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By Bill Atkinson and Bill Atkinson,SUN STAFF | November 28, 2000
T. Rowe Price Associates Inc., looking to build on its global asset management business, said yesterday that it has hired a top executive from Morgan Grenfell/Deutsche Asset Management to head its international and global fixed-income portfolios. T. Rowe Price International, a unit of the Baltimore-based mutual fund company, said Ian Kelson has joined the firm as director of international fixed income. He will run Price's international and global fixed-income portfolios and expand its fixed-income investment services for investors worldwide.
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BUSINESS
By Michael Bodley, The Baltimore Sun | July 31, 2014
Legg Mason Inc. reported Thursday its quarterly profit grew 51 percent, thanks to a strategy that has diversified the money manager's investment portfolio. The Baltimore-based company said it earned $72.2 million, or 61 cents per share, in the three months ended June 30, compared with $47.8 million, or 38 cents per share, a year earlier. Revenue for the quarter rose 4 percent to $693.9 million. While Legg Mason announced in May it had reversed a six-year outflow of client money, the recent quarter brought a net outflow of $8.2 billion, nearly all from liquid investments such as money market funds.
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BUSINESS
December 15, 2009
Baltimore money manager T. Rowe Price Group said Monday that its global head of trading will take over for Mary J. Miller, director of the nearly $100 billion fixed-income division, who is stepping down Friday because she has been nominated for a Treasury Department job. Mike Gitlin, who has more than 16 years of experience with global capital markets, joined T. Rowe Price in 2007. Miller - nominated in October - needs U.S. Senate approval to become the Treasury Department's assistant secretary for financial markets.
NEWS
February 1, 2014
I fear raising the minimum wage will prove to have unforeseen consequences ( "The Costco example Jan. 30). What about seniors on a fixed income? If they tied Social Security to inflation, as suggested for minimum wage, seniors may be able to buy a $5 cup of gas station coffee. As a former minimum wage earner, I was surprised to see how fast my wages went up by doing my job to the best of my ability. As an employer, I did not want to pay $10.10 to someone who thought they earned that just by showing up. Dan Shannahan, Fullerton - To respond to this letter, send an email to talkback@baltimoresun.com . Please include your name and contact information.
BUSINESS
By a Sun Staff Writer | August 16, 1994
T. Rowe Price Associates Inc. yesterday announced that William T. Reynolds, who has managed the investment company's municipal bond division since 1991, has beenelevated to director of the entire fixed-income division.Mr. Reynolds, 46, who joined T. Rowe Price in 1981, took over the municipal bond division in 1991 after his predecessor, Peter Gordon, left the firm. At the beginning of this year, he took on the added position of assistant director of the fixed-income division.Price President and Chief Executive Officer George Collins had been director of the fixed-income division until Mr. Reynolds' appointment.
BUSINESS
By Paul Adams and Paul Adams,SUN STAFF | February 3, 2004
T. Rowe Price Associates said yesterday that William T. Reynolds, director of its fixed-income division, would retire in April, the second high-profile retirement from the Baltimore investment firm announced in the past two months. Reynolds, 55, joined Price 22 years ago as a bond specialist and oversaw an 80 percent increase in fixed-income assets, which account for $55 billion of the $190 billion the company has under management. He is to be replaced by longtime protege Mary J. Miller, a former research assistant with the Urban Institute of Washington who joined Price in 1983.
BUSINESS
By Lorraine Mirabella and Lorraine Mirabella,SUN STAFF | October 28, 2001
As short-term interest rates have plunged, conservative investors have felt the pinch, watching yields drop steadily on their certificates of deposit and money market accounts. But fixed-income investors can still pursue strategies to maximize returns, depending upon the type of investment and the level of risk, even as the Federal Reserve slashes interest rates to stimulate a faltering economy. "Anytime there's global uncertainty and chaos in the markets like now, the difference between interest rates on government fixed-interest [securities]
BUSINESS
By David Conn and David Conn,Staff writer | January 13, 1993
Legg Mason Inc., which last summer hired Edward A. Taber III away from his job of running the fixed-income division of T. Rowe Price Associates Inc., has snagged two of Mr. Taber's colleagues from Price.Keith J. Gardner, who was a vice president, global bond trader and portfolio manager at Price, has been hired as vice president and senior global fixed-income portfolio manager at Legg Mason.And Elizabeth L. Daniels, who was an investment specialist with Price, has been named vice president and investment specialist at Legg.
BUSINESS
April 9, 1991
T. Rowe Price Associates Inc., the Baltimore-based mutual funds company, is offering a new mutual fund that combines the potential appreciation of common stocks with the income and stability of bonds over the long term.The fund, called the Balanced Fund, received approval from the Securities and Exchange Commission last week.Common stocks are expected to represent about 60 percent of the fund's assets and fixed income securities, including cash reserves, will make up the rest, according to Price.
