Quantcast

T. Rowe Profits Leap

T. Rowe Price Associates Inc. reported a 29 percent jump in profits for the second quarter and said an increase in managed assets also sparked a 22 percent growth in revenues.<@SM><@SM><TAB>The Baltimore-based investment advisory firm had second-quarter net income of $69.3 million, compared to $53.7 million for the same quarter last year. Diluted earnings per share were 54 cents for the quarter, compared to 41 cents in 1999, and beat Wall Street

Read More »

Black & Decker Beats Analysts’ Crystal Ball for Second Quarter Earnings

Black & Decker Corp.’s second-quarter earnings topped analysts’ predictions and beat the firm’s performance for the same quarter in 1999, the company reported yesterday.<@SM><@SM><TAB>The Towson-based manufacturer and marketer of power tools, household appliances, security hardware, home improvement products and technology-based fastening systems, posted net earnings of $83 million for the quarter ended July 2, compared to $70.7 million last year.

Read More »

Still Bullish on Market

When Edgar M. Boyd ceremonially rings the closing bell at the New York Stock Exchange this afternoon, it will be a sentimental gesture for the old-school broker who has been around for more than five decades.<@SM><@SM><TAB>The 80-year-old Baltimore native started his career at what was then Baker Watts in January 1946, just after his discharge from the Navy, and he never left the job.

Read More »

Highway Safety Agency Upgrades Investigation of Some Ford Trucks

A federal safety agency on yesterday upgraded its investigation of nearly 250,000 Ford Motor Co. trucks after hundreds of drivers cited problems with braking and steering.<@SM><@SM><TAB>There have been 233 complaints and 310 warranty claims involving 1999 and 2000 model Ford Super Duty F Series and Stripped Chassis with Hydroboost trucks, according to the National Highway Traffic Safety Administration.

Read More »