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T. Rowe Price Group Inc

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  • T. Rowe misses 3Q profit forecasts Thursday, 23 Oct 2014 | 7:42 AM ET

    BALTIMORE _ T. Rowe Price Group Inc. on Thursday reported third-quarter earnings of $299.8 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of $1.16 per share. This story was generated by Automated Insights using data from Zacks Investment Research.

  • BOSTON, Oct 17- Taking a page from his last job, Eaton Vance's new Chief Equity Investment Officer bets that reorganizing his analysts into new teams will boost performance. Since joining the Boston company in April from Goldman Sachs, Edward Perkin has regrouped Eaton Vance's 27 stock analysts into teams meant to develop investment ideas that match the...

  • *National Stock Exchange of India Ltd: India's biggest stock exchange is over 10 percent owned by nation's biggest lender State Bank of India. State Bank of India owns about 4.8 percent of BSE, while Central Bank of India and Bank of India also own about 1 percent each. State Bank of India, Bank of Baroda and Punjab National Bank each own 18.5 percent of the fund house.

  • NEW YORK, Oct 10- The hunt for dividend yield is pushing U.S. fund managers into an unproven new offshoot of the alternative energy industry. Notable buyers include the $29.3 billion BlackRock Equity Dividend Fund and the $9.2 billion T. Rowe Price Small-Cap Stock fund. "We see these as a way to get a decent yield now and high likelihood into the yield growing...

  • Oct 10- In changes that have raised the potential investment risks in many 401 retirement accounts, several major fund companies are increasing the stock allocation of their target date funds, which are used by many of those with such plans. BlackRock Inc, Fidelity Investments and Pacific Investment Management Co- all firms that have seen returns in their...

  • Oct 1- Houzz, an online platform for home remodelling and design, said it had closed a $165 million financing agreement to accelerate its expansion into international markets.

  • Sept 26- T. Rowe Price, the second largest shareholder in Allergan Inc, said on Friday that it wants the company to hold off on making major moves before a Dec. 18 special shareholder meeting, and criticized the board's corporate governance.

  • MALVERN, Pa., Sept 16- As U.S. investors race into Vanguard Group mutual and exchange-traded funds at breakneck speeds, the No. 1 mutual fund company's overseas operations have expanded at a comparative snail's pace.

  • LONDON, Aug 15- U.S. investors are withdrawing billions of dollars from European stocks as signs of a stalled economic recovery, compounded by the Ukraine crisis, halt the past year's scramble to buy back into the region.

  • BOSTON, Aug 14- Billionaire investor William Ackman, who often says he is flattered when others follow him into a stock he likes, was joined by several prominent hedge funds that made new bets on takeover target Allergan Inc during the second quarter.

  • Stern Advice-How to buy financial advice now Wednesday, 30 Jul 2014 | 11:36 AM ET

    NEW YORK, July 30- The financial advice business is changing dramatically in every aspect, from how advisers spend their time, to what they charge, to how they label and promote themselves.

  • *UAE and Qatar recently upgraded to emerging market status. LONDON, July 16- Despite their recent upgrade to the more mainstream emerging market league, United Arab Emirates and Qatar are considered risky enough by many investors that they still treat them like frontier markets.

  • Target date fund assets soar to $624 billion - study Tuesday, 24 Jun 2014 | 8:00 AM ET

    BOSTON, June 24- Assets in target date funds rose 24 percent to $624 billion in 2013, a new report found, reflecting a surging stock market and how investors have flocked to the simplified retirement savings vehicles- often as their default choice.

  • New York, June 13- The big retirement benefit consultants are facing increasing competition as financial advisers move in on their turf, according to Chip Castille, the head of BlackRock's U.S. retirement group.

  • NEW YORK, June 11- For U.S. mutual fund investors, this is shaping up to be a year when it pays to go small. In what mutual fund experts call a rarity, tiny funds with less than $100 million in assets under management are either leading or are among the top three or four best performers in every major U.S. stock category tracked by Morningstar for the year through June 10.

  • A takeover bid that caused much consternation didn't even go through after AstraZeneca PLC said "no thanks" to Pfizer Inc. in April. The episode caused Eric Sappenfield, co-manager of the John Hancock Global Shareholder Yield Fund, to turn cautious on Pfizer, although he still owns some.

  • NEW YORK, May 28- For some people, the magic of compound interest alone is enough to sell them on a 529 college savings plan, but others seem to need more incentive. Enter 529 Day, appropriately designated for May 29, aimed at raising awareness about the importance of saving for university and the advantages of a 529 plan.

  • NEW YORK, May 28- For some people, the magic of compound interest alone is enough to sell them on a 529 college savings plan, but others seem to need more incentive. Enter 529 Day, appropriately designated for May 29, aimed at raising awareness about the importance of saving for university and the advantages of a 529 plan.

  • YOUR MONEY-Why it may be OK to bribe your kids Tuesday, 29 Apr 2014 | 12:16 PM ET

    NEW YORK, April 29- As any exasperated parent will tell you, kids today are so plugged in and mature beyond their years that it is difficult to find a way to discipline them. According to a new survey by Baltimore- based investment managers T. Rowe Price, bribery is a critical part of the parental toolkit.

  • SAN FRANCISCO, April 29- Doximity, an online professional network for physicians, has raised $54 million in new funding from investors including T. Rowe Price and Draper Fisher Jurvetson, making it one of the most well-financed private companies in health IT.