Baltimore and International Business

[Itus]

Legg Mason CEO wants to lure more international clients
Baltimore Business Journal by Gary Haber, Staff Reporter
Date: Tuesday, July 24, 2012, 12:13pm EDT

Legg Mason Inc. will continue to seek to attract international clients and look for strategic acquisitions, CEO Mark R. Fetting said Tuesday.

Non-U.S. clients own about 37 percent of Legg Mason’s $632 billion in assets under management, Fetting told shareholders at the company’s annual meeting at its Harbor East headquarters. The money manager wants to grow that figure to 50 percent, Fetting said. He sees most of the international growth coming from clients in Asia, particularly Japan, China and Singapore, Latin America and Australia.

. . .

Full article at BBJ: http://www.bizjournals.com/baltimore...lure-more.html

[Itus]

McCormick signs agreement to buy Chinese company
Sparks firm agrees to purchase Wuhan Asia-Pacific Condiments for $114 million, expanding its presence overseas
The Baltimore Sun
1:27 p.m. EDT, August 20, 2012

McCormick & Co. announced Monday that it had signed an agreement to buy 100 percent of the assets of Wuhan Asia-Pacific Condiments Co. Ltd., a private firm based in China.

Sparks-based McCormick has agreed to acquire Wuhan Asia-Pacific Condiments, or WAPC, for approximately $141 million, according to a statement released by the company. Completion of the agreement, which is subject to regulatory approval, is expected in mid-2013, according to the statement.

. . .

Rest of Article: http://www.baltimoresun.com/news/bre...,6179959.story

[Itus]

Maryland opens foreign trade office in Africa
Baltimore Business Journal by Ryan Sharrow, New Media Editor
Date: Wednesday, August 22, 2012, 12:57pm EDT - Last Modified: Wednesday, August 22, 2012, 2:01pm EDT

Maryland is looking to expand its international footprint by capturing business in Africa.

The state’s Department of Business and Economic Development said Wednesday it has opened its first African foreign trade office based in Nigeria.

. . .

Rest of Article: http://www.bizjournals.com/baltimore...ce-africa.html

[LilMoeJoeJoe]

Mobile was recently selected as the site to open a new assembly plant for Airbus in the U.S. One of the reasons the Airbus CEO cites in the interview is Mobile is a port city and that would make distribution and transportation alot easier. Why can't the political leadership in Baltimore and the state go after these kinds of deals?


http://www.cnbc.com/id/100623989?__s...t%7C&par=yahoo

[shakman]

Originally Posted by LilMoeJoeJoe

Mobile was recently selected as the site to open a new assembly plant for Airbus in the U.S. One of the reasons the Airbus CEO cites in the interview is Mobile is a port city and that would make distribution and transportation alot easier. Why can't the political leadership in Baltimore and the state go after these kinds of deals?


http://www.cnbc.com/id/100623989?__s...t%7C&par=yahoo

The topic of business attraction and retention has been discussed on numerous occassions. I still cannot grasp the issue. This issue should not exist.

[NewOrleansRush]

Salaries in Alabama especially S Alabama are one one the lowest in the nation. Cheap labour is a major factor.

[hpal3]

Originally Posted by NewOrleansRush

Salaries in Alabama especially S Alabama are one one the lowest in the nation. Cheap labour is a major factor.

The cost of living is also cheaper down there as opposed the living in MD.

[Balmurfan]

Alabama is also a right-to-work state.

[DoctorWhom]

While it sucks they got an Air Bus factory, at the end of the day I'd rather have our economic factors than theirs. A race to the bottom in order to lure manufacturing is not the route we should take.

[Itus]

Apr 23, 2013, 3:00pm EDT
Four Israeli tech firms to open Maryland offices
Ryan Sharrow
New Media Editor- Baltimore Business Journal

Four high-tech Israeli firms on Tuesday unveiled plans to open offices in Maryland.

The news comes as Gov. Martin O'Malley and state business leaders are in the midst of an economic trade mission in Israel and Jordan.

The companies, Shekel Scales, Askimo, Roboteam and Hybrid Security, range from a global provider of electronic scales and weighing systems to a startup developing web fraud detection solutions.

. . .

Rest of Article: http://www.bizjournals.com/baltimore...s-to-open.html

[PeterSmith]

Great news! A lot of people, myself included, are surprised when they first hear what a major player Israel is in the tech world. Only Silicon Valley has more venture capital money for tech businesses than Tel Aviv. Hopefully, some of them open offices in the urban core.

[PeterSmith]

Baltimore-based DLA Piper is now the world's largest law firm by both revenue and number of attorneys.

http://www.businessweek.com/articles...firm-dla-piper