| 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...
| 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 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...
| Apr 23, 2013
| 5:16 PM
After T. Rowe Price executives recapped last year's highlights at Tuesday's annual meeting, a shareholder raised concerns about the loss of a top money manager, competition from exchange-traded funds and an Obama Administration tax proposal that could...
| 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 13, 2012
| 4:50 PM
Maryland's unemployment rate in January fell to the lowest level in three years, reflecting an improving economy that spurred the state's employers to add 5,000 jobs during the month, the U.S. Department of Labor announced Tuesday.
The state's jobless...
| Mar 23, 2012
| 9:00 PM
Apple made headlines again last week, but this time they weren't entirely about the new iPad.
The tech behemoth announced that it would start paying a quarterly dividend worth $2.65 per share beginning in July. That amounts to nearly $10 billion to be...
| Mar 23, 2012
| 1:00 PM
About three-quarters of parents talk to their kids about money, according to a recent survey by Baltimore’sT. Rowe Price.
But many of those parents aren’t being honest. The survey of 1,008 parents and 837 kids age 8 to 14 found that 77...
| Apr 2, 2012
| 1:51 PM
Give anyone age 40 and older a time machine and they would likely go back to their early 20s — to open an IRA.
That's because by 40, many of us have learned the miracle of compound earnings over time. We kick ourselves for not socking away even...