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T. Rowe Price Group Inc

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  • NEW YORK, June 2- Last July, when Federal Reserve Chair Janet Yellen spurred a sell-off in healthcare stocks by saying that valuations in shares of biotech companies looked "stretched," portfolio manager Graham Tanaka saw an opportunity. After a year-long buying spree, he now has more than a quarter of his $17 million Tanaka Growth fund portfolio in healthcare...

  • BOSTON, June 1- Investment manager T. Rowe Price Group said on Monday it has closed its Health Sciences Fund to new investors amid a faster pace of inflows, reflecting the sector's popularity. Baltimore- based T. Rowe Price said the fund and similar portfolios for institutional clients, focused on healthcare, medicine and life sciences, held $14.8 billion as of...

  • NEW YORK, May 22- If you can't beat them, buy them. That's the theory underlying a move by a growing number of mutual fund managers at companies including T. Rowe Price and Eaton Vance to slip shares of indexed exchange traded funds into their actively managed fund portfolios. Putting money into ETFs rather than having it sit in cash is a "cheap and efficient way to gain...

  • BOSTON, May 15- Wall Street's savviest investors are picking sides on Bill Ackman's new bet on Valeant Pharmaceuticals International Inc, with BlueMountain Capital and T. Rowe Price adding money, while Viking Global Investors and Jana Partners cut stakes. T. Rowe Price bought an additional 2.3 million Valeant shares, raising its stake 12 percent to 20.1 million...

  • CHICAGO, May 14- With bond markets in turmoil, what is a 401 investor to do? Retirement investors have enjoyed the best of both worlds these past two years: a bull market in both equities and bonds. "If investors stay course and their holding period is longer than the fund's duration, rising rates should be not much to fear," says Fran Kinniry, a principal in Vanguard's...

  • The investor, T Rowe Price, is seeking a higher price for its Dell stock than the $13.75 per share offered in the $26 billion buyout led by Michael Dell and Silver Lake Partners. That could mean hundreds of millions of dollars are on the line for T Rowe Price and Michael Dell. T Rowe Price's case began in February 2014 when the company asked Delaware judge Travis...

  • The investor, T Rowe Price, is seeking an higher price for its Dell stock than the $13.75 per share offered in the $26 billion buyout led by Michael Dell and Silver Lake Partners. That could mean hundreds of millions of dollars are on the line for T Rowe Price and Michael Dell. T Rowe Price's case began in February 2014 when the company asked Delaware judge Travis...

  • NEW YORK, April 28- A night of arson and looting in Baltimore has shaken the confidence of people running businesses beyond the areas hardest hit. While Baltimore's unemployment rate is higher than the national average and it is lagging in per capita income, the city government's budget is stable, it has a diverse business sector, elite universities and medical...

  • NEW YORK, April 23- When Dallas mom Jan Valecka's twins hit that contentious tween age, the rite of passage she dreaded most was a relatively new one: when to get them cell phones. A quarter of U.S. 8- and 9- year-olds now have them, according to the 2015 Parents, Kids& Money survey by Baltimore money managers T. Rowe Price. And a new study from Pew Research Center discovered...

  • What do you really earn from your mutual fund? Tuesday, 7 Apr 2015 | 10:28 AM ET
    Calculator

    The more you know about your real mutual fund return, the more you're likely to keep for yourself, reports USA Today.

  • Wynn's ex-wife fights to win casino board re-election Wednesday, 25 Mar 2015 | 9:40 AM ET
    Elaine P. Wynn became a billionaire with her stake in Wynn Resorts.

    The Wynn company says Elaine P. Wynn should be rejected because she is "self-serving" and "ineffective", reports the New York Times.

  • Uber app

    Retirement accounts have long contained shares of companies like GE, Ford and Coca-Cola. Now, they contain these ... NYT reports.

  • Growth funds are back! This sector leads charge Wednesday, 11 Mar 2015 | 10:02 AM ET

    The average tech fund has gained 9.86% a year the past 10 years, vs. 7.99% for the Standard and Poor's 500 index, reports USA Today.

  • NEW YORK, Feb 24- After years of talk about how to protect retirement savers, the White House has gotten behind a Labor Department proposal that would require financial advisers to put clients' interests ahead of their own. The Supreme Court heard arguments on Tuesday in a case challenging high 401 fees. Labor Department officials have said it would allow...

  • NEW YORK, Feb 20- As the technology-heavy Nasdaq Composite Index closes in on the all-time high it reached in March 2000, investors are facing a market that barely resembles the go-go era of 15 years ago. Dividend investors, too, now routinely hold large positions in technology companies such as Microsoft, Cisco, and Oracle, a decision unthinkable in the...

  • Though some portfolio managers including Pimco and Van Eck Global have pared their exposure in recent months, Venezuela remains among the largest positions for U.S. funds that focus on emerging market debt. The $4.6 billion TCW Emerging Markets Income Fund also has kept an overweight position, with 5 percent of assets invested in Venezuela.

  • Cash withdrawals totaled $150 billion from Pimco's U.S. open-end mutual funds in 2014. In January, investors pulled $11.6 billion from the Pimco Total Return Fund. 'said Mendel Melzer, chief investment officer for The Newport Group, a Heathrow, Florida- based consultant to institutional investors, including 400 retirement plans, with $21 billion in assets...

  • Treasury and a federal grand jury over alleged failures to comply with anti-money laundering law, has hired away Wal-Mart Stores Inc's top expert. "We are very confident AML experience with Wal-Mart qualifies him for his new role with us." The Las Vegas- based company's decision to hire a high-profile, outside anti-money laundering expert, instead of promoting...

  • Apple gives Wall Street relief, Fed, Facebook loom Wednesday, 28 Jan 2015 | 5:24 AM ET
    A trader works on the floor of the NYSE as Fed Chair Janet Yellen speaks on television during a June news conference.

    US stock index futures signaled a slightly higher open, with European stocks boosted early in the day after Apple smashed analyst expectations.

  • Mario Gabelli: I'm buying these stocks Thursday, 15 Jan 2015 | 8:36 AM ET
    Mario Gabelli

    Value investor Mario Gabelli told CNBC he's buying stocks in these three financial institutions.