Updated July 3 at 9:03pm
Investing
119 results total, viewing 41 - 50
The Business Development Company provided $2 million in loans to nine small businesses unable to obtain capital from traditional sources during its fiscal third quarter, an infusion of funding that is expected to create at least 30 jobs. more
CVS Health Corp., the largest provider of prescription drugs in the U.S., posted fourth-quarter earnings that beat analyst estimates as demand for drugs outweighed the drop in revenue from a decision to stop selling tobacco products. more
Altegrity Inc., the security firm that vetted National Security Agency contractor Edward Snowden for the U.S., filed for bankruptcy after state-sponsored hackers cost it two government contracts. more
The U.S. Treasury Department has released $4.3 million, the second tranche of a $13.1 million State Small Business Credit Initiative grant awarded to Rhode Island four years ago, to support the Slater Technology Fund’s SSBCI program. more
Boys toy sales helped fuel sales growth for Hasbro Inc. in 2014, with an increase of 45 percent in profit for the year. more
VimpelCom Ltd.’s Italian unit started exclusive talks with Abertis Infraestructuras SA to sell its wireless towers to the Spanish company, according to two people with knowledge of the matter. more
A long-time partner of LGC+D LLP has left the company and merged his wealth management business with a Fall River firm to create a new company – Convergence Wealth Advisors. more
(Updated 10:35 a.m. and 11 a.m.)Brown University may have had the largest endowment out of colleges and universities in Rhode Island in fiscal 2014, but Salve Regina University had the largest percentage gain at 17.3 percent. more
Standard & Poor’s agreed to be suspended from rating the biggest part of the commercial-mortgage bond market and pay almost $80 million to state and federal authorities over claims it bent criteria to win business. more
In what its CEO calls a “pivotal year,” Citizens Financial Group Inc. Monday reported net income of $865 million in 2014, an improvement on a $3.4 billion loss in 2013, which was fueled by a $4.1 billion after-tax goodwill impairment charge. Citizens reported earnings of $1.55 per diluted share for the year. more
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