Investing
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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
GM invests in NanoSteel
General Motors Ventures LLC has invested in The NanoSteel Co., a maker of nano-structured steel materials design, the company announced Monday. more
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
Capital Properties profits drop 28% in 2Q
Capital Properties Inc. reported a 28 percent drop in profits from $807,000, or 12 cents per diluted share, during the second quarter of 2011 to $578,000, or 9 cents per diluted share, during the same period this year. more
| 7/31/12
Oppenheimer, RBS Citizens reach deal
Oppenheimer Holdings Inc., the investment bank run by Albert “Bud” Lowenthal, reached a client-referral agreement with RBS Citizens Financial Group Inc. to share middle-market clients for some services. more
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