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The Baltimore Sun | April 8, 2012
First Mariner Bank, the Baltimore-based institution that is under regulatory oversight, has acquired 1.8 million shares in Cecil Bancorp Inc., according to documents filed Friday with the Securities and Exchange Commission. The purchase represents a nearly 25 percent stake in Elkton-based Cecil Bancorp, the parent of Cecil Bank.
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NEWS
The Baltimore Sun | April 8, 2012
First Mariner Bank, the Baltimore-based institution that is under regulatory oversight, has acquired 1.8 million shares in Cecil Bancorp Inc., according to documents filed Friday with the Securities and Exchange Commission. The purchase represents a nearly 25 percent stake in Elkton-based Cecil Bancorp, the parent of Cecil Bank.
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BUSINESS
By Gus G. Sentementes, The Baltimore Sun | March 11, 2011
Medifast Inc., an Owings Mills company that sells weight-loss control programs, said Friday that it delayed filing its fourth-quarter financial results with the Securities and Exchange Commission – a disclosure that caused its share price to plummet 24 percent. Medifast said in a statement that it expects to release its financial results for the fourth quarter and full year of 2010 by the end of this month, after needing additional time "to review the recognition of certain expenses in prior periods.
NEWS
By Gus G. Sentementes and Steve Kilar, The Baltimore Sun | January 5, 2012
Baltimore's Millennial Media Inc., one of the dominant companies in the rapidly growing field of mobile advertising, plans to raise $75 million in a public stock offering — money it will use to expand its operations overseas and go head-to-head against Google and Apple, according to a securities filing Thursday. Founded five years ago, Millennial Media's revenues have grown steadily, and it has attracted $65 million in venture capital to fuel its early expansion. Millennial's revenues grew from $1.5 million in 2007 to $69 million in the first nine months of 2011, according to its filing with the Securities and Exchange Commission.
NEWS
By Gus G. Sentementes and Steve Kilar, The Baltimore Sun | January 5, 2012
Baltimore's Millennial Media Inc., one of the dominant companies in the rapidly growing field of mobile advertising, plans to raise $75 million in a public stock offering — money it will use to expand its operations overseas and go head-to-head against Google and Apple, according to a securities filing Thursday. Founded five years ago, Millennial Media's revenues have grown steadily, and it has attracted $65 million in venture capital to fuel its early expansion. Millennial's revenues grew from $1.5 million in 2007 to $69 million in the first nine months of 2011, according to its filing with the Securities and Exchange Commission.
NEWS
By Jenn Topper and S. Derek Turner | November 6, 2013
So far this year, 223 local TV stations have changed hands. This is the biggest wave of media consolidation ever - and it's all happening in small and mid-level markets, involving companies most people have never heard of. Leading this wave is Hunt Valley-based Sinclair Broadcast Group. Sinclair alone is behind seven deals this year, including a $985-million deal to buy nine stations from Allbritton Communications. But it's not alone; other media companies are also racing to gobble up stations.
BUSINESS
March 1, 1994
Stake bought in Baltimore BancorpA New York financier has purchased a 5 percent stake in Baltimore Bancorp Inc., which announced in late January that several potential buyers are examining its books. Leon Cooperman, of Omega Advisors Inc., purchased 838,100 shares in January and February for $15.69 to $17.19 a share, according to yesterday's filing with the Securities and Exchange Commission.@
BUSINESS
By TRICIA BISHOP and TRICIA BISHOP,SUN REPORTER | May 11, 2006
Some early investors in Under Armour Inc., including its founder and chief executive, are planning to sell $283 million in stock in their first major cashing-in since taking the Baltimore athletic-wear company public last year. In a filing with the Securities and Exchange Commission yesterday, Under Armour reported that investors plan to offer 6.8 million shares at $36.06, with more than 1 million additional shares available if the deal's underwriters should ask for them. CEO Kevin A. Plank, the former University of Maryland football player who created the company's sweat-resistant clothing, plans to sell 1.5 million shares, or about 10 percent of his holdings, for $54.1 million.
BUSINESS
By BLOOMBERG NEWS | October 21, 1997
NEW YORK -- Ernst & Young LLP and KPMG Peat Marwick LLP said yesterday that they will merge, forming the world's largest accounting and consulting firm.The companies expect the merger to be completed by the start of next year. The merged company, which has not yet been named, will operate in 135 countries.The two firms are combining as mergers sweep the financial services industry. Banks, brokers, insurers and accountants are trying to boost profits and slash expenses by combining."The real emphasis now is to service the needs of global companies wherever they want to go in the world," said Stephen Butler, chairman and chief executive officer of the U.S. operations of KPMG, who will be the CEO of the new firm's U.S. operations.
NEWS
May 21, 1991
The Securities and Exchange Commission agreed yesterday to permit the New York Stock Exchange to extend its hours of trading beyond the 4 p.m. bell.The Big Board had sought the extended trading hours as a first step in its plan to offer 24-hour trading ultimately. It made the request because it has been losing market share to other exchanges in the U.S. and abroad.Details on Page 13B
BUSINESS
By Gus G. Sentementes, The Baltimore Sun | March 11, 2011
Medifast Inc., an Owings Mills company that sells weight-loss control programs, said Friday that it delayed filing its fourth-quarter financial results with the Securities and Exchange Commission – a disclosure that caused its share price to plummet 24 percent. Medifast said in a statement that it expects to release its financial results for the fourth quarter and full year of 2010 by the end of this month, after needing additional time "to review the recognition of certain expenses in prior periods.
BUSINESS
August 10, 1993
Iacocca sells shares for $56 millionLee Iacocca, who pocketed tens of millions of dollars in salary and stock bonuses during his 13-year reign as chairman of Chrysler Corp., is selling almost half his stake in the automaker.The retired chairman said in a filing with the Securities and Exchange Commission that he is selling 1.2 million shares for approximately $56.5 million. Iacocca gave no reason for the sale. The sale was to have taken place last week.
BUSINESS
October 26, 1993
Resorts files reorganization planMerv Griffin's Resorts International Inc. said it filed a prepackaged reorganization plan with the Securities and Exchange Commission.Under the bankruptcy plan, the company would transfer its resort on Paradise Island, Bahamas, cash, new secured debt and about 40 percent of the company's equity to its debt holders. In return, the holders will cancel $482 million in notes and accrued interest owed them by Resorts International.
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