Legg Mason Inc. agreed to pay $64.2 million to settle a probe of an affiliate that managed investments for the Libyan government when Moammar Gadhafi led the country.

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Legg Mason’s largest shareholder, Shanda Group, is adding two members to the Baltimore money manager’s board of directors and plans to purchase up to 15 percent of the company’s common stock. Legg Mason announced Monday that the agreement is part ...

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Bill Miller is leaving Legg Mason after more than three decades. The stock picker, famed for beating the S&P 500 Index for 15 straight years when he ran the Legg Mason Value Trust, is buying Legg Mason’s stake in LMM ...

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Activist investor Trian Fund Management agreed to sell its 9.9 percent stake in Legg Mason Inc. to Shanda Group, ending a six-year push to lift the share price of the Baltimore-based money manager. Trian is selling “substantially all” of the ...

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A handful of financial institutions have signed on to be part of BLocal, an initiative that brings together 25 area businesses and organizations to direct more resources toward helping Baltimore residents and small businesses. Companies including T. Rowe Price, Legg ...

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Across the country, people are working from home more than ever. Census Bureau data shows that half the U.S. workforce has a job that can be done from home, and one in four people work from home on a regular ...

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Baltimore-based Legg Mason Inc. reported a fiscal second quarter profit that fell short of analysts’ estimates as the stock market slump eroded assets and fees for overseeing them. Net income rose to $64.3 million, or 58 cents a share, from ...

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Legg Mason has completed the acquisition of the majority shares in RARE Infrastructure Limited, a global listed infrastructure manager based in Sydney, Australia.  As of Oct. 20, RARE Infrastructure reported assets under management of $6.8 billion. The company has offices ...

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Legg Mason, Inc. Thursday reported net income of $94.5 million and adjusted income of $129.3 million in the first fiscal quarter of this year compared to $72.2 million and $107.2 million, respectively, for the same quarter last year. For the current quarter, ...

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Legg Mason Inc. has agreed to acquire most of Australian firm RARE Infrastructure Ltd. The company, based in Sydney, and with offices in Melbourne, London and Chicago, specializes in global-listed infrastructure investments and manages $7.6 billion for its clients, according ...

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