| Nov 14, 2013
| 4:40 PM
Portfolios managed by Baltimore-based T. Rowe Price participated in a $50 million mezzanine investment in Redfin, an online real estate brokerage.
The money brings the venture capital funds raised by the 11-year-old firm to almost $96 million. It will...
| Jan 28, 2014
| 4:39 PM
T. Rowe Price Group's stock soared Tuesday after the firm reported fourth-quarter earnings rose 24 percent compared with the year before, beating analyst expectations.
The Baltimore money manager posted a profit of $287.7 million and earnings per share...
| Aug 22, 2013
| 1:25 PM
John H. "Jack" Laporte Jr., a highly regarded T. Rowe Price portfolio manager who was also a philanthropist and one of the minority owners of the Orioles, died Aug. 12 of complications from lymphoma at his Ruxton home. He was 68.
"Jack was one of the...
| Aug 25, 2013
Lisa Scott of Sparrows Point has seen young relatives graduate from college and struggle to keep up with $100,000 in education debt.
"Their current jobs do not allow them to pay that debt" said Scott, area marketing director for Chick-fil-A in Maryland....
| Aug 28, 2013
| 3:10 PM
Timothy E. Parker, manager of T. Rowe Price's New Era Fund who had announced earlier this year he would be leaving, has decided to remain with the Baltimore-based money manager, the company said.
As previously announced, Parker still will step down as...
| Aug 30, 2013
| 2:00 AM
In the command center of the Grand Prix of Baltimore, Tim Mayer, the race's general manager, fielded a few phone calls, answering a couple of questions. But that was it.
Preparations for the Grand Prix were running several hours ahead of schedule the...
| Sep 3, 2013
| 3:37 PM
Baltimore ad agency Carton Donofrio Partners is closing after nearly 50 years, blaming industry changes and family matters affecting the majority owner.
Founded in 1964 as Richardson, Myers & Donofrio, the firm's clients over the years included a...
| Nov 18, 2013
| 6:31 PM
Learning how to manage money doesn’t have to be a tedious, boring process, students at Harper’s Choice Middle School are realizing — with the help of a computer game, financial literacy can actually be fun.
“They pick a...
| 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 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 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...