| Dec 11, 2012
| 4:16 PM
T. Rowe Price had reduced its stake in daily deal website Groupon, while increasing its ownership in Kayak Software Corp., the travel comparison site, according to filings with the Securities and Exchange Commission.
The Baltimore-based investment...
| Feb 20, 2013
| 1:56 PM
William Deal Waxter III, a retired securities analyst and World War II veteran, died of a stroke Feb. 11 at Broadmead Retirement Community. The former Roland Park resident was 88.
Born in Baltimore and raised on Lombardy Place, he spent his summers at...
| Feb 22, 2013
| 6:52 PM
When Laura Neuman heard that an Annapolis salad dressing maker was planning to move his business out of state, she arranged to meet with him.
Neuman listened to Greg Vetter's story and made some calls.
"She just said, 'Dude, you are NOT leaving...
| Feb 21, 2013
| 4:34 PM
T. Rowe Price Group announced Thursday it was raising its quarterly dividend by 12 percent to 38 cents per share. The dividend will be paid March 27 to those who are shareholders as of March 13.
The Baltimore-based money manager said it has increased its...
| 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 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....
| 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...
| 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 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 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 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...
| Oct 4, 2012
| 2:49 AM
The Baltimore County Public Library in Towson and the League of Women Voters announced Wednesday a series of election programs on immigration, health care, and the economy to educate voters before next month's election.
"These are all issues that...