| Jul 8, 2013
| 4:04 PM
Baltimore's Legg Mason Opportunity Trust, co-managed by well-known stock-picker Bill Miller, is the top-ranked U.S. diversified stock fund for the third consecutive quarter, according to a Wall Street Journal ranking.
Miller and his co-manager, Samantha...
| Jul 25, 2013
| 2:36 PM
July 25 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 2000 GMT on Thursday:
** Dell Inc founder Michael Dell raised his $24.4 billion bid by less than 1 percent just hours before it was to be put to a vote,...
| Aug 10, 2013
During the depth of the 2008 financial crisis when Bill Miller's funds were in free fall, a colleague advised him to get a dog.
"I needed to change my luck," said the Legg Mason money manager, famous for beating the market 15 years in a row. "I reasoned...
| 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....
| 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...
| Jun 9, 2013
For more than two decades, Baltimore fund companies Adams Express Co. and Petroleum & Resources Corp. had been under the direction of a single CEO and chairman.
But with the retirement of Doug Ober this year, the two have seen a shake-up at the top....
| Apr 16, 2013
| 2:15 PM
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...
| 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...
| Apr 2, 2013
| 3:25 PM
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...
| 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...