Advertisement
HomeCollectionsRowe Price Associates
IN THE NEWS

Rowe Price Associates

FEATURED ARTICLES
NEWS
December 23, 1995
EXECUTIVES AT T. ROWE PRICE Associates, the Baltimore investment company that has more than $72 billion under management, could have expanded its growing retirement benefits management business to Charlotte or Tampa, but they decided to stay here. This decision, which will result in an ultimate investment of $50 million and the hiring of 2,000 additional employees in the next decade, is a welcome development in a state that has seen tens of thousands of jobs disappear or move.In years past, this expansion in Baltimore County would have been interpreted as a loss for the city.
ARTICLES BY DATE
BUSINESS
June 16, 2007
In Business New business Harford Mortgage Insurance Group is up and running at 1208 E. Churchville Road in Bel Air. The new mortgage company is led by Rodger Stenger, a certified public accountant, and Kasia Panza, a former bank vice president. On the board William W. Strickland Jr., vice president of T. Rowe Price Associates, has been elected to the board of Port Discovery children's museum. Openings CommerceFirst Bank, with headquarters in Annapolis, opened its third branch at 487 Ritchie Hwy. in Severna Park.
Advertisement
BUSINESS
By Kevin Thomas and Kevin Thomas,Evening Sun Staff | November 13, 1991
Tydings & Rosenberg, a general-practice law firm of Baltimore, has taken over the top three floors of 100 East Pratt Street, becoming the building's third largest tenant thus far.The firm has leased 40,000 square feet of the building's 26th, 27th and 28th floors, moving in Nov. 1.The Pratt Street building underwent an expansion recently, adding 18 floors. The addition is a joint venture of IBM Corp. and T. Rowe Price Associates Inc., both of which are tenants occupying 180,000 square feet and 215,000 square feet respectively.
NEWS
By Lynn Anderson and Lynn Anderson,sun reporter | March 13, 2007
A gift from the charitable arm of Baltimore investment firm T. Rowe Price has put the Open Society Institute's fundraising campaign closer to the $20 million goal set by billionaire financier George Soros, who founded the institute nearly a decade ago and promised an additional $10 million if local residents also contributed. The institute has raised more than $7 million, including in recent months a $250,000 donation from the T. Rowe Price Associates Foundation and a $200,000 contribution from an anonymous donor, said Debra Rubino, OSI spokeswoman.
NEWS
By Bill Atkinson and Bill Atkinson,SUN STAFF | April 13, 1996
George J. Collins, president and chief executive of T. Rowe Price Associates Inc., said yesterday that he will leave the company in 12 months to fulfill a dream that he has cherished for years -- to sail around the world in an international yachting race.The announcement didn't surprise those closest to him, who have known for years that Mr. Collins has a passion for sailing and competition."If there is a leaf on the ground blowing, he has probably quickened his step to see if he can beat it to where it is going," said Maureen Collins, Mr. Collins' wife.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | July 20, 1997
He's known as the "supreme analyst."Whether it's a budget, a new hire or a family vacation, George A. Roche, the newly elected chairman and president of T. Rowe Price Associates Inc., isn't satisfied until he has painstakingly weighed the facts.Before he hiked Mount Kilimanjaro, Africa's highest mountain, several years ago with his wife, Nancy; daughter, Anne; and another family, Roche questioned friends who had made the trek. He researched the terrain and the weather, then picked the guide to lead the group onto the 19,340-foot mountain.
NEWS
July 18, 1996
Because of inaccurate information supplied to The Sun, a figure for redemptions and transfers from T. Rowe Price Associates Inc.'s mutual funds in an article in yesterday's editions was inaccurate. The actual figure was roughly $40 million, or 0.1 percent of the firm's mutual fund assets.The Sun regrets the error.Pub Date: 7/18/96
BUSINESS
August 4, 1991
To provide an indication of market movements in tax-exempt securities, The Sun will publish each Sunday a graph and table of activity in a representative group of Maryland municipal bonds. The material will be updated each Friday by T. Rowe Price Associates.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | July 1, 2000
T. Rowe Price Associates Inc. said yesterday that its stockholders approved a proposal to form a holding company called the T. Rowe Price Group. The new company will become the parent of T. Rowe Price Associates and other subsidiaries that the Baltimore-based mutual fund company operates. Shareholders approved a one-for-one stock exchange in which each share of T. Rowe Price Associates will be exchanged for each share of T. Rowe Price Group stock. The exchange is expected to take place later in the year.
BUSINESS
June 16, 2007
In Business New business Harford Mortgage Insurance Group is up and running at 1208 E. Churchville Road in Bel Air. The new mortgage company is led by Rodger Stenger, a certified public accountant, and Kasia Panza, a former bank vice president. On the board William W. Strickland Jr., vice president of T. Rowe Price Associates, has been elected to the board of Port Discovery children's museum. Openings CommerceFirst Bank, with headquarters in Annapolis, opened its third branch at 487 Ritchie Hwy. in Severna Park.
