocks are unpopular, many are good values these days," says contrarian David Dreman. "Investing in companies with low price-earnings ratios is the smartest way to go.""Sure, tax-free municipal bonds are confusing, but get to know them. They provide safety -- especially in a `nosebleed' market like this one, and you'll never share your profits with Uncle Sam." (Working Woman)"Find companies that raise payouts frequently.
BUSINESS
By Kevin L. McQuaid and Kevin L. McQuaid,Sun Staff Writer | July 20, 1995
Legg Mason Inc. yesterday reported record revenues of $111.3 million in the quarter that ended June 30, driven up by surges in commissions and its investment advisory business.The Baltimore-based brokerage firm's net income also jumped during its 1995 first quarter to $7.8 million, a 56 percent gain over the corresponding period last year. Primary earnings per share rose at about the same rate, to 61 cents per share vs. 40 cents last year.The $111.3 million posted in revenues represents a 24 percent increase from the $89.8 million generated in Legg Mason's first fiscal quarter of 1994.
BUSINESS
By Andrew Leckey and Andrew Leckey,Tribune Media Services | March 23, 1994
Test your worldwide investment knowledge.Guess the name of a great country for investment that is attracting foreign dollars because its corporate earnings are getting stronger each quarter, its interest rates aren't likely to go much higher and its currency is stable.The answer is: The United States of America.Coming amid both the desperate worry about a domestic market correction and the rush to invest in foreign mutual funds, that response may sound mildly laughable.But Louis Navellier, editor of the 17,000-circulation MPT Review investment letter and manager of more than $900 million in pension and other account money, maintains that it's true.
BUSINESS
By Andrew Leckey and Andrew Leckey,Tribune Media Services | February 24, 1993
The overachievers in the newsletter industry are taking a cautious attitude toward the rest of 1993."The investment-letter industry isn't terribly bullish right now," observes Mark Hulbert, editor of the Hulbert Financial Digest, which tracks the nation's investment letters. "While markets may actually do well in 1993, many editors have an eye on the exit."Even before the recent volatility, tied to President Clinton's tax plans, a number of star editors were figuring a market correction into their forecasts.
BUSINESS
By Andrew Leckey and Andrew Leckey,Tribune Media Services | July 9, 1993
The stock mutual fund is still mightier than the bank certificate of deposit or the money-market fund. That is, until a stock market correction occurs.In the first half of 1993, the average stock fund gained 4.58 percent. While decidedly unexciting compared with some of the returns of the recent past, that's still a normal range by longer-term historical standards.And, with the low yields on fixed-rate investments slipping, that return really doesn't look half bad.There have been a few pockets of excitement.
BUSINESS
By Andrew Leckey and Andrew Leckey,Tribune Media Services | June 24, 2007
For investors, the second half of the year won't exactly be coasting. Subprime mortgage concerns, speculation about interest rates and the early maneuverings of presidential campaigns will influence stock market psychology. There is optimism about the economy and company profits. But it is tempered by the reality that a rambunctious stock market's stellar days are just as capable of sliding into the negative. Mention the possibility of hurricanes affecting the energy pipeline or Asian markets experiencing a sharp correction, for example, and the mood immediately turns somber.
BUSINESS
By Julius Westheimer | October 1, 1999
ALTHOUGH YOU can make 1999 IRA contributions until April 17, make them now to take fuller advantage of the tax-free growth of IRAs, advises "Moneyline News Hour.""Congress may raise the amount you may set aside in a 401(k) retirement plan. One proposal allows increasing an employee's maximum deferral from $10,000 to $15,000 a year." (Ellin & Tucker newsletter)WALL STREET WATCH: "Stocks [are] still overvalued; conditions ripe for the market correction to continue." (Sung Won Sohn, chief economist, Wells Fargo & Co.)
BUSINESS
By Julius Westheimer | August 25, 1999
SHOULD YOU invest in large- or small- capitalization stocks?"Investors will do best buying large-cap stocks," says successful adviser Laszlo Birinyi. "My favorite areas are financial services, manufacturing, retail, technology and utilities."Birinyi's choices include America Online Inc., BellSouth Corp., Deere & Co., the Gap Inc., General Dynamics Corp., Goodyear Tire & Rubber Co., Texas Utilities Co. and United Technologies Corp.TAX SAVER: "You can pay for anyone's education without owing gift taxes if payments are made directly to the school and are used for tuition and books, not room and board.
