| Jul 24, 2013
| 5:52 PM
As T. Rowe Price weighs whether to remain at its Pratt Street headquarters in the heart of Baltimore, the safety of its employees is a key concern, the company's CEO said Wednesday.
Employees of the Baltimore-based money manager have been harassed by...
| Jul 24, 2013
| 2:57 PM
T. Rowe Price Group reported a 20 percent increase in earnings for the second quarter Wednesday, but a decline in assets under management when investors withdrew money contributed to a sharp sell-off of the company's stock.
The Baltimore-based money...
| Jul 19, 2013
| 4:32 PM
Investors for years have poured money into bonds despite the low yields, viewing them as low-risk and reliable. The trend has been so dominant that some experts have warned of a so-called "safety bubble."
But after the Federal Reserve indicated that...
| Jul 15, 2013
| 2:04 PM
With a shareholder vote just days away, T. Rowe Price, one of Dell Inc.'s major investors, reaffirmed its opposition to a $24.4 billion buyout offer for the personal computer manufacturer.
"We continue to believe the proposed buyout does not reflect the...
| Jul 5, 2013
| 8:42 AM
I hope everyone had a Happy Fourth of July as America celebrated her 237th birthday. As families enjoyed cookouts and fireworks, here's hoping they remembered America's past, including our Founding Fathers with the vision for a free country, and all the...
| Jun 20, 2013
| 2:39 PM
Olympia J. Snowe, the former Republican senator from Maine, has joined T. Rowe Price Group's board of directors, the Baltimore-based money manager announced Thursday.
Snowe served in the House of Representatives from 1979 to 1995, when she started...
| Jun 12, 2013
| 11:50 AM
You empty your pockets of change, keys and pens, walk slowly through a metal detector and raise your arms above your head for a top-to-bottom frisking.
A grim-looking security guard unlocks a metal door, then two more, closing each behind you with a...
| 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...
| 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...