Investment Service

NEW YORK -- Wall Street closed mixed today after investors largely shrugged off a jump in oil prices and focused instead on a bullish analyst call on Lehman Brothers Holdings Inc. that eased worries about the financial sector. Stocks ended off their lows...

Constellation Energy Group dominated the list of the most highly paid local executives in 2007, a year in which the company's stock price rose nearly 50 percent. Leaders at the Baltimore Gas and Electric Co. parent accounted for four of the top 10 -...

BRT Realty Trust, a Great Neck-based real estate investment trust, continuing to be hit hard by mortgage loans gone bad, said revenues declined by about 50 percent in its latest quarter, which ended June 30, and it swung to a loss, compared to a profit in...

The stock market's woes this year are turning into a blessing of sorts for corporate America. As share prices have fallen, U.S. and foreign companies have seized on the opportunity to gobble up rivals. The latest case in point: Manhattan Beach-based...

Provident Bankshares Corp. officials yesterday attributed Tuesday's move to restate quarterly profit that was announced only a month ago to unexpected guidance from auditors on how to value certain investment securities. Gary N. Geisel, chairman and...

Pat Dahlson's wholesale flower business was blooming last year. He expanded from Los Angeles to Detroit, Cincinnati and other cities. He put more workers on the payroll, added trucks to his distribution fleet and dreamed of even more expansion. Then came...

Software giant CA Inc. said significant growth in new license sales helped drive up earnings and revenue for the first fiscal quarter, compared with the same period last year. The nation's second-largest maker of programs for mainframe computers, based...

Second-quarter net income at Cedar Shopping Centers Inc., a Port Washington-based real-estate investment trust, dropped more than 50 percent from a year ago, while revenue rose 16 percent. The company, which announced results on Wednesday, also said it...

General Motors Corp. plans to cut 15 percent of its U.S. and Canadian salaried workforce - or around 5,100 jobs - by Nov. 1 as part of a plan to slash billions of dollars and help the automaker ride out a slump in U.S. sales. A GM official declined to...

Imagine the woods and pastures you used to drive through, or play in, as a child. Are they overgrown now with housing divisions, shopping centers and office parks? Are they connected to the services residents need by highways, electric lines, water...

The Securities Investor Protection Corp., which protects investors from losses if brokerage firms fail, is warning investors about a new identity theft scam designed to gain confidential information and cash from unsuspecting individuals. SIPC...

LOS ANGELES — Wall Street's most drastic upheaval in decades has become the opportunity of a lifetime for Ken Moelis. Although he has kept a relatively low public profile, Moelis is one of the most successful U.S. investment bankers of the last 20...