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Stocks T. Rowe Price Group Inc

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  • July 31- Many wealthy people struggle to talk to their children about how much money they have. A 2015 T. Rowe Price study of 1,000 parents found that 72 percent had at least some reluctance to talk to their kids about money. When kids are as young as 6, parents and advisers can start by helping them identify bills and coins and understand the purpose of money, said...

  • With the energy sector's second-quarter earnings seen doing better than the prevailing consensus forecast for a decline of almost 59 percent from the year-ago quarter, according to a Thomson Reuters analysis, shares could get a benefit. But the S&P energy subsector of exploration and production companies is at its most expensive on a price-earnings basis...

  • T. Rowe tops Street 2Q forecasts Thursday, 23 Jul 2015 | 7:45 AM ET

    BALTIMORE _ T. Rowe Price Group Inc. on Thursday reported second-quarter net income of $329.1 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share. Five analysts surveyed by Zacks expected $1.06 billion.

  • NEW YORK, July 21- Another Millennial myth may be biting the dust. Millennials save 8 percent of their paycheck for retirement, according to a recent survey from T. Rowe Price. The only reason Millennials aren't saving even more is that they have college debt to pay off and do not earn much money yet, according to Anne Coveney, senior manager of retirement thought...

  • COLUMN-Are Millennials saving enough for retirement? Tuesday, 21 Jul 2015 | 9:29 AM ET

    NEW YORK, July 21- Another Millennial myth may be biting the dust. Millennials save 8 percent of their paycheck for retirement, according to a recent survey from T. Rowe Price. The only reason Millennials aren't saving even more is that they have college debt to pay off and do not earn much money yet, according to Anne Coveney, senior manager of retirement thought...

  • NEW YORK, July 20- Fund companies and brokerage firms should be able to weather a proposal by Democratic U.S. presidential candidate Hillary Clinton that would increase capital gains taxes for some investors, but some fund holders could see higher costs, managers and analysts said. Brokerage firms that rely on customer trading as a revenue source might see a "...

  • NEW YORK, July 20- A couple of years ago, Emilie Hunt had to go to the emergency room with a stomach virus. The bill took a huge chunk of money out of her savings, more than $800, and kept her from saving for a couple of months. Hunt, an executive assistant at a private equity firm in New York City puts $150, about 2 percent of her salary, automatically into a retirement plan...

  • Who owns a stock? Complex answer saves Dell millions Monday, 13 Jul 2015 | 2:17 PM ET

    July 13- The computer maker Dell Inc won a legal fight that may have saved its owners tens of millions of dollars with a complex answer to a seemingly simple question of who is the record holder of a stock. A ruling on Monday by a Delaware Court of Chancery judge removes several large investors from a consolidated lawsuit stemming from the $24.9 billion buyout of...

  • BOSTON, July 12- U.S. companies often pay their CEOs far too much compared with their lowest-paid workers as boards of directors compete to compensate their top executives more than peers. "It would be healthier for our society if CEOs were paid less," said Michael Kagan, who oversees about $9 billion in assets as a senior portfolio manager at ClearBridge...

  • In response, Beijing has cut interest rates and stopped the trading of thousands of stocks, preventing some shareholders from selling their positions in hopes of ending the downturn. The measures have instead helped spread the rout to the Hong Kong- based Hang Seng index, whose listings of so-called H share companies are largely owned by foreign investors and...

  • INSIGHT-U.S investors not bailing on China stocks yet Thursday, 9 Jul 2015 | 4:50 AM ET

    NEW YORK, July 9- Some U.S. investors say China's efforts to prop up its stock market had the opposite effect, though the sell-off now offers buying opportunities at what they say are panic-driven prices. Before Thursday's measure, China had cut interest rates, suspended initial public offerings and enlisted brokerages to buy stocks backed by cash from the...

  • In response, Beijing has cut interest rates and stopped the trading of thousands of stocks, preventing some shareholders from selling their positions in hopes of ending the downturn. The measures have instead helped spread the rout to the Hong Kong- based Hang Seng index, whose listings of so-called H share companies are largely owned by foreign investors and...

  • Airbnb closes in on $1.5 bln fundraising - FT Friday, 26 Jun 2015 | 9:41 AM ET

    June 26- Online home-rental marketplace Airbnb Inc is closing on a $1.5 billion fundraising that would boost the company's valuation to $24 billion, the Financial Times reported. The financing is set to be led by U.S. private equity firm General Atlantic, Beijing- based investment management firm Hillhouse Capital and investment firm Tiger Global, the FT said...

  • *Ukraine is seeking a writedown on its debt. LONDON, June 23- Ukraine is likely to pay all bond coupons falling due over the summer but a $500 million maturity in September could mark a halt to debt repayments if a restructuring deal has not been reached by then. War-ravaged and on International Monetary Fund life support, Ukraine has threatened to suspend payments...

  • NEW YORK, June 5- The record California drought, now in its fourth year, is prompting fund managers to dive into the shares of water technology companies. Fund managers from T. Rowe Price, Janus, and Mairs& Power are among those that have increased their stakes in firms such as Ecolab Inc, Roper Technologies Inc and Flowserve Corp that make smart meters, efficient...

  • Funds run by Boston- based Fidelity Investments and Baltimore's T. Rowe Price Group, for example, more than doubled their money with pre-IPO bets on Facebook Inc. And shares of lesser known Zafgen Inc are up 15- fold since the Fidelity Select Biotechnology Portfolio made a pre-IPO investment of $11.2 million in late 2013. Zafgen's IPO was in June 2014.

  • 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...