Five questions for Matthew Wyskiel

Legg Mason's Bill Miller and other high-profile investors will share their top stock picks of the moment Wednesday— with the aim of raising money for area schoolchildren. Tickets for the Baltimore Next Generation Investing Event, to be held at Legg's headquarters, sell for $500 a pop. The proceeds will go to Children's Scholarship Fund Baltimore, Southwest Baltimore Charter School and KIPP Baltimore. Matthew and Christy Wyskiel founded the annual fundraiser four years ago. Matthew Wyskiel is president and founder of Skill Capital Management in Baltimore. (Balt. Sun)

Read Full Article

Maryland Live! cashes in good will with charity events

On Saturday night, the Casey Cares Foundation will rock the stage at Maryland Live! It’s the same space where names like Charlie Daniels, Macy Gray, Kansas and the Spin Doctors have wowed crowds in the last year — Rams Head Center Stage. (Capital)

Read Full Article

Memories of the financial crisis five years later

The excited voices on CNBC radio riveted financial adviser John Bacci's attention as he drove to Chestertown five years ago for a routine client visit. The stock market was in freefall that Sept. 29 after Congress rejected a $700 billion rescue of the financial industry and the Dow Jones industrial average plunged 778 points — the largest one-day point loss ever. As he walked into the client's house, he avoided shaking her hand. (Balt. Sun)

Read Full Article

Sept. 20 // Expanded bonus program boosts Maryland's horse industry

When jockey Chelsey Keiser rode Greentree Road, a 6-year-old gelding from Frederick, across the finish line to place second in the fourth race at Laurel Park on Thursday, she earned his owner 20 percent of the $15,000 purse, or $3,000. It was far from the biggest take on a sunny opening day of the 2013 fall meet, the 103rd for the storied track. But it made history. Thanks to a new incentive program aimed at revitalizing Maryland's sagging horse industry, Greentree Road also netted his breeders a bonus of 30 percent of its purse winnings — $900 — because the horse was born in the state. (Balt. Sun)

Read Full Article

Penn National clears a hurdle needed to bid for Prince George's casino

Penn National Gaming Inc. took another step Thursday toward being able to bid for a casino license in Prince George's County after Maryland gaming officials approved a corporate restructuring for the owner of Hollywood Casino Perryville. The state Lottery and Gaming Control Commission approved Penn National's plan to spin off Gaming and Leisure Properties Inc., which would allow the Wyomissing, Pa.-based company to circumvent a state law restricting businesses to one video lottery facility. (Balt. Sun)

Read Full Article

Maryland hospitals post 71% profit decline, operating at record low margins

Hospitals in Maryland are operating with record low margins, according to a new report by the state Health Services Cost Review Commission. Operating profits at Maryland hospitals dropped 71 percent in fiscal 2013, which ended June 30. The 46 hospitals reported a total operating profit of $99.8 million, down from $344.2 million a year before. The total profit margin among the hospitals was 3.39 percent. (Balt. Bus. Journal)

Read Full Article

Kohl's to hire 1,400 temporary workers in Edgewood

Kohl's Department Stores said Thursday that it will hire about 1,400 workers at its Edgewood distribution center as it temporarily staffs up for holiday shopping. The company said it began hiring at distribution centers in August and will continue for a few months in preparation for holiday shoppers and other seasonal purchases. (Balt. Sun)

Read Full Article

Ghost of Baltimore Examiner finally leaving city's skyline

The Baltimore Examiner sign that has been atop 400 E. Pratt St. for the past seven years — despite the Examiner’s closing four years ago — is finally coming down. R2integrated, the marketing software firm that subleased the Examiner’s old space last year, has signed a long-term lease at 400 E. Pratt St. that includes terms allowing the replacement of the sign with its own logo. R2integrated signed the new lease last month; it starts in 2016. (Balt. Bus. Journal)

Read Full Article