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CVS announces cash tender offers on senior notes
(Updated, 4 p.m.) CVS Caremark Corp. has commenced cash tender offers for any and all 6.6 percent senior notes due 2019 as well as for 6.125 percent senior notes due 2016 and 5.75 percent senior notes due 2017. more
| 11/26/12
Fidelity says 401(k) balances reached highest level last quarter
Fidelity Investments, the largest provider of 401(k) retirement plans, said average balances in employer-sponsored accounts reached the highest level since it began tracking values in 2000, as market gains boosted assets. more
Capital Properties profits rise in 3Q
Capital Properties Inc. reported a 2.7 percent rise in profit to $514,000, or 7 cents per share, during the 2012 third quarter compared with earnings of $139,000, or 2 cents per share, during the same 2011 period. more
| 11/7/12
Procaccianti sells Westin to Omni
The Procaccianti Group has agreed to sell the Westin Providence Hotel to Omni Hotels & Resorts in a deal that is expected to close in December. more
| 10/5/12
Waldorf Capital pays $3.4M for Fall River apartments
Tag Fall River Real Estate III LLC, a division of Providence-based Waldorf Capital Management LLC, paid $3.42 million for the Clearview Apartments in Fall River, reported the Boston Business Journal. more
| 10/2/12
U.S. 10-year swap spreads may widen after inverting, BofA says
The difference between U.S. 10-year interest-rate swaps and Treasuries of comparable maturity may widen as changes in fiscal, monetary and regulatory policy limit the debt’s supply, Bank of America Corp. said. more
BofA to pay $2.43 billion to end shareholder suit over Merrill
Bank of America Corp. agreed to a $2.43 billion settlement with investors who suffered losses during its acquisition of Merrill Lynch & Co., resolving one of the biggest legal battles to stem from the takeover. more
Covidien’s Mallinckrodt to acquire CNS Therapeutics
Medical device maker Covidien LLC’s pharmaceutical arm, Mallinckrodt, has entered into a definitive agreement to acquire St. Paul, Minn.-based CNS Therapeutics Inc. more
| 9/24/12
TheStreet upgrades Projo parent company’s rating
A.H. Belo Corp., the Dallas-based parent company of the Providence Journal and three other daily newspapers, has been upgraded from “sell” to “hold” by TheStreet Ratings. more
| 9/19/12
Slater invests $130K more in MoFuse
Rhode Island public venture capital firm Slater Technology Fund has added $130,000 to its investment in Warwick mobile Internet management company MoFuse, Slater announced Tuesday. more
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