| Feb 18, 2013
| 2:30 AM
| Feb 14, 2013
| 5:18 PM
The manager of one of T. Rowe Price's top funds and two analysts have resigned, effective Friday.
Kris H. Jenner, 51, has managed the T. Rowe Price Health Sciences Fund since 2000. The fund, with $5 billion in assets, gained nearly 32 percent last year....
| Feb 13, 2013
| 4:06 PM
Legg Mason Inc. chose an insider as its new CEO, quelling speculation that the Baltimore-based money manager might be headed for a breakup that could have been bad news for the city.
After a worldwide search for a new leader, Legg announced Wednesday...
| Feb 8, 2013
| 5:33 PM
After more than four months without a permanent leader, Legg Mason Inc.'s search for a new CEO might finally be near the end.
It probably can't come soon enough for employees and investors who have lived through months of uncertainty.
"The longer it...
| Jan 29, 2013
| 3:30 PM
T. Rowe Price Group on Tuesday reported a $232 million profit for the fourth quarter, a 23 percent increase from a year earlier.
The Baltimore-based investment firm earned 88 cents a share for the quarter ended Dec. 31. That's up from 73 cents a share a...
| Jan 24, 2013
| 2:30 AM
| Jan 17, 2013
| 5:00 PM
Legg Mason Inc. plans to lay off an undisclosed number of employees as it folds its once high-profile Legg Mason Capital Management unit in Baltimore into a much larger investment division based in New York.
Capital Management rose to fame under star...
| Jan 14, 2013
| 4:53 PM
Baltimore-based money managers T. Rowe Price and Legg Mason Inc. may offer actively managed exchange-traded funds after receiving a thumbs up from regulators.
The Securities and Exchange Commission approved Price's application earlier this month to be...
| Jan 12, 2013
| 8:55 AM
Aside from the business suit he was wearing, which he joked was rented for the occasion, Sam Zell was never more himself than when he appeared at a New York lender conference in April 2007 to hawk his $8.2 billion buyout of Tribune Co.
| Jan 3, 2013
| 7:47 AM
Freeman A. Hrabowski III, president of the University of Maryland, Baltimore County, has joined the board of T. Rowe Price Group as an independent director, the Baltimore-based investment firm announced Thursday.
Hrabowski has led the university since...
| Jan 1, 2013
Despite all the cliff drama in the past week that sent stocks spiraling downward, all three major U.S. stock indices ended the year higher — which might come as a surprise to many investors
U.S. stocks rallied Monday in the last hours of trading...