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By Diane Pajak | June 6, 2011
Maryland-made one-of-a-kind art, jewelry and other unique items stock the shelves at love & glitter - a boutique on Main Street in Historic Ellicott City. “Everything in the store is handmade,” says owner Leslie Putman. She and her husband, co-owner Andrew, add to the inventory with their own jewelry designs, which she says entail “sparkle, shine, glitter and glitz.” “Our jewelry has resin with charms and beads for sparkle, glass and found images of one-of-a-kind for the shine, one-of-a-kind microglitter, and washers - hardware wrapped with beads and colored artist's wire - for the glitz,” she summarizes.
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BUSINESS
By Natalie Sherman and The Baltimore Sun | September 15, 2014
Boutique investment firm Hardesty Capital Management moved this month from its longtime home in Mount Vernon to a new office in Hunt Valley, which it said offers more modern conveniences and room to grow, while being closer to its customer base of wealthy Maryland families. The firm has looked to add clients, even as the rising stock market has helped drive its assets under management to more than $900 million, a record for the business. President Chad Meyer, who was hired as chief marketing officer last year, said the 14-person firm is looking to hire more people on the investment side to handle the increased funds, as well as staff that would help bring in business from other parts of Maryland and southern Pennsylvania.
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BUSINESS
February 23, 2010
NEW YORK - The stock market paused from a four-day rally Monday and closed modestly lower after big consumer companies gave a cautious outlook for economic growth. The market, which has advanced on stronger economic signs, fluctuated after Lowe's Cos. and Campbell Soup Co. reported higher earnings but reminded investors that a recovery among consumers is expected to be slow. -Associated Press
NEWS
August 21, 2014
The announcement this week that scientists from Aberdeen Proving Ground have successfully completed the destruction of Syria's most dangerous chemical weapons has left the whole world breathing a little easier. If nothing else it ensures these cruel instruments of mass destruction will never be used against the U.S. or its allies - or against the Syrian people, who have been the main victims of the country's four-year civil war, which already has claimed more than 100,000 lives. Make no mistake: Syrian President Bashar al-Assad didn't turn over his country's chemical weapons to international inspectors last year out of any humanitarian impulse.
BUSINESS
February 6, 2010
NEW YORK - A battered stock market recovered from a sharp drop in late trading Friday but still posted its fourth straight weekly drop. The Dow Jones industrials, down nearly 170 points in afternoon trading, clawed their way back to finish with a gain of 10. But more stocks fell than rose on the New York Stock Exchange. - Associated Press div.talkforum #creditfooter { display: none; } div.talkforum .feedItemAuthor { display: none; } div.talkforum div.feedburnerFeedBlock ul li span.
BUSINESS
February 20, 2010
NEW YORK - The stock market ended a strong week with modest gains after investors found good news in the Federal Reserve's decision to begin dismantling emergency lending measures for banks. Stocks initially fell in response to the Fed's announcement late Thursday that it is raising the rate it charges banks for emergency loans, known as the discount rate. Stocks turned higher in late-morning trading as investors saw the Fed's move as a vote of confidence that the financial system was recovering and that banks didn't need as much support.
BUSINESS
Jay Hancock | July 6, 2010
Senator Mikulski, you're supposed to buy low and sell high, not the other way around. You, too, Senator Cardin. Maryland's senators dumped stocks last year as the end of the world was forecast and the Dow Jones industrial average plunged below 6,600, according to recently available disclosures. Again showing the all-too-common weaknesses that can hurt a portfolio, Sen. Barbara Mikulski sold thousands of dollars in stocks almost exactly at the market's bedrock bottom in early March 2009.
BUSINESS
November 10, 2009
The Dow Jones average of blue-chip stocks rallied to its highest level in more than a year Monday after Group of 20 finance ministers and central bankers reassured investors this weekend that they would continue working to prop up world economies and keep interest rates low. The Dow rose 203.52 points, or 2 percent, to 10,226.94, which was its highest close in 13 months. Overall, five stocks rose for every one that fell on the New York Stock Exchange. Jim Paulsen, chief investment strategist at Wells Capital Management in Minneapolis, attributed the rally to recent better-than-expected economic reports, including companies beating profit expectations.
