Financial Services
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More investors turning to indexed annuities
Gains in indexed annuities are making some financial planners take notice, with first-quarter sales jumping 14 percent compared to last year. Overall, annuity sales are currently slumping, but indexed annuities are turning into a hot commodity. more
Eric D. Turner
Age: 35 more
7/23/12
Stocks rise to highest level since May after jobs report
U.S. stocks rose, sending the Standard & Poor’s 500 Index toward the highest level since May, after data showed payrolls climbed more than forecast even as the jobless rate unexpectedly rose to a five-month high. more
Community-bank status helping Coastway expand lending
Bill White has served as the president and CEO of Coastway Community Bank since 2000, when the bank merged with the Ocean State Community Credit Union. more
38 Studios leaves big space to fill
When Blue Cross & Blue Shield of Rhode Island left One Empire Plaza in Providence for its new Capital Center headquarters in 2009, it only took a year for the building’s owner to find a new tenant, Curt Schilling’s 38 Studios LLC. more
After 44 years, R.I.’s first bankruptcy judge retires
After serving 44 years as the first and only bankruptcy judge in the state, U.S. District Judge Arthur Votolato celebrated his retirement among friends on Tuesday. more
Providence Equity Partners acquires Miller Heiman
Global private equity firm Providence Equity Partners has acquired Reno, Nev.-based Miller Heiman, Miller announced Wednesday. more
| 1/9/13
BankRI parent sets aside $4.2M for losses tied to 38 Studios
Brookline Bancorp Inc., the parent company of Bank Rhode Island announced on Thursday it has set aside $4.2 million to cover possible losses from two business loans BankRI issued shortly after Brookline bought the bank in January. more
Consumers paying back loans faster
Despite continued high unemployment as the economy slowly recovers from the Great Recession, one indicator points to potential improvement: Borrowers are paying back their debts in a more timely manner. more

By Michael Souza
PBN Staff Writer | 9/17/12

Graduation test: budgeting today
Figuring out a personal budget is a relatively easy process. more
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