Investing
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Argentina is in default again, but its latest predicament is far from your garden-variety sovereign debt crisis. This time South America’s second-largest economy has been tripped up not by new borrowing, but by a lawsuit from American hedge funds blocking settlements with bondholders over a 2001 default. more
Researchers in Bethesda, Md., have spent eight years developing a handheld device to quickly assess potential brain trauma in injured U.S. soldiers and athletes with concussions. more
The Rhode Island Foundation manages its finances to make sure that its capital endowment grows in perpetuity, a key function of its identity as a community foundation. more
Here’s something that puzzled me when I was the chief investment officer of New York City’s pension plan: Only 5 percent of the investment firms that managed the city’s $160 billion, and only 15 percent of the products the city invested in, were managed by women. The numbers plummeted when counting women of color or asset classes other than public equities. more
Betsey A. Purinton, 64, the managing director and chief investment officer for StrategicPoint Investment Advisors in Providence, is 13 years into her latest career – and still growing. more
This year’s Treasury market rally has been stronger than every economist surveyed by Bloomberg News predicted. more
U.S. stocks rose, sending the Standard & Poor’s 500 Index above 2,000 for the first time, on signs of more corporate takeovers and stimulus for the European economy. more
Aspen Aerogels Inc., a nanotechnology firm that designs and manufactures energy-efficient insulation products, has reported a second-quarter net loss of $42.2 million, more than doubling the net loss of $19 million posted for the same period last year. more
Private equity firm Nautic Partners LLC has acquired Custom Window Systems Inc., a manufacturer of impact-resistant and non-impact windows, doors and porch enclosures. more
Providence Equity Partners Inc. is considering acquiring a stake in Canadian wireless provider Wind Mobile, people with knowledge of the matter said, as Canada continues its effort to create a fourth national carrier. more
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PBN's annual Book of Lists has been an essential resource for the local business community for almost 30 years. The Book of Lists features a wealth of company rankings from a variety of fields and industries, including banking, health care, real estate, law, hospitality, education, not-for-profits, technology and many more.
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