Money manager Legg Mason Inc. is keeping it in the family at its Baltimore headquarters, opting to retain interim CEO Joseph A. Sullivan in that position permanently, officials announced Wednesday.

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Activist investor Nelson Peltz, a Legg Mason Inc. board member rumored to have influenced CEO Mark Fetting’s resignation, has unloaded some of his stock holdings in the company.

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Fetting out as Legg CEO Mark R. Fetting will step down as chairman and CEO of Legg Mason Inc. on Oct. 1, a move that raises questions about the iconic Baltimore company’s direction. Fetting assumed the top job at Legg ...

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Mark R. Fetting will step down as chairman and CEO of Legg Mason Inc. on Oct. 1, a move that raises questions about the iconic Baltimore company’s direction.

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Baltimore-based Legg Mason Inc. said Tuesday that its fiscal fourth-quarter profit increased 10 percent as it cut expenses to offset the impact of lower stock and bond assets. Net income rose to $76.1 million, or 54 cents a share, in ...

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Legg Mason Inc. said Friday that its fiscal third-quarter profit declined 54 percent as assets fell, lowering fees for managing investors’ money. Baltimore-based Legg earned $28.1 million, or 20 cents a share, in the quarter that  ended Dec. 31, from ...

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Asset manager Legg Mason Inc. on Thursday said its fiscal second-quarter profit plunged 25 percent as its customers pulled money out of the markets, which experienced the worst quarter since the economic crisis, and its investments lost value. The results, ...

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As part of its continuing restructuring efforts, Legg Mason Inc. said Tuesday that it had laid off 180 people, about 5 percent of its workforce, at the beginning of the month. The staff reduction, part of an effort to save ...

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Legg Mason Inc. on Thursday said its assets under management inched higher in February compared with the previous month but fell from a year ago. The Baltimore-based investment manager reported managed assets of $672.7 billion as of Feb. 28, up ...

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Baltimore money manager Legg Mason Inc. said Wednesday its fiscal third-quarter profit increased 37 percent to $61.6 million on revenue of $721.9 million. CEO Mark Fetting attributed the “solid earnings” — totaling 41 cents per diluted share — to stronger ...

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