Updated March 6 at 12:06pm
Investing
145 results total, viewing 21 - 30
Former Alex and Ani CEO Giovanni Feroce has formed an investment firm in Providence focused on backing retail and media ventures, he said in an interview with Providence Business News. The new firm, called GF Asset Management LLC, has about a dozen employees based in offices at 39 Pike St. in the Fox Point section of the city. more
The U.S. Treasury Department has released $4.3 million, the second tranche of a $13.1 million State Small Business Credit Initiative grant awarded to Rhode Island four years ago, to support the Slater Technology Fund’s SSBCI program. more
Royal Bank of Scotland Group Plc, Britain’s largest taxpayer-owned lender, posted a seventh straight annual loss after writing down its U.S. unit and forecast higher restructuring costs as it shrinks its investment bank. more
A Massachusetts accounting agency last month opened a new office in Newport to be closer to Rhode Island clients, the company said. more
NEW YORK - RBS Citizens Financial Group Inc.’s capital plan was among five that failed Federal Reserve stress tests, while Goldman Sachs Group Inc. and Bank of America Corp. passed only after reducing their requests for buybacks and dividends. more
CVS Health Corp. beat analyst estimates as the company’s prescription drug sales more than made up for the revenue loss the company has suffered after it quit selling tobacco in its retail pharmacies. more
Brown University posted a 16.1 percent gain on its endowment investments in the year that ended June 30. more
Fidelity Investments will lay off 460 employees in Kentucky and Texas over the next 12 to 18 months following the outsourcing of the company’s printing and mailing operations. more
U.S. stock-index futures declined, signaling benchmark gauges may fall from record levels, as investors consider valuations that are the highest since 2009. more
U.S. stocks fluctuated, with benchmark indexes near all-time highs, as investors assessed data on labor, manufacturing and housing to gauge the strength of the American economy. more
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