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T. Rowe Price loses another fund manager
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...
Tags: T. Rowe Price
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T. Rowe Price profit rose 22 percent in first quarter
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...
Tags: Finance, Earnings Forecasts, T. Rowe Price, James A.C. Kennedy, T. Rowe Price Group Incorporated
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Price discusses ETFs and tax policy at annual meeting
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...
Tags: Barack Obama, Finance, Personal Finance, Annual and Special Corporate Meetings, T. Rowe Price
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Former top T. Rowe Price manager to launch Baltimore hedge fund
Kris H. Jenner, the manager of T. Rowe Price Health Sciences Fund until his resignation in February, has raised more than $100 million to launch a Baltimore-based hedge fund, Bloomberg News reported. The hedge fund, which will be called Rock Springs...
Tags: Bloomberg L.P., T. Rowe Price
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Legg Mason CEO shuffles executive team
Legg Mason Inc.'s new CEO, Joseph A. Sullivan, announced Tuesday a shake-up of his executive team and the exit of some top officials, including one who had been in the running for chief executive. Sullivan, a Legg insider who was named CEO and...
Tags: Global Expansion, Finance, Corporate Officers, Companies and Corporations, Legg Mason, Inc.
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Ehrlich trades in mendacity
I may be influenced by a recent performance of "Cat on a Hot Tin Roof," but the first word that came to mind after reading Robert Ehrlich's recent column was "mendacity" ("Disability insurance entitlement explodes under Obama," March 3). His depiction...
Tags: Government Health Care, Health Insurance, Barack Obama, Robert L. Ehrlich Jr., Supplemental Nutrition Assistance Program
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Sullivan named Legg Mason CEO and president
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...
Tags: Harbor East, Shareholders, Financial Markets, Securities, Elections
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Industry experts suggest what Legg Mason's new CEO must do
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...
Tags: Harbor East, Shareholders, Finance, College Park (Prince George's, Maryland), Legg Mason, Inc.
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T. Rowe Price reports 23 percent increase in earnings in 4th quarter
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...
Tags: Finance, Credit Ratings, Personal Finance, T. Rowe Price, Fiscal Cliff
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New CEO named for Adams Express and Petroleum & Resources funds
Mark E. Stoeckle has been named CEO of Baltimore-based Adams Express Co. and Petroleum & Resources Corp., replacing Douglas G. Ober, who last year announced his intention to retire. Stoeckle, 56, has been the chief investment officer of the U.S. Equities...Tags: Energy Resources, Adams Express Company, Securities, Finance, Credit Ratings
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Marylanders make financial moves to protect against 'fiscal cliff'
Some citizens aren't waiting to find out if the White House and Republicans in Congress will be able to reach a last-minute deal to pull the country away from the "fiscal cliff." They are selling securities while capital gains tax rates are still low...Tags: Barack Obama, Finance, Credit Ratings, Justice System, Linthicum
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T. Rowe Price, Legg Mason get approval to launch active ETFs
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...
Tags: Securities, New Products, Finance, Personal Finance, Marketing
May 11, 2013
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Apr 24, 2013
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Apr 16, 2013
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Feb 13, 2013
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Feb 8, 2013
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Jan 29, 2013
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Jan 28, 2013
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Dec 12, 2012
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Jan 14, 2013
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