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T. Rowe Price

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Top T. Rowe Price Articles

Displaying items 67-77
  • 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-...
  • Wall Street shrugs off sequester

    Wall Street shrugs off sequester
    The drumbeat for weeks has been that $85 billion in across-the-board federal spending cuts known as the sequester would be so horrendous for the economy that lawmakers in Washington would be forced to compromise by the March 1 deadline. When no deal was...
  • U.S. stocks end higher despite negative news much of year

    U.S. stocks end higher despite negative news much of year
    Despite all the cliff drama in the past week that sent stocks spiraling downward, all three major U.S. stock indices ended the year higher — which might come as a surprise to many investors U.S. stocks rallied Monday in the last hours of trading...
  • Ex-Maine senator Olympia Snowe joins T. Rowe Price board

    Ex-Maine senator Olympia Snowe joins T. Rowe Price board
    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. Snowe served in the House of Representatives from 1979 to 1995, when she started...
  • UMBC President Freeman A. Hrabowski III joins T. Rowe Price board

    UMBC President Freeman A. Hrabowski III joins T. Rowe Price board
    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, the Baltimore-based investment firm announced Thursday. Hrabowski has led the university since...
  • Part one: Zell's big gamble

    Part one: Zell's big gamble
    Aside from the business suit he was wearing, which he joked was rented for the occasion, Sam Zell was never more himself than when he appeared at a New York lender conference in April 2007 to hawk his $8.2 billion buyout of Tribune Co. Slinging one-...
  • 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...
  • 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 substantially reduces its stake in Groupon

    T. Rowe Price substantially reduces its stake in Groupon
    T. Rowe Price had reduced its stake in daily deal website Groupon, while increasing its ownership in Kayak Software Corp., the travel comparison site, according to filings with the Securities and Exchange Commission. The Baltimore-based investment...
  • T. Rowe Price reports 23 percent increase in earnings in 4th quarter

    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...
  • 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...