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Legg Mason Inc.'s stock retreated Friday, a day after shares shot up on a report that the company's board rejected — at least for now — a proposal by senior managers at its affiliates and private equity investors to take the company private....
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...
Tags: T. Rowe Price, New Products, Research, Securities, Conservation
Tonight, we celebrate the season with the lighting of Baltimore's Washington Monument. But unless we take needed action, we are at risk of losing this festive tradition — along with one of our city's most iconic landmarks. Sadly, the monument...
Legg Mason Inc. announced Wednesday that it would accelerate a quarterly dividend that was to be paid out in January. The cash dividend of 11 cents per share will be paid out on Dec. 28, instead of Jan. 7. The Baltimore-based investment company becomes...
Tags: Credit Ratings, U.S. Congress
Baltimore-based Legg Mason Inc. announced Thursday morning it has agreed to acquire Fauchier Partners, a manager of funds of hedge funds based in Europe. The terms of the deal were not disclosed. Fauchier will be merged into Legg's subsidiary Permal, an...
Tags: Finance, Mutual Funds
Legg Mason Inc. bounced back from its first loss since 2009 with a profit of $80.8 million in the quarter that ended Sept. 30, the Baltimore-based investment company announced Friday. In the previous quarter, Legg lost $9.5 million, blaming the shortfall...
Legg Mason Inc. reported Friday that it lost $9.5 million in the first quarter, citing the costs of restructuring debt and launching two funds. On a per-share basis, the Baltimore-based investment firm lost 7 cents. Total revenues for the quarter reached...
Legg Mason Inc. said Monday that it would lay off an additional 35 workers by January as part of a previously announced plan to shut down the money manager'sOwings Mills facility. In a notice Monday to the state's Department of Labor, Licensing and...
Legg Mason Inc. posted a 10 percent increase in quarterly profit on Tuesday as it lowered operating expenses as part of a just-completed cost-cutting initiative. The Baltimore money manager earned $76.1 million, or 54 cents a share, in its fiscal...
Veteran money manager Brian Kroneberger Jr. didn't sleep well last week — and neither did his clients — as markets whipsawed and the Dow Jones industrial average posted Tums-popping losses and heart-pounding gains on a daily basis. Nervous...
As the Dow took another 400-point tumble Thursday, Baltimore money manager David Stepherson found himself talking one client out of selling everything. "I advised him that it would not be a good idea because our view of things is that this is going to be...
The uphill path of progress is rarely charted in a straight line. Last week's news that test scores for city students declined, in contrast to steady gains over the prior three years, does not detract from our confidence in the direction of Baltimore...
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