Legg Mason News

IA could write this article the usual way -- byA showing you how to turn your thousands into millionsA through investments in solid, well-known companies.

AIG said Friday it was profitable for the second straight quarter as its core insurance operations continue to stabilize after the company's bailout by the government last year.

A company that has ample profits but carries expensive financing may be in worse shape than one with softer earnings and cheaper financing.

Md.-based Black & Decker, Stanley Works join in $4.5 billion deal; local jobs, prestige to take a hit as state loses Fortune 500 HQ Black & Decker employs 1,500 people in Maryland.

Unless something catastrophic happens to Miller's Legg Mason funds during the last two months of 2009, the legendary fund manager will be back to beating the market.

Baird has recruited a veteran financial team from Morgan Stanley Smith Barney to establish its first office in North Carolina.

News at a Glance Peltz Prize: Billionaire takes Legg Mason stake. Shack Attack: Radio Shack profits drop 24%. Crude Crunched: Oil below $79 a barrel.

Peter Lynch once said, "Never invest in any idea you can't illustrate with a crayon." Even though my artistic talents would make the average 5-year-old look like the second coming of Vincent Van Gogh, I think there's a lot of wisdom in Lynch's statement.

"We welcome Nelson, whose firm is a significant investor in Legg Mason," Fetting said in prepared propaganda.

The Berkheimer Group at Morgan Stanley Smith Barney has expanded. Shown are, seated, left to right, Betsy Pakenas and Phil Berkheimer; standing, Gus Martz, Erica Ross and Derek McGee.

Senate Banking Committee Chairman Chris Dodd proposed Monday an immediate interest rate freeze on existing balances for the estimated 700 million credit cards in circulation.

RadioShack Corp. posted a sharp drop in third-quarter profit on declines in several key product categories, but still managed to boost its margins and meet Wall Street expectations, pushing its shares up 15% Monday.

Billionaire activist investor Nelson Peltz will be elected to Legg Mason Inc's board, the U.S. asset manager said on Monday, in a move that would avoid a proxy fight for the next two years.

SuperGeo, the leading global provider of complete GIS solutions, and Institute for Information Industry, Taiwan, are pleased to announce the release of E-narrator. Developed by SuperGIS Mobile Engine, SuperGeo's mobile SDK, the E-narrator is a personal botanic tour guide assisting tourists in recognizing the fern ecology easily.

With pretax income in private banking totaling 867 million francs, CEO Brady Dougan said asset inflows in private banking were strong across all regions.

Asset manager Legg Mason Inc. continued its recovery from steep losses in the past year as it swung to profitability in the latest quarter.

Guidance Analysts are looking for EPS of 20c on revenue of $651.85M. The consensus range is 8c-28c for EPS, and $618.60M-$670.06M for revenue, according to First Call.

Investor expectations are high for BlackRock Inc when the New York asset manager releases third-quarter earnings on Tuesday.

In the center of Harbor East is the National Katyn Memorial to the thousands of Poles murdered by the Soviets in 1939.

While the Baltimore region's economy is faring better than much of the rest of the country, the third quarter was a challenging one for the region's real estate industry, according to a new report by Cushman & Wakefield .