Legg Mason, Inc.

Legg Mason Inc. has bounced back from the worst of the financial crisis by many counts. The Baltimore financial powerhouse has cleaned up its balance sheet without government help, returned to profitability and initiated a major cost-cutting program to...

Chief executives of public companies have long had a ready answer when criticized about high pay: It's all about company performance. That argument has been put to the test by the toughest financial environment since the Great Depression. If...

Monday: -- Earnings: Altera Corp.; American Express Co.; Canadian National Railway Co.; Equifax Inc.; Halliburton Co.; Hasbro Inc.; Merck & Co.; Schering-Plough Corp.; Texas Instruments Inc. Tuesday: -- Earnings: Ace Ltd.; Amazon.com Inc.; AT&T Inc.;...

A commission that will dole out lucrative slots licenses in Maryland will be headed by the leader of a business advocacy group chosen by Gov. Martin O'Malley after two prominent university leaders declined interest in the unpaid assignment, according to...

After the conference call to his employees, after he briefed the stock analysts and the media and watched Wall Street exult over the prospect of Legg Mason Inc. morphing into the world's fifth-largest money manager, Raymond A. "Chip" Mason sat down and...

Legg Mason Inc. promises its customers a smooth transition when the Baltimore company swaps businesses with Citigroup Inc. and analysts predict those investors may even see lower fees as a result of the $3.7 billion deal announced yesterday. Legg Mason...

The chairman and chief executive officer of Legg Mason Inc. told investors and analysts yesterday that the Baltimore firm is making "dramatic progress" toward completing its deal with Citigroup Inc. that would double the assets it manages for clients....

Stifel Financial Corp. has agreed to buy Legg Mason's investment banking, research and trading operations, which Citigroup Inc. had inherited as part of a separate deal. Nearly 500 Legg Mason Inc. employees will join Stifel, which has its headquarters in...

Top brokers at Legg Mason Inc. are facing a seemingly enviable predicament: Change their business cards to Smith Barney and get cash and stock worth at least $1 million, or take their clients to some other brokerage for as much as twice that amount. As...

Legg Mason Inc. agreed yesterday to trade its brokerage unit for the money management business of financial giant Citigroup Inc. in a $3.7 billion deal that transforms the Baltimore-based firm from a regional player into the world's fifth-largest money...

Neither was at the negotiating table, but New York Attorney General Eliot Spitzer and retiring Securities and Exchange Commission Chairman William H. Donaldson played a supporting role in Legg Mason Inc.'s $3.7 billion deal to swap businesses with...

One can imagine tense, closed-door negotiations between a small cadre of Legg Mason Inc. and Citigroup Inc. executives, hunched over calculators and paperwork, trying to decide how the companies would swap parts of their businesses. But that's just it...