Updated March 27 at 12:27am
Investing
376 results total, viewing 21 - 30
The British vote to exit – or Brexit – the European Union last month roiled public pension systems, as uncertainty in the international marketplace sent investors scurrying for less-volatile asset classes. Seth Magaziner, Rhode Island’s general treasurer, oversees the state’s $7.5 billion public pension system. He talks with Providence Business News about Brexit, pension performance through the fiscal year that ended June 30 and the effectiveness of its current asset allocation and assumed rate of return. more
Sean McGarry is vice president and retirement plan service manager at Rockland Trust. He talks with Providence Business News about the recent U.S. Department of Labor ruling on the “conflict of interest” regulation, which is designed to protect investors from hidden fees in retirement-investment advice. McGarry breaks down the regulation and how it could affect clients and financial advisers.v more
(Updated 11:43 a.m. to reflect corrected information) The state pension investment fund lost approximately $471 million in fiscal 2016, marking a 5.9 percent reduction to $7.5 billion compared with fiscal 2015. more
(Updated 12:22 p.m.) A business incubator created by state law is at risk of shuttering due to a lack of support from the legislature that fashioned it. Urban Ventures, a legislatively created incubator based in Providence, was originally formed to support … more
Employee health and well-being is a critical challenge for American companies. We know that poor employee health and well-being is a primary factor in the spiraling cost of health insurance. Add absenteeism, "presenteeism," lack of engagement and … more
United Natural Foods Inc. on Wednesday reported a 12.3 percent jump in profit in the second quarter, while also announcing plans to eliminate or relocate approximately 265 positions in the second half of the year as a cost-cutting measure. more
(Updated 11:26 a.m.) Acushnet Holdings Corp., the maker of Titleist golf balls and clubs and FootJoy shoes and performance clothing, aims to raise up to $464 million through an initial public offering. more
Although Rhode Island’s financial services industry accounted for 4.2 percent of direct employment in 2015, the industry contributed 9 percent of the state’s gross domestic product, ranking 8th most in the country. more
Stefan Pryor has reached his second anniversary as Rhode Island's first commerce secretary, a role that puts him at the intersection of job creation, business and housing development. more
Lots of boys go through a blowing-things-up phase in their early adolescence. Ed Thorp’s was more explosive than most. The son of a security guard (his dad) and a Douglas Aircraft riveter (his mom) growing up in a working-class town near Los Angeles during and after World War II, at age 11 Thorp found a recipe for gunpowder in an old encyclopedia and began manufacturing it in large quantities, using it to power homemade rockets and rocket cars. more
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