Legg Mason News

Two executives at Legg Mason Capital Management have left the company. The moves come as Legg Mason Inc.

Legg Mason's move comes as a growing number of mutual fund companies consider offering funds in which the net asset value floats, rather than remains fixed.

Legg Mason plans to offer a new kind of fixed-income mutual fund designed to appeal to investors looking for the liquidity of money-market funds.

Harbor East is moving farther east with baker-cum-developer John Paterakis Sr. 's announcement Friday that he will break ground this summer on a new, mega- Whole Foods and later on a new residential/retail building across Central Avenue from the glittering mini-city he has almost single handedly built during the last 15 years.

Legg 's preliminary figure for April was $655.4 billion, down from $664.6 billion on March 31.

Minority-owned businesses are signaling Harbor Point developer Michael Beatty will face pressure to meet minority participation goals on the $1 billion project.

Legg Mason Inc. shares continued moving higher Wednesday morning, a day after closing at a new 52-week high.

RBC Capital currently has a sector perform rating on the stock. A number of other analysts have also recently weighed in on LM.

"Investors have poured their money into airlines and airline manufacturers for 100 years with terrible results," Buffett said at Berkshire Hathaway's annual shareholder meeting.

If Legg Mason Inc.'s stock price continues its climb, CEO Joseph Sullivan stands to become a rich guy.

The firm currently has a "sector perform" rating on the stock. Several other analysts have also recently commented on the stock.

United Capital's 'Starbucks Strategy' Joe Duran wants United Capital to get Venti by tactically training advisors so the experience a client receives at a United Capital office in Cleveland is the same as the experience they'd receive in New Jersey.

A number of other analysts have also recently weighed in on LM. Analysts at EVA Dimensions downgraded shares of Legg Mason to an "overweight" rating in a research note to investors on Friday, April 19th.

The firm currently has a "neutral" rating on the stock. A number of other analysts have also recently weighed in on LM.

Invesco Ltd., owner of the Invesco, Van Kampen and PowerShares funds, said first-quarter profit rose 15 percent as record client deposits lifted assets.

Major U.S. money managers on Tuesday reported higher quarterly profits that largely beat Wall Street expectations after rising stock markets renewed investor interest in higher-fee equity funds.

Legg Mason Inc., the Baltimore- based money manager that appointed a new chief executive officer in February, said fiscal fourth-quarter profit fell 62 percent as client withdrawals from its stock and bond funds continued.

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The following financial services industry appointments were announced on Monday.

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