| May 30, 2013
| 7:09 AM
T. Rowe Price said it was selling its bank to New York financier Jacob M. Safra for about $24 million in light of new banking regulations that would limit other aspects of the Baltimore-based money manager's business.
The bank was launched in 2000 as an...
| May 22, 2013
| 10:11 AM
T. Rowe Price plans to launch a new series of 11 target-date retirement funds later this summer, the Baltimore-based money manager said Wednesday.
Target date funds automatically become more conservative as investors age. Price began offering such funds...
| May 27, 2013
| 2:00 PM
Developer J. Joseph Clarke has come up with a half-dozen ideas over the past 20 years — a hotel, corporate headquarters, residences, office space — for a prominent downtown site three blocks from the Inner Harbor. But none took hold.
| May 28, 2013
Baltimore's two major mutual fund companies have joined a small but growing number of investment firms offering ultrashort-term bond funds, which may become an alternative to the traditional money market fund.
The T. Rowe Price Ultra Short-Term Bond...
| May 27, 2013
| 7:49 AM
T. Rowe Price has a reputation as a place where portfolio managers can spend their entire careers.
But over 12 weeks this year, three fund managers left the Baltimore-based investment company or announced plans to do so. Two left suddenly, with a star...
| May 13, 2013
| 12:27 PM
Harbor East is moving farther east with baker-cum-developer John Paterakis Sr.'s announcement Friday that he will break ground this summer on a new, mega-Whole Foods and later on a new residential/retail building across Central Avenue from the...
| May 16, 2013
| 12:25 PM
Brian Rogers, manager of the T. Rowe Price Equity Income Fund in Baltimore, won't be voting the fund's shares in support of splitting the role of CEO and chairman at JPMorgan Chase & Co.
Jamie Dimon has been CEO at JP Morgan since 2005 and became...
| May 14, 2013
| 3:39 PM
Morton "Jerry" Baum, founder and executive director of the Fund for Educational Excellence and a retired clothing manufacturing executive who was a tireless champion of city public schools, died May 5 from complications of Parkinson's disease at his...
| May 9, 2013
| 11:59 AM
In his remarks to the Greater Baltimore Committee's annual meeting Wednesday night, T. Rowe Price Chairman Brian C. Rogers noted a contradiction in how the world sees Maryland as a place to do business. On the one hand, it is universally recognized for...
| May 11, 2013
T. Rowe Price lost another one of its fund managers, the third this year.
Friday was the last day for Joseph M. Milano, 40, who has been the manager of Price's New America Growth Fund since 2002, said spokesman Brian Lewbart. Milano, who joined the...
| Apr 30, 2013
| 6:00 AM
No matter what T. Rowe Price decides to do when its lease runs out, city taxpayers should not be penalized with tax concessions for the firm's employees, many of whom do not reside in Baltimore ("T. Rowe Price considers moving its headquarters," April 25)...
| May 3, 2013
| 12:54 PM
Timothy E. Parker, manager of T. Rowe Price's New Era Fund for the past three years, will leave the the Baltimore-based money manager by the end of September, the company said.
Parker will be replaced as manager by Shawn T. Driscoll, an energy analyst...