Investing
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BofA attracts record new assets in ’12
Bank of America Corp., the second-largest U.S. lender, attracted record new assets last year to its unit-servicing retirement and other employee-benefit plans as it cross-sold products through the commercial bank, Bloomberg News said Tuesday. 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
Betaspring class vies for investor attention
It’s never the end for prospective businesses at Betaspring, according Melissa Withers, the startup accelerator’s chief of staff and “nerd-whisperer.” more

By Emily Greenhalgh
PBN Web Editor | 10/8/12

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
Biz plan contest gives top startups jump-start
If you ask Parker Wells, the Rhode Island Business Plan Competition played a major role in the success of his startup, Overhead.fm of Providence. Without it, he said his company would have had difficulty paying licensing fees and developing an app crucial to his business. more

By Michael Souza
PBN Staff Writer | 10/22/12

Expiring laws, election complicate tax planning
(Editor’s note: This is the first in a three-part series on tax-planning considerations and strategies for tax year 2012.) more
10/22/12
IlluminOss’ bone-repair system excites investors
For the past year venture capitalists have kept a watchful eye on surgeries like the broken-ankle repair Dr. Thomas Gausepohl performed on a woman in Marl, Germany, in June 2011. more

By Patrick Anderson
PBN Staff Writer | 10/22/12

Taking wild ride with classic cars
When penny stocks and mutual funds lose their luster, some investors put their money into something shinier, like a meticulously restored 1916 Crane Simplex Torpedo Runabout or a 1971 Dodge Superbee. more

By Patrick Anderson
PBN Staff Writer | 10/29/12

Fidelity holding firm sues to protect name use
BOSTON – FIL Ltd., the holding firm of the Fidelity group of companies that manages $233 billion of assets, sued Singapore and Hong Kong companies for using the Fidelity name without its permission, Bloomberg News reported last week. more
10/29/12
Dividends may lose tax-favored status in 2013
(Editor’s note: This is the final installment in a three-part series on tax-planning considerations and strategies for tax-year 2012.) more
11/5/12
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