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T. Rowe Price Group Inc

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  • 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...

  • T. Rowe misses 1Q profit forecasts Wednesday, 22 Apr 2015 | 7:45 AM ET

    BALTIMORE _ T. Rowe Price Group Inc. on Wednesday reported first-quarter net income of $301.1 million. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.14 per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • 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.

  • Retirement funds are becoming riskier—here's why Monday, 23 Mar 2015 | 4:55 PM ET
    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.

  • NEW YORK, Dec 31- The U.S. bond market could enjoy a solid 2015, but don't expect a repeat of the spectacular run that some fixed-income sectors enjoyed this year, investors said on Wednesday. U.S. government debt that matures in 20 years and beyond is on track for a 27 percent return for 2014, according to Barclays, in a year when the S&P 500 index has gained nearly 15...

  • "If people think this is just to raise the flag, it's not going to last long," said Christopher Flensborg, Head of Sustainable Products and Product Development for Skandinaviska Enskilda Banken AB, the Swedish bank that's the world's largest underwriter of green bonds. Green bonds used to come exclusively from AAA-rated organizations like the World Bank; the...

  • What you don't know about Social Security can hurt Thursday, 11 Dec 2014 | 9:00 AM ET
    A man reads through a Social Security Benefits Application.

    The decision to file as early as possible for Social Security benefits will cost many Americans hundreds of thousands of retirement dollars.

  • Uber investors see IPO that would top $100 billion Friday, 5 Dec 2014 | 2:23 PM ET
    The Uber car service app is displayed on an HTC smartphone in Berlin, Nov. 24, 2014.

    A small group of elite investors are behind Uber's latest fundraising effort and believe the company is set for a massive IPO.

  • NEW YORK, Nov 24- U.S. fund firms are taking extra measures to make sure they don't get stuck holding hard-to-sell bonds in the event that fixed income markets see a massive race to the exits when interest rates start to rise. Over the past few months a growing number of asset managers, including Neuberger Berman, Natixis Global Management and T. Rowe Price have been...

  • BOSTON, Nov 3- Big mutual funds at T. Rowe Price Group and Fidelity Investments are the industry's largest holders of Alibaba Group Holding Ltd shares, according to recent fund disclosures. Alibaba's initial public offering in late September, the largest in history, has helped boost the performance of many fund managers, the data show. Alibaba's IPO initially...

  • BOSTON, Nov 3- Portfolios run by T. Rowe Price Group and Fidelity Investments are the largest mutual fund investors in Alibaba Group Holding Ltd, according to recent fund disclosures. Alibaba's IPO in late September initially raised $21.8 billion, and its stock surged 38 percent in its stock market debut. Alibaba shares were up nearly 4 percent on Monday, trading...

  • Fed day: Give these guys your money Wednesday, 29 Oct 2014 | 8:41 AM ET
    Federal Reserve Board Chair Janet Yellen.

    Investors betting on rising rates and bank stocks may want to consider fund managers, especially with the Fed in no rush to push rates up.