BUSINESS
By Eileen Ambrose, The Baltimore Sun | January 1, 2013
Despite all the cliff drama in the past week that sent stocks spiraling downward, all three major U.S. stock indices ended the year higher — which might come as a surprise to many investors U.S. stocks rallied Monday in the last hours of trading for 2012, as it appeared Washington lawmakers had reached a deal to prevent a combination of automatic spending cuts and tax increases known as the fiscal cliff. Despite the recent political drama that sent stocks spiraling downward, all three major U.S. stock indices ended the year higher — which might come as a surprise to many investors "If you just read the headlines and took people's pulse, you would think the market was down 5 to 10 percent," said Andy Brooks, head of U.S equity trading at Baltimore-based T. Rowe Price.
BUSINESS
By Bloomberg Business News | June 9, 1995
NEW YORK -- U.S. stocks were mixed yesterday in sluggish trading as gains in technology issues tempered concern about a slowdown in earnings growth.Shares of semiconductor and software companies continued an eight-month rally amid optimism that demand for their products will remain strong no matter how the economy fares. Takeover speculation after International Business Machines Corp.'s bid this week to acquire software company Lotus Development Corp. helped to fuel the advance."People are consuming more technology every single day, and that's not going to reverse itself," said Charles Crane, director of research at Spears, Benzak, Salomon & Farrell Inc., which manages $3.3 billion.
NEWS
By Matthew Hay Brown, The Baltimore Sun | August 18, 2014
A team of scientists from Aberdeen Proving Ground has completed the historic mission of destroying the most dangerous of Syria's declared chemical weapons stocks, Pentagon officials said Monday. Defense Secretary Chuck Hagel called Navy Capt. Rich Dromerhauser on Monday morning to congratulate the team of some 64 civilians and contractors aboard the MV Cape Ray, Pentagon spokesman Rear Adm. John Kirby said. The chemists and engineers from the Edgewood Area of Aberdeen Proving Ground worked for more than a month aboard the specially fitted container ship to neutralize 600 tons of chemicals, including the World War I blister agent sulfur mustard and the sarin precursor DF. Officials have said the first-ever shipboard destruction of the weapons, performed under heavy international guard in the Mediterranean Sea, could serve as a model for future efforts to eradicate chemical weapons from the world's arsenals.
NEWS
By D. A. Henderson | August 6, 2014
The only known stocks of the deadly smallpox virus are now kept in two designated research laboratories, one in Russia and one in the United States. This has troubled many who believe that destruction of the virus would provide greater assurance that it would never again threaten the world. Some scientists, however, insist that the intact smallpox virus is essential for their studies of new vaccines - even though the vaccines themselves are entirely different viruses. The decision to destroy the virus has thus been debated and postponed repeatedly in the World Health Assembly over the past 15 years.
NEWS
By Andy Kilianski | July 26, 2014
Since smallpox was eradicated from the human population in 1980, the only labs permitted and known to currently have stocks of the virus are the Centers for Disease Control in Atlanta, Ga., and VECTOR, a Soviet-era bioweapon lab that now carries out infectious disease research in Novosibirsk, Russia. The potential for the accidental or intentional release of smallpox from one of these locations created a discussion on whether these stocks should be maintained or destroyed to forever prevent smallpox from being reintroduced into the human population.
NEWS
June 25, 2014
In a little-heralded announcement earlier this week, the Organization for the Prohibition of Chemical Weapons declared that the Syrian government of Bashar Assad had handed over the last 1,300 tons of its declared chemical weapons stockpile to international inspectors. News reports indicate the Syrian stocks of nerve gas and other chemical agents were loaded aboard U.S. ships that will transport them out to sea where they will be destroyed. At a time when the world's attention has been focused on the escalating sectarian conflict spilling across Syria's border into Iraq, the news was one of the few bright spots in an otherwise grim situation.
