| Apr 24, 2013
| 2:45 PM
T. Rowe Price Group reported Wednesday that profit rose 22 percent in the quarter from a year ago to $241.9 million, buoyed by an uptick in the market that pushed assets under management to a new record.
The Baltimore-based money manager earned 91...
| Mar 8, 2013
| 4:30 PM
The drumbeat for weeks has been that $85 billion in across-the-board federal spending cuts known as the sequester would be so horrendous for the economy that lawmakers in Washington would be forced to compromise by the March 1 deadline.
When no deal was...
| Apr 24, 2013
| 5:13 PM
T. Rowe Price, a fixture in downtown Baltimore since its founding 76 years ago, is considering moving its headquarters once its current lease expires in 2017, the company said Wednesday.
The Baltimore-based money manager is weighing several options,...
| 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...
| Mar 24, 2013
| 4:27 PM
The answer is: Pearl Jam.
The question is, did "Jeopardy!" contestant Thomas Lynn know the name of singer Eddie Vedder's famous rock band?
And the bigger question is, did Lynn win the popular game show?
The answer to the first question is, no. The...
| Apr 21, 2013
As a senior financial planner with Baltimore money manager T. Rowe Price, Stuart Ritter spends much of his time on the job — and off — educating people about personal finance.
April is Financial Literacy Month, and as many surveys show...
| 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...