BUSINESS
By JULIUS WESTHEIMER | June 2, 1999
HERE ARE SOME of the smartest ways to increase value from your investments: "Although cyclical `value' stocks are unpopular, many are good values these days," says contrarian David Dreman. "Investing in companies with low price-earnings ratios is the smartest way to go.""Sure, tax-free municipal bonds are confusing, but get to know them. They provide safety -- especially in a `nosebleed' market like this one, and you'll never share your profits with Uncle Sam." (Working Woman)"Find companies that raise payouts frequently.
NEWS
By William Pfaff | May 12, 1998
PARIS -- A friend said to me the other day that the word "crash" no longer is part of the American vocabulary. We only know stock market "correction," and corrections have just to be waited out.He explained that the stock market only goes up because immense popular and political interests, as well as corporate interests, are today committed to its rise. His implied argument was that the U.S. government has no choice but to make it go up.It struck me, as he was speaking, that this might have been what Jay Gatsby was saying to his friends during the luxurious summer of 1929, a few months before Gatsby disappeared off the end of that dock in West Egg, on Long Island Sound, or went back to the Midwest -- which, for Gatsby, would have been worse.
BUSINESS
By Kevin L. McQuaid and Kevin L. McQuaid,Sun Staff Writer | July 20, 1995
Legg Mason Inc. yesterday reported record revenues of $111.3 million in the quarter that ended June 30, driven up by surges in commissions and its investment advisory business.The Baltimore-based brokerage firm's net income also jumped during its 1995 first quarter to $7.8 million, a 56 percent gain over the corresponding period last year. Primary earnings per share rose at about the same rate, to 61 cents per share vs. 40 cents last year.The $111.3 million posted in revenues represents a 24 percent increase from the $89.8 million generated in Legg Mason's first fiscal quarter of 1994.
BUSINESS
By Julius Westheimer | April 16, 1992
Following Tuesday's 36-point surge, the Dow Jones average added 48 more points yesterday, closing at a record 3,353.76. Most observers believe lower interest rates, improved IBM earnings and investors "jumping on the bandwagon" triggered the latest rally.WALL ST. WATCH: "Federal Reserve easing has certainly restored investors' confidence." (Geoffrey Dennis, investment strategist). . . . "Tiny Fed easing won't reverse the market correction." (Allen Sinai, economist). . . . "Don't be fooled by strength of 30 Dow Jones stocks.
BUSINESS
By New York Times News Service | March 30, 1994
NEW YORK -- For the stock market, the last four days of falling prices have been a sickening trip back in time, with yesterday's drop the biggest.The latest slide capped an eight-week decline that has wiped out most, if not all, of the gains this year -- as much as 7 cents on the dollar.And many on Wall Street say the decline could go far beyond the relatively benign 10 percent "market correction" that has been widely predicted since the Federal Reserve raised interest rates in February.Many investors have been looking forward to such a correction, in effect a 10 percent-off sale, which would take the Dow to 3,580, a level not seen since early October 1993.
BUSINESS
By New York Times News Service | April 22, 1994
NEW YORK -- U.S. stock prices surged yesterday in extremely heavy trading after a three-day slump that had decimated many technology stocks. The market was aided by a strong rally in the bond market and powerful first-quarter earnings by IBM and other blue-chip stocks.The Dow Jones industrial average rose 53.83 points, to 3,652.54, and the broader Standard & Poor's 500 rose 6.77 points, to 448.73.But it was the Nasdaq composite index, heavy with battered technology stocks, that rose the most, up 13.22 points, to 718.74.
BUSINESS
By Julius Westheimer | April 14, 1994
Staging a partial comeback after an early afternoon 50-point sell-off, the Dow Jones industrial average fell 20.22 points yesterday and closed at 3,661.47. Despite some recent nerve-wracking plunges, the Dow index is now down only 92 points, or 2.5 percent, from its New Year's Day level.NO PANIC HERE: The Rothschild Co., a leading Baltimore advisory firm, sends a reassuring letter to clients. Excerpts: "Bond investors were 'spooked' by the recent Federal Reserve decision to moderately tighten short-term rates . . . The bond market decline, which produced higher interest rates, caused considerable concern among equity investors, who quickly locked in profits from the three-year bull market . . . Concerns of accelerating inflation appear overblown . . . Our strategy is to 'Stay the Course' . . . We are either adding to existing holdings or purchasing stocks of companies which will produce above-market earnings growth but which are selling at reduced earnings multiples . . . We continue to approach our task in the same manner as in all uncertain times.
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