Portfolio

T. Rowe Price Group reported its fourth quarter 2011 results, including net revenues of $671.6 million, net income of $188.4 million, and diluted earnings per common share of $.73.

Federated Investors reported earnings per EPS of $0.36 for the quarter ended Dec. 31, 2011 as compared to $0.45 for the same quarter last year. Net income was $36.9 million for Q4 2011 compared to $46.4 million for Q4 2010.

Janus reported fourth quarter net income of $35.7 million, or $0.19 per diluted share, compared with net income of $27.4 million, or $0.15 per diluted share, in the third quarter 2011 and net income of $65.9 million, or $0.36 per diluted share, in the fourth quarter 2010.

Invesco issued financial results for the year and three months ended Dec. 31, 2011. "Invesco’s efforts to provide strong, long-term investment performance to our clients contributed to the third year of long-term organic growth." said Martin Flanagan, president and CEO.

The Dow Jones Industrial Average shed 22.33 points to close at 12,734,63 Thursday following a pair of somewhat discouraging economic reports on jobs and new homes.

Duncan Niederauer, CEO of NYSE Euronext, said at the Davos economic summit that he 'misjudged the process' that would be needed to get his company's merger with Deutsche Boerse approved.

The chief executive officer of NYSE Euronext said at the Davos economic summit that he 'misjudged the process' that would be needed to get his company's merger with Deutsche Boerse approved.

The head of the Senate Permanent Subcommittee on Investigations called for an end to private letter rulings from the Internal Revenue Service which have “essentially opened the floodgates” for mutual funds to speculate in commodities from offshore tax havens such as the Cayman Islands.

The head of the Senate Permanent Subcommittee on Investigations called Thursday for an end to private letter rulings from the Internal Revenue Service which have “essentially opened the floodgates” for mutual funds to speculate in commodities, from off-share tax havens.

Advisors don’t only have to bemoan the U.S. Postal Service’s decline — there are ways to profit from it. It’s worth at least considering an investment in ETFs that have exposure to companies like FedEx and UPS, according to an analysis by S&P Capital IQ.