NEWS
January 6, 2006
PROMOTIONS Jerome F. Bowen has been promoted to chief operating officer at Stella Maris Inc. Bowen has worked as chief financial officer at Stella Maris since 1996, and before that was comptroller of University of Maryland Medical System. Bowen will be responsible for the business and clinical programs at the continuing-care nursing facility. Bowen received a bachelor's degree in business from Towson University and a master's in finance from Loyola College. He lives in Millersville with his wife and two children.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | July 1, 2000
T. Rowe Price Associates Inc. said yesterday that its stockholders approved a proposal to form a holding company called the T. Rowe Price Group. The new company will become the parent of T. Rowe Price Associates and other subsidiaries that the Baltimore-based mutual fund company operates. Shareholders approved a one-for-one stock exchange in which each share of T. Rowe Price Associates will be exchanged for each share of T. Rowe Price Group stock. The exchange is expected to take place later in the year.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | April 12, 2000
In its biggest acquisition to date, T. Rowe Price Associates Inc. said yesterday that it has reached an agreement to buy its British partner's 50 percent stake in their joint money-management venture for $780 million in cash. The deal with Robert Fleming Holdings Ltd. would give Price total ownership of Rowe Price-Fleming International Inc., an international investment firm that manages $43 billion in assets. It also would enable the Baltimore-based mutual fund company to offer international investment services to non-U.
BUSINESS
By William Patalon III and William Patalon III,SUN STAFF | January 10, 1999
It was mid-1997 and First Maryland Bancorp's Joe O'Sullivan was phoning corporate clients to see if they had an interest in a seminar on the proposed European Monetary Union, slated to go from plan to reality Jan. 1, 1999.In making his inquiries, O'Sullivan, managing director of the banks' foreign exchange business, referred to the union by its acronym, EMU, pronouncing it -- like everyone else -- as "ee-moo.""One of my first phone calls was to a young man who wanted to know why we were making a presentation on the alternative white meat," O'Sullivan recalled, laughing.
BUSINESS
December 20, 1998
Tri-Churches Housing offers homebuyer classTri-Churches Housing is offering a free, three-part Homebuyer Education Class at 6:30 p.m. Jan. 7, 14 and 21 in the upper hall of St. Jerome's Head Start Center, 765 W. Hamburg St.Sponsored by North American Mortgage Co., the sessions are designed to give participants an opportunity to meet with industry professionals and receive information on the home-buying process.Topics include working with a Realtor, how to tell the condition of a home, getting grants for closing costs, qualifying for a loan, appraisals and settlements.
BUSINESS
By Kevin L. McQuaid and Kevin L. McQuaid,SUN STAFF | April 17, 1998
George A. Roche has little choice but to see the glass as half-full, rather than half-empty. Or even three-quarters full, for that matter.T. Rowe Price Associates Inc.'s stockholders have plenty of reason to share that view after yesterday's annual meeting, a gathering in which owners of the mutual fund giant received predictions of a healthy economy, approved a 2-for-1 common stock split, got news of record revenue in the first quarter of this year, and...
BUSINESS
April 25, 1991
Despite record revenues, earnings for T. Rowe Price Associates Inc., the Baltimore mutual funds company, dropped 19 percent in the first quarter primarily as the result of hiring employees and administrative costs associated with its new operation in Owings Mills.The net income for the first quarter was $5.6 million, or 38 cents a share, compared to $6.9 million, or 47 cents a share, for the 1990 first quarter. Revenues increased by 8 percent to $45.6 million compared to $42.2 million a year ago.Price began moving into its Owings Mills complex late last year.
BUSINESS
By David Conn and David Conn,Sun Staff Writer | April 29, 1994
T. Rowe Price Associates Inc., nursing only minor injuries from the recent market downturn, yesterday reported another quarter strong revenues and earnings.The Baltimore mutual fund and investment management company said earnings in the quarter ended March 31 rose to $13.8 million, or 44 cents a share, a 35 percent gain from a year ago.Revenues, primarily from advisory fees on its $53.5 billion in assets under management, were up 34 percent during the quarter, to $91.9 million.But despite a $1.7 billion increase in net cash flows into Price's funds during the quarter, assets under management fell almost $1 billion.
NEWS
By William Patalon III and William Patalon III,SUN STAFF | February 10, 1998
We've all seen it: cheaper prices at the computer store, athletic-shoe emporium or gasoline pump. We probably don't think much about it, beyond congratulating ourselves for finding a good bargain. But some pundits and economists are speculating that these "bargains" are the leading edge of deflation, a general decline in prices for goods and services that can be just as ruinous as inflation.As is always true in economics, there's a lot of debate and no real agreement. Most economists believe that the U.S. economy is in pretty fair shape and that, if anything, we must remain vigilant about inflation -- a tendency toward rising prices that has been pretty much the norm since World War II. But there is a group, albeit a small one, whose members say sectors of the world economy show signs of harmful deflation.
BUSINESS
By Bill Atkinson and Bill Atkinson,SUN STAFF | December 21, 1997
At 8: 30 a.m. on Monday, Oct. 27, Michael A. Goff grabbed a cup of coffee, settled into his chair behind his desk at T. Rowe Price Investment Technologies Inc.'s St. Paul Street headquarters and logged onto the computer.A "hot message" shot across his screen."To advise: Volumes are very high and the swat team has been on full alert. Management from datacom and telecom are on site."Goff, president of Price's Investment Technologies, had prepared for this day. After all, his group is the brawn behind Baltimore-based T. Rowe Price Associates Inc., and its mission is to keep the nation's 11th largest mutual fund company humming -- at all costs.
Baltimore Sun Articles
|
|
|
Please note the green-lined linked article text has been applied commercially without any involvement from our newsroom editors, reporters or any other editorial staff.