T. Rowe Price raises safety concerns as it weighs headquarters options

As T. Rowe Price weighs whether to remain at its Pratt Street headquarters in the heart of Baltimore, the safety of its employees is a key concern, the company's CEO said Wednesday. Employees of the Baltimore-based money manager have been harassed by groups of youths, and one of Price's vendors from New York was mugged outside his downtown hotel within the past two months, said CEO James A. C. Kennedy. Price contacted the city several weeks ago about its concerns. (Balt. Sun)

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T. Rowe Price closes nine investor centers

T. Rowe Price Group Inc. has closed nine of the company’s 15 walk-in investor centers around the country as mutual-fund buyers continue to do more of their transactions by telephone or online. About 40 people worked in the offices, which closed May 31. All were offered other positions with the company, T. Rowe Price CEO James A.C. Kennedy said in an interview Wednesday. (Balt. Bus. Journal)

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Virginia contractor warns of layoffs in Silver Spring, College Park

A Northern Virginia government contractor has warned Maryland’s labor department it may lay off 106 workers in Montgomery and Prince George’s counties as part of a possible contract loss. MVM Inc. provides security services for National Oceanic Atmospheric Administration’s facilities in Silver Spring and College Park. That contract is set to expire on Sept. 30. (Balt. Bus. Journal)

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Greenwood Racing CEO Tony Ricci likes his chances at winning the Prince George's casino competition

Greenwood Racing Inc. CEO Tony Ricci is so confident he will best two other competitors for the right to build a new casino in Prince George's County that he's not allowing himself to think of the possibility of losing. (Wash. Bus. Journal)

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Bidder for Prince George’s casino buys $1.4 million parcel in Fort Washington

Maryland won’t pick a winning Prince George’s County casino site for several months, but one of the three bidders has moved forward with a $1.4 million land purchase. An affiliate of Greenwood Racing Inc. last month acquired a 22-acre site near Indian Head Highway and Old Fort Road in Fort Washington, according to a deed filed with the Circuit Court for Prince George’s County. (Wash. Post)

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T. Rowe stock plunges on asset decline

T. Rowe Price Group reported a 20 percent increase in earnings for the second quarter Wednesday, but a decline in assets under management when investors withdrew money contributed to a sharp sell-off of the company's stock. The Baltimore-based money manager said it earned $247.8 million in the April-to-June quarter, about 20 percent higher than the $206.8 million it earned a year ago. (Balt. Sun)

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Harbor Point developer tries to 'woo' T. Rowe Price

Developer Michael Beatty has pitched T. Rowe Price Group Inc. on a new headquarters building he wants to construct for the mutual fund giant at Harbor Point, T. Rowe CEO James A.C. Kennedy said Wednesday. T. Rowe has four years remaining on its lease at 100 E. Pratt St. and is looking at options that include Harbor Point or staying at its current location. It has also received proposals from other developers whom Kennedy declined to identify. (Balt. Bus. Journal)

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Airport concession workers hold picket

BWI Marshall airport concessions workers held an informational picket before the state Board of Public Works vote Wednesday morning on a massive expansion program that will set the table for more international flights. Workers say they act as good will ambassadors and travel information sources for BWI's millions of annual passengers. But, they say, they don't get medical insurance, sick leave or paid vacations from AirMall USA, the company that manages airport concessions. (Balt. Sun)

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