NEWS
By Michael Bodley, The Baltimore Sun | June 10, 2014
First Mariner Bancorp corrected a week-old filing with the Securities and Exchange Commission to say that its stock would continue trading and likely be listed on the over-the-counter "Pink Sheets. " The parent company of 1st Mariner Bank said its June 3 SEC filing was inaccurate in a new filing on Monday. Last week, First Mariner reported to the SEC that its stock would stop trading after the Financial Industry Regulatory Authority warned the company that a failure to file a quarterly report by June 23 would result in the stock being delisted from the OTC Bulletin Board.
BUSINESS
By Jamie Smith Hopkins, The Baltimore Sun | June 3, 2014
First Mariner Bancorp's days of publicly traded stock are coming to an end. The Baltimore-based company said in a U.S. Securities and Exchange Commission filing Monday that it expects its stock will be delisted from the OTC Bulletin Board as soon as June 24, "at which point the Company anticipates that there no longer will be a trading market for the Common Stock. " First Mariner - which filed for bankruptcy protection in February and auctioned off 1st Mariner Bank to an investor group - said the Financial Industry Regulatory Authority warned that its stock would be removed from listing if it does not file a quarterly financial report by June 23. First Mariner says it doesn't intend to make that filing.
BUSINESS
By Julius Westheimer | December 22, 1999
ACCORDING to Money magazine, these are the stocks to watch in the new year: Duke Energy Corp., Citigroup Inc., Cardinal Health Inc., Bristol-Myers Squibb Co., Medtronic Inc., Lucent Technologies Inc., Qualcomm Inc. and Broadcom Corp. "Beware of mutual funds with over 20 percent of assets in one stock," warns Don Phillips of Morningstar Inc. "This leads to high volatility and big taxes if the fund trims holdings. It also defeats diversification." WALL STREET WATCH: "With the Fed likely to be on hold for two months, investors have a green light to commit more funds to stocks."
BUSINESS
By Julius Westheimer | February 16, 2000
ARE YOU avoiding value stocks because they're underperforming high-techs? "Value investing hasn't paid off the way it used to," says Kiplinger's Personal Adviser. "Investors ignored solid earnings in favor of fast-growing technology companies. But true bargains are underpriced businesses now on the mend. There is still money to be made in undervalued stocks." It suggests considering these stocks: Unisys Corp., Delphi Automotive Systems Corp., Comdisco Inc., Devon Energy Corp. and TJX Companies Corp.
BUSINESS
By Scott Dance, The Baltimore Sun | May 10, 2014
Millennial Media has long faced competition for advertising dollars from entrenched giants like Google and Apple, but it was another household name - Facebook - that took a bite out of the Baltimore company's earnings and sent its stock plummeting last week. The social network took the Baltimore-based company by surprise, grabbing a share of its customers who buy ads on mobile devices to drive downloads and draw users to their smartphone and tablet applications, analysts said. That contributed to a tripling of Millennial's first-quarter losses, announced Wednesday.
BUSINESS
By Scott Dance, The Baltimore Sun | April 29, 2014
Orbital Sciences Corp. and Alliant Techsystems Inc. said Tuesday that they plan to merge in a $5 billion deal, creating a new aerospace and defense company called Orbital ATK Inc. that will employ 4,000 people in Maryland and Northern Virginia. The top executives of both companies said they spent six months discussing the all-stock deal, calling it a "merger of equals" that complement each other's business. The new company will be based at Orbital's campus in Dulles, Va., and Orbital CEO David Thompson will lead it. Thompson and Mark DeYoung, CEO of ATK, said they don't foresee changes at major ATK operations in Maryland, including the company's defense group based in Canton and at offices focused on space and satellite business in Elkton and Beltsville.
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