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July 2012 Archives

Capital One settles deceptive practices charges

The Maryland based Baltimore Business Journal is reporting that Capital One, one of the nation's bank holding companies, has agreed to pay $210 million after allegedly being involved in deceptive practices. The company was accused of failing to take action when its third party affiliates misled customers in order convince them to purchase additional products.

American Airlines reconsiders merger opportunities

Seven months after the company entered bankruptcy, American Airline's CEO said the time has come for AA and its parent company, AMR Corp., too seek out a possible merger. Issuing a letter to the company's employees, the CEO explained that American Airline's has improved financially since it began bankruptcy restructuring, adding that a merger "could make the new American even stronger."

Company pays $186M for Maryland apartment complex

In the most recent move in a string of real estate acquisitions, an investment trust known as Home Properties, Inc. has reportedly purchased a Maryland apartment complex for $186 million. The company previously purchased a different 858-unit rental property in Maryland in 2010, a move that a Home Properties executive said surpassed the company's "underwriting expectations."

Maryland considers merger fund for BGE

As part of the terms between the recent merger between Exelon Corp. and Constellation Energy Group, Exelon agreed to provide the state of Maryland with $113.5 million. The Maryland Public Service Commission, which oversees all business acquistions in the state, approved the deal on the condition that the combined companies establish a customer investment fund worth half of its project synergy savings. The MPSC introduced the stipulation so that current customers with Baltimore Gas and Electric Co., which is owned by Constellation, could benefit from the valuable deal.

Tips for forming an LLC in Maryland

Creating a limited liability company in Maryland can be a complex process, but the benefits afforded by an LLC are often essential for a healthy, long-lasting business. This is because an LLC protects individual owners from business debts, meaning that creditors cannot pursue personal assets in pursuing owed funds. In a sole proprietorship or general partnership, personal assets are vulnerable to collection.

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