t rowe price group incorporated
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Profits at T. Rowe Price Group Inc. increased 23 percent for the three-month period that ended last month, as a rising stock market pushed the amount of client money managed by the firm to a record high. - T. Rowe Price Group's stock soared Tuesday after the firm reported fourth quarter earnings up 24 percent compared to the year before, beating analyst expectations.
- Maryland employers added 7,300 jobs in December, boosting the state's annual job creation to the highest figure since 2004, the federal government estimated Friday.
- The board of T. Rowe Price Group Inc. elected Mark S. Bartlett to be an independent director of the company.
- John H. "Jack" Laporte, a longtime T. Rowe Price portfolio manager, philanthropist and one of the minority owners of the Orioles, died Aug. 12 of lymphoma at his Ruxton home. He was 68.
- T. Rowe Price Group reported that it earned $247.8 million in the second quarter, a nearly 20 percent increase over a year ago.
- Corporate governance experts say celebrity directors can be highly beneficial, raising a company's profile and even its stock price. But that doesn't mean all boards should have a celebrity.
- Olympia J. Snowe, the former Republican senator from Maine, has joined T. Rowe Price Group's board of directors, the Baltimore-based money manager announced Thursday.
- T. Rowe Price Group reported Wednesday that it earned $241.9 million in the first quarter, or 91 cents per share, on revenue of $815.7 million.
- T. Rowe Price CEO James A.C. Kennedy earned $8.4 million in total compensation last year, a 7 percent increase over 2011, the Baltimore-based investment firm reported.
- T. Rowe Price Group announced Thursday it was raising its quarterly dividend by 12 percent to 38 cents per share.
- T. Rowe Price Group reported a $232 million profit for the fourth quarter, a 23 percent increase from a year earlier.
- Most workers didn't take all the vacation they had coming to them last year, according to survey.
- Freeman A. Hrabowski III, president of the University of Maryland, Baltimore County, has joined the board of T. Rowe Price Group as an independent director.
- T. Rowe Price Group reported this morning a $247.3 million profit, or 94 cents per share, for the third quarter. Revenues reached $769.7 million.
- T. Rowe Price reports profit of $247.3 million in third quarter
- T. Rowe Price Group reported that earnings rose slightly in the second quarter to $206.8 million on revenues of $736.8 million.
- T. Rowe Price Group's stake in Facebook Inc. more than tripled in value as the social networking giant went public in the second biggest IPO in history on Friday.
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- T. Rowe Price Group has closed its high-yield bond funds to new investors, effective Monday, the Baltimore money manager announced Tuesday.
- Baltimore money manager T. Rowe Price's assets under management hit a record $554.8 billion in the first quarter, the company announced Tuesday.
- Compensation for T. Rowe Price Group's top executives went up last year, the Baltimore money manager reported Thursday.
- T. Rowe Price Group increased its quarterly dividend to 34 cents per share, up from 31 cents, the Baltimore money manager announced Thursday.
- Neighborhood columnist Sharon Rydell writes of people and events in Reisterstown
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- T. Rowe Price Group said Friday that fourth-quarter net income fell slightly as the Baltimore asset manager saw its expenses rise.
- Uncertainty continues to hover over the economy, and investors may continue to see outsized, unpredictable market fluctuations.
- T. Rowe Price Group, the Baltimore-based mutual fund and investment advisory company, reported net income of $204.7 million for the second quarter, a 29 percent increase over the corresponding quarter a year ago.
- Legg Mason Inc. has bounced back from the worst of the financial crisis. Yet one key measure stands in the way of a full recovery: Clients continue to pull money from Legg Mason's mutual funds even as the market rebounds and shell-shocked investors regain their footing.
