Early Briefing: The Under Armour Ad Blitz
*Investors are worried that Under Armour isn't protecting its profit as the company prepares to launch an ad blitz during the Super Bowl. See story
*A law that would change the rules of the Maryland Automobile Insurance Fund was introduced. Lawmakers say the rules on the fund, which insures vehicles for motorists who can't obtain private-sector coverage, are outdated and let lenders prey on low-income residents. See story
*XM Satellite Radio and Sony BMG Music Entertainment settled a copyright lawsuit over XM's Pioneer Inno, a portable radio that records songs. The companies did not disclose terms. Music companies have claimed they had not granted XM rights to let subscribers store songs they had not paid for.
*Ciena of Linthicum paid Northrop Grumman $7.7 million to end a patent-infringement lawsuit filed in 2000 over fiber-optic amplifiers. The suit had been on hold while the Patent and Trademark Office reviewed the patent for a second time. Northrop became involved in the case after it bought suit originator Litton Systems in 2001.
*Legg Mason raised Mark Fetting's base salary to $500,000 after his Jan. 28 promotion to chief executive. The Baltimore-based fund manager said it will also pay Fetting at least $7.5 million in incentive compensation for the year ending March 31, 2009. Fetting's pay for the year ended March 31, including a bonus, was $5.1 million.
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Posted by: t bergey | April 20, 2008 4:24 PM
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