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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.
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 BLOOMBERG NEWS | March 11, 2003
NEW YORK - KPMG LLP agreed yesterday to pay $200 million to settle lawsuits filed by shareholders of Rite Aid Corp. and Oxford Health Plans Inc. accusing the third-largest accounting firm of misstating the companies' finances. KPMG, the former auditors for Rite Aid, the No. 3 drugstore chain, denied wrongdoing in both settlements, saying that it was settling them to avoid protracted litigation costs and "for practical business reasons." Rite Aid's shareholders will get $125 million and Oxford's will get $75 million in the settlements.
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
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.
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
By Bloomberg Business News | June 14, 1992
WASHINGTON -- Schult Homes Corp. of Middlebury, Ind., filed with the Securities and Exchange Commission to sell about $20 million of common shares to the public.The company, the nation's oldest producer of factory-built homes, filed to sell 1.45 million common shares.Schult Homes will use the proceeds to expand its production and sale of modular homes and possibly to develop a consumer financing capability, the company said.
BUSINESS
October 23, 1991
J. Carter Beese Jr., a principal at Baltimore-based Alex. Brown & Sons Inc., was nominated by President Bush yesterday to be one of five members of the Securities and Exchange Commission, the federal agency that sets disclosure rules for publicly traded companies.Mr. Beese, 35, would fill a seat on the Securities and Exchange Commission that was left vacant during the summer by Philip R. Lochner Jr., who returned to his former employer, Time Warner Inc.If confirmed by the Senate, he would serve a five-year term set to expire June 5, 1996.
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