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Fed’s Rosengren backs bond buying through ’13 to lift growth
Federal Reserve Bank of Boston President Eric Rosengren said he wants to continue the central bank’s bond purchases through year’s end and raise or lower the pace in response to economic data. more
Prov. Equity, Madison Dearborn to maintain control of CDW
The private equity firms of Providence Equity Partners and Madison Dearborn Partners LLC will maintain a controlling stake in Chicago-based computer equipment maker CDW Corp. after a $500 million planned stock sale, reported Crain’s Chicago Business. more
| 3/25/13
Nabsys lands $20M in Series D round
Nabsys Inc., a life sciences company focused on the creation of a single-molecule platform for genomic analysis, has closed a $20 million Series D financing round, the company announced Wednesday. more
Capital Properties sees profits slip slightly in 2012
Capital Properties Inc. reported a 0.9 percent drop in profit to $2.01 million, or 31 cents per share, during 2012 compared with earnings of $2.03 million, or 31 cents per share, during 2011. more
| 3/12/13
R.I. companies announce quarterly dividends
Some of Rhode Island’s largest companies announced second quarter 2013 dividends this Wednesday, which will be paid to shareholders in the coming months. more
Providence sells road bond issue at lower-than-expected interest rate
Rhode Island’s capital city successfully sold its $39.3 million general obligation road bond issue at lower than expected rates, Mayor Angel Taveras announced. more
| 3/7/13
Interest rates at R.I. banks dropped 25% from ’11, study says
Interest rates offered by Rhode Island’s banks and credit unions for certificate of deposit and savings accounts fell an average 25 percent between 2011 and 2013, according to a study released Wednesday by GoBankingRates.com. more
| 3/6/13
Conn.-based SI Financial Group buying Newport Fed
Newport Bancorp Inc., parent company of Newport Federal Savings Bank, is being bought by SI Financial Group Inc., the parent of Savings Institute Bank and Trust Company, for a combination of stock and cash valued at about $61.3 million. more
| 3/5/13
Nautic Partners sells Big Train to Kerry Group
Nautic Partners LLC, a middle-market private equity firm based in Providence, has completed the sale of Big Train Inc. to Kerry Group PLC, the company announced Wednesday. more
| 2/27/13
BofA surge affirms Buffett bet as Moynihan recovers from gaffes
Brian Moynihan was impatient. It was August 2011, and the Bank of America Corp. chief executive officer was reviewing plans to impose a $5 monthly fee on debit-card users. more
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