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  • NEW YORK— Wall Street went wild for burgers Friday. It had initially forecast that its shares would fetch $14 to $16 per share from investors, and raised that prediction to $17 to $19 per share on Wednesday as demand grew. Its journey from a hot dog cart in Manhattan's Madison Square Park to Wall Street started in 2001. Three years later, Union Square Hospitality...

  • Legg Mason tops 3Q profit forecasts Friday, 30 Jan 2015 | 7:09 AM ET

    BALTIMORE _ Legg Mason Inc. on Friday reported fiscal third-quarter profit of $77 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 66 cents per share. Legg Mason shares have increased slightly more than 1 percent since the beginning of the year, while the Standard& Poor's 500 index has declined nearly 2...

  • British woman extradited to US can go home within weeks Thursday, 29 Jan 2015 | 2:00 AM ET

    GREENBELT, Md.— A British woman who with her husband lost a long and public fight against being extradited to the United States to face fraud charges will be able to return home within weeks. A judge on Thursday said Sandra Dunham, who pleaded guilty to stealing $1 million from a US-based electronics company, must serve 18 days of home confinement before she can...

  • T. Rowe beats Street 4Q forecasts Wednesday, 28 Jan 2015 | 7:48 AM ET

    BALTIMORE _ T. Rowe Price Group Inc. on Wednesday reported fourth-quarter profit of $312.1 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.13 per share. Analysts expected $1.01 billion, according to Zacks.

  • McCormick beats 4Q profit forecasts Wednesday, 28 Jan 2015 | 6:48 AM ET

    SPARKS, Md. _ McCormick& Co. on Wednesday reported fiscal fourth-quarter net income of $148 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share. Analysts expected $1.2 billion, according to Zacks.

  • The 2017 to 2022 drilling plan begins a process that could take many years before waters off the coasts of Virginia, North Carolina, South Carolina or Georgia are cleared for drilling. The administration canceled a lease sale there after BP Plc's deadly explosion and oil spill in the Gulf of Mexico that year. In addition, President Barack Obama took parts of...

  • Democrats put brakes on Iran sanctions bill Tuesday, 27 Jan 2015 | 10:20 AM ET

    WASHINGTON— Senate Democrats on Tuesday put the brakes on new Iran sanctions legislation, ending for now a looming showdown between Congress and President Barack Obama over negotiations to prevent Tehran from having the capability to make a nuclear weapon. At the same time, supporters of the bill say the letter signals the White House that Menendez and his...

  • Lockheed beats Street 4Q forecasts Tuesday, 27 Jan 2015 | 8:12 AM ET

    BETHESDA, Md. _ Lockheed Martin Corp. on Tuesday reported fourth-quarter earnings of $904 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $2.81 per share. Analysts expected $11.87 billion, according to Zacks.

  • Shore Bancshares posts 4Q profit Monday, 26 Jan 2015 | 5:13 PM ET

    EASTON, Md. _ Shore Bancshares Inc. on Monday reported fourth-quarter earnings of $1.2 million. Shore Bancshares shares have fallen slightly since the beginning of the year. Keywords: Shore Bancshares, Earnings Report.

  • KANSAS CITY, Mo.— Twenty-eight oil companies and retailers have agreed to settle litigation claiming customers were knowingly overcharged when gas station fuel temperatures rose, plaintiffs announced Friday. Federal officials earlier consolidated about 50 lawsuits filed since 2006 from consumers across the country in the U.S. District Court in Kansas...

  • WASHINGTON— U.S. home rental prices continued to climb at a modest pace in December, but rapidly escalating costs in cities such as San Francisco and Denver suggest that apartment dwellers are facing more financial pressure. Prices rose 3.3 percent in December compared with 12 months earlier, real estate data firm Zillow said Friday. Rental prices have risen 52...

  • WASHINGTON, Jan 22- Federal Reserve policymakers, already struggling to assure investors that they remain on track for a mid-year interest rate rise, will find the task has just become harder with their peers in Europe and elsewhere headed in the opposite direction. The European Central Bank's decision on Thursday to pump 60 billion euros a month into the...

  • Old Line Bancshares tops 4Q profit forecasts Thursday, 22 Jan 2015 | 4:54 PM ET

    BOWIE, Md. _ Old Line Bancshares Inc. on Thursday reported fourth-quarter earnings of $1.8 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 14 cents per share. Old Line Bancshares shares have dropped roughly 5 percent since the beginning of the year.

  • Wells Fargo, JPMorgan settle mortgage kickbacks probe Thursday, 22 Jan 2015 | 3:08 PM ET

    WASHINGTON— Wells Fargo and JPMorgan Chase have agreed to pay more than $35 million combined to resolve claims that loan officers at the two banks received kickbacks in exchange for steering mortgage borrowers to a Maryland title company. The Consumer Financial Protection Bureau said Thursday that JPMorgan and Wells Fargo each agreed to consent orders...

  • LONDON, Jan 22- European government borrowing rates plummeted to record lows, the euro weakened and stock markets rallied on Thursday after the European Central Bank launched a landmark bond-buying programme. The stubbornly stagnant euro zone economy and falling consumer prices in the currency bloc prompted the ECB to unveil a 60 billion euro a month...

  • Bill to leave cap-and-trade program sees little support Thursday, 22 Jan 2015 | 11:07 AM ET

    CONCORD, N.H.— There was little public appetite at a hearing Thursday for a bill that would pull New Hampshire out of a multistate effort to reduce carbon emissions. New Hampshire is one of nine states participating in the Regional Greenhouse Gas Initiative, a system where each state sells carbon emission allowances to producers. New Hampshire gets about $18...

  • Sandy Spring Bancorp misses Street 4Q forecasts Thursday, 22 Jan 2015 | 10:51 AM ET

    OLNEY, Md. _ Sandy Spring Bancorp Inc. on Thursday reported fourth-quarter earnings of $9.1 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 43 cents per share. Sandy Spring Bancorp shares have declined 4 percent since the beginning of the year.

  • LONDON, Jan 22- European government borrowing rates plummeted to record lows, the euro weakened and stock markets rallied on Thursday after the European Central Bank launched a landmark bond buying programme. The stubbornly stagnant euro zone economy and falling consumer prices in the currency bloc prompted the ECB to unveil a 60 billion euro a month...

  • NEW YORK, Jan 22- U.S. The ECB said it would buy government bonds from this March until the end of September 2016 despite opposition from Germany's Bundesbank and concerns in Berlin that it could allow spendthrift countries to slacken economic reforms. "It's pretty aggressive, slightly more than the market was looking for," said Wilmer Stith, a fixed income...

  • The Brookings Institution and JPMorgan Chase ranked 300 major cities worldwide for economic performance last year.