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Legg reports rise in managed assets
Legg Mason Inc. said total assets under management at the end of June were 2 percent higher than in June 2012.
T. Rowe Price launches new global fund
T. Rowe Price Group Inc., a Baltimore-based investment management company, announced the launch of the Global Allocation Fund, which it said is its most broadly diversified asset allocation fund.
First Potomac sells industrial assets
First Potomac Realty Trust, a Bethesda-based real estate investment trust, said it is selling 24 industrial properties, comprising approximately 4.3 million square feet, for a total of $259 million.
Legg reports managed assets up in April
Legg Mason Inc. reported assets under management in April 2013 totaled $655.4 billion, a 2.5 percent increase over the $639.3 billion that the company reported in April 2012.
Baltimore-based Signal Hill buying CA financial office
Signal Hill Capital Group LLC, a Baltimore-based investment bank, is acquiring the San Francisco office of Montgomery & Co., a Santa Monica, Calif.-based investment bank, for an undisclosed price, Bloomberg News reported.
House approves changes to InvestMaryland program
Critical changes would be made to Maryland’s signature venture capital program under legislation passed Saturday by the House of Delegates, holding a rare weekend meeting in advance of the legislature’s final day Monday.
Berkshire amends warrant deal with Goldman Sachs
OMAHA, Neb. — Warren Buffett’s company will likely become one of the biggest shareholders in Goldman Sachs Group Inc. later this year, and Berkshire Hathaway Inc. won’t even have to […]
T. Rowe Price unveils Social Security benefits evaluator
T. Rowe Price Inc., of Baltimore, a global investment management company, said it launched a new Social Security Benefits Evaluator to help individuals decide when and how to take Social Security, and how the federal social insurance program fits into their financial goals.
Legg Mason sees rise in Feb. managed assets
Legg Mason Inc. reported assets under management in February 2013 totaled $661 billion, a 3.6 percent increase over the $638 billion that the company reported in February 2012.
Factory orders signal investment surge
WASHINGTON — U.S. orders for machinery and other factory goods that signal business investment surged in January, indicating confidence in the economy. The Commerce Department said Wednesday orders for so-called […]
Groupon tumbles after weak 1Q revenue outlook
CHICAGO — Online deals company Groupon Inc. posted a larger fourth-quarter net loss on Wednesday, and its weaker than-expected revenue outlook sent its shares down 24 percent after-hours. The guidance […]
Sparks-based SC&H has role in EMG deal
SC&H Capital, of Sparks, an investment banking and advisory firm to middle-market businesses, announced that it served as financial advisor to Hunt Valley-based EMG Corp., a provider of real estate intelligence services, in EMG's acquisition of NVT Technologies Inc.