BUSINESS
November 18, 2003
Advertising and Public Relations Thurston joins Yuhanick as head of creative unit John Yuhanick & Associates Inc. appointed Kevin Thurston to head its new creative wing. His responsibilities include creating print collateral, ad design and copy writing. A graduate of the State University of New York, Buffalo, the Charles Village resident is a published poet and has authored several short stories. Rosen names Halford PR coordinator The Rosen Group Inc. named Kristi Halford as a public relations coordinator for the Hampden-based arts marketing and publishing firm.
NEWS
April 18, 2013
I read with interest Del. Stephen Lafferty's attack on our councilman, David Marks, who is questioning the new stormwater tax required for Baltimore County residents. Lafferty's attack was a cheap shot. Like others, I am glad that Councilman Marks is standing up for Baltimore County residents who have endured tax after tax from nearly every level of government. The state legislature (run by Del. Lafferty's political party) has increased electricity taxes, gasoline taxes, titling taxes on cars, sales taxes - some 37 times during Lafferty's silent tenure.
BUSINESS
December 15, 2009
Baltimore money manager T. Rowe Price Group said Monday that its global head of trading will take over for Mary J. Miller, director of the nearly $100 billion fixed-income division, who is stepping down Friday because she has been nominated for a Treasury Department job. Mike Gitlin, who has more than 16 years of experience with global capital markets, joined T. Rowe Price in 2007. Miller - nominated in October - needs U.S. Senate approval to become the Treasury Department's assistant secretary for financial markets.
BUSINESS
By EILEEN AMBROSE | October 11, 2009
Investors and economists worry about higher inflation, but the more immediate concern is inflation that's flat or even negative. Retirement contributions, Social Security and pension checks, as well as certain tax breaks, are tied to inflation. And when inflation is flat or negative - which it is for the first time since the 1950s - that could mean no increases in Social Security checks and even smaller pension checks for millions of retirees. And it could restrict the amount you can sock away in your 401(k)
BUSINESS
By Tanika White and Tanika White,Sun Reporter | February 12, 2008
Betty Ashbrook and a helpful friend recently lugged a twin bed down from an upstairs guest room into Ashbrook's dining area, making that the 64-year-old woman's new bedroom. She did so not because she was having trouble navigating the stairs, but because she was struggling to pay her rapidly rising heating bills, the most recent of which was more than $200 - a quarter of her monthly income. "I can't afford these gas bills like this," said Ashbrook, a widow. "So I brought my bed down on the first floor, so that I can pretty much live on one floor.
BUSINESS
By Andrew Leckey and Andrew Leckey,Tribune Media Services | October 14, 2007
Will my shares of Merrill Lynch & Co. have a revival? - C.M., via the Internet It has acknowledged that it handled risks badly in subprime mortgages and other structured debt products. In fact, its global head of fixed income and the co-head of fixed income for the Americas recently left the firm. But it is still Merrill Lynch: It remains the nation's largest brokerage and a global financial powerhouse. The investment firm is to report a loss in the third quarter as it takes $5.5 billion in write-downs from collateralized debt obligations, known as CDOs, subprime mortgages and other debt products.
NEWS
By Elizabeth Large and Elizabeth Large,Sun Reporter | September 12, 2007
When we first met Lottie Barnett, a lively 84-year-old, she was dredging pieces of liver in flour and frying them in canola oil for her supper. I was with Robin Spence, the registered dietitian from Union Memorial Hospital who helps with our monthly Make Over My Meal series. About five months ago, Barnett moved into one of the low-income senior apartments in the Stadium Place development on 33rd Street.
FEATURES
By Jill Jorden Spitz and Jill Jorden Spitz,ORLANDO SENTINEL | April 3, 1996
Not that long ago it was considered the norm: Get married at age 20, have children at 25, convert the kids' room to a den at 50 and retire on a fixed income by 65.But today, people in their 50s can be part of a first marriage, a second marriage or living alone. They can have adult children, stepchildren or young children. They can be retired, starting a second career or planning to work until they die. They can be on a fixed income or enjoying the biggest paychecks of their lives.And it's about time the business community realized the disparity of that group, according to the American Association of Retired Persons.
BUSINESS
By Janet Kidd Stewart and Janet Kidd Stewart,Chicago Tribune | May 13, 2007
A retired reader in Painesville, Ohio, echoed what a lot of seniors are feeling when they read about historically low inflation but struggle nonetheless to keep up with the costs of real, daily living. "My guess is that inflation is running at between 4 and 6 percent a year on most things consumers have to buy," the reader complained, scoffing at "official" estimates around half that. This year's cost-of-living adjustment for Social Security income was 3.3 percent, which is based on the Consumer Price Index.
NEWS
By Mary Gail Hare and Mary Gail Hare,sun reporter | January 17, 2007
Harford County wants to join other jurisdictions in the metropolitan area that offer property tax breaks for some senior citizens and others on fixed incomes, as local governments seek to offer relief to residents who face rising tax bills in homes that have appreciated rapidly in recent years. Baltimore, Carroll and Howard counties are among the jurisdictions that have approved property tax relief initiatives, and Baltimore City is considering one. Jurisdictions in dozens of other states have implemented similar programs.
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