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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
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
S&P 500 rally shows analysts slow or investors too sanguine
The advance that pushed the Standard & Poor’s 500 Index to a record left companies trading closer to analyst price estimates than any time in at least seven years. more
BofA traders post gains all quarter as Morgan Stanley stumbles
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
Rally matches 1990s Web-fed gains with valuations 28% lower
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
With new name, GTECH changes ticker symbol
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
| 5/28/13
Fidelity Charitable releases donor-activity report
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
Historic tax credits can stabilize commercial tax bases
Rep. Jeremiah T. O’Grady’s career change from human resources to real estate, eventually becoming a project manager for Olneyville Housing Corp., put him in a unique position to watch the havoc caused by the collapse of the housing bubble. Elected to the General Assembly in 2010, the Lincoln Democrat is now trying to reverse some of the damage caused by the downturn through smart growth priorities such as the restoration of historic tax credits and transportation-funding reform. For his efforts on Smith Hill, O’Grady was a co-recipient of GrowSmart Rhode Island’s 2012 Outstanding Leadership Award. more
Derek Lombard
Age: 38 more
7/23/12
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
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