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Rating agency Fitch Ratings has downgraded the R.I. Airport Corporation’s airport revenue bonds from A- to BBB+ and changed its rating outlook to “stable,” the agency announced Tuesday afternoon. more
A new report has shed light on the charitable donation patterns of people who contribute to donor-advised funds operated through Fidelity Charitable, finding that many donors are older, actively engaged in philanthropy and clustered in large metropolitan areas, the charity announced Monday. more
Along with the name change to GTECH SpA, which will go into effect on June 3, Lottomatica Group SpA is also changing its company ticker. more
Medical technology maker Covidien PLC’s board of directors has approved the separation of its Mallinckrodt pharmaceuticals business from the rest of Covidien, the company announced Friday. more
Swipely – the creator of a platform that helps local merchants accept payments and understand customers – has completed a $12 million Series B round of financing led by Shasta Ventures. more
U.S. stocks advanced, putting the Standard & Poor’s 500 Index on track for its fourth straight week of gains, as gauges for leading indicators and consumer sentiment advanced more than estimated. more
Returns from the U.S. equity bull market that started four years ago are matching those from the last half of the 1990s even as valuations are 28 percent lower. The Standard & Poor’s 500 Index has gained 26.2 percent annually, including dividends, since March 2009, the same as during the last 50 months of the technology bubble. more
UnitedHealthcare Employer & Individual of New England has been named the new title sponsor for the UnitedHealthcare Newport Marathon, taking over for Lincoln-based Amica Mutual Insurance Co., which held the title sponsorship position since 2009. more
Bank of America Corp.’s traders posted gains every business day during the first quarter as Morgan Stanley’s lost money in eight sessions, double the rate a year earlier. more
Capital Properties Inc. reported a 33.5 percent drop in profit to $340,000, or 5 cents per share, during the first quarter of 2013 compared with earnings of $511,000, or 8 cents per share, during 2012. more
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