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Morningstar Incorporated

A collection of news and information related to Morningstar Incorporated published by this site and its partners.

Top Morningstar Incorporated Articles

Displaying items 13-24
  • T. Rowe Price-managed college savings plans take home gold

    T. Rowe Price-managed college savings plans take home gold
    Two college savings plans managed by T. Rowe Price rank among the best in the country — the eighth time that the Baltimore-based investment firm has been included in Morningstar's annual survey of top plans. Only once — the year after the...
  • Money managers confront turmoil in eurozone

    With all the upheaval in the eurozone and the promise of more to come, what's an investor to do? Kick anything vaguely European out of the 401(k)? Baltimore money managers T. Rowe Price and Legg Mason say they both have relatively low levels of...
  • The departure of Legg Mason's CEO raises questions about its future

    The departure of Legg Mason's CEO raises questions about its future
    The second CEO in Legg Mason's history announced last week he was stepping down, raising the question: What's next for the Baltimore-based money manager? Only the board — or more precisely, activist shareholder and Legg director Nelson Peltz &#...
  • Constellation's three coal plants to find new owner by year's end

    Constellation's three coal plants to find new owner by year's end
    While Constellation Energy Group has a new owner in Exelon Corp., 450 workers at three coal-fired plants once owned by the Baltimore company are in limbo. As a condition of its purchase of Constellation last month, the Chicago energy giant has...
  • As stock market breaks records, Legg Mason Inc.'s shares hit yearly high

    As stock market breaks records, Legg Mason Inc.'s shares hit yearly high
    Legg Mason Inc.'s stock, which has struggled to recover from the financial crisis, hit a new 52-week high last week. It could be a harbinger of a turnaround at the Baltimore-based money manager. Or Legg shares simply may be riding the recent record-...
  • Former Constellation CEO Shattuck retires from Exelon — but remains on its board

    Former Constellation CEO Shattuck retires from Exelon — but remains on its board
    Mayo A. Shattuck III, who coordinated the sale of two Baltimore institutions to out-of-state concerns and ran the region's power company for a volatile decade, has retired from the parent of Baltimore Gas and Electric Co. Chicago-based Exelon Corp. didn'...
  • Sullivan named Legg Mason CEO and president

    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...
  • Legg Mason reports loss of nearly $454 million

    Legg Mason reports loss of nearly $454 million
    Legg Mason Inc. reported Friday a $453.9 million loss for the third quarter, following a previously announced $734 million writedown of certain assets. On a per-share basis, the Baltimore-based money manager lost $3.45. For the corresponding quarter a...
  • Storied Legg Mason unit to merge into New York sister subsidiary

    Storied Legg Mason unit to merge into New York sister subsidiary
    Legg Mason Inc. plans to lay off an undisclosed number of employees as it folds its once high-profile Legg Mason Capital Management unit in Baltimore into a much larger investment division based in New York. Capital Management rose to fame under star...
  • T. Rowe Price, Legg Mason get approval to launch active ETFs

    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...
  • Investment outlook for 2013 clouded by uncertainty

    Usually by early December, investment professionals have mapped out their outlook for the next year. But such forecasting has been made difficult by the "fiscal cliff" — the confluence of spending cuts and higher taxes that kick in automatically...
  • Southwest merger with AirTran combines biggest BWI rivals

    Southwest merger with AirTran combines biggest BWI rivals
    Southwest Airlines' $1.4 billion bid for AirTran Holdings would combine the two largest carriers at Baltimore-Washington International Thurgood Marshall Airport, cementing Southwest's dominance at BWI but possibly ushering in higher passenger fares amid...