Investing
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A survival guide for managing investments
With the new year under way, pundits are issuing their forecasts of market returns for 2013 and beyond, while a number of big uncertainties loom on the horizon. more
2/18/13
The Absolute way for firms to buy efficiently
Procurement deals between Global 2,000 companies and their suppliers can be worth hundreds of millions of dollars and are increasingly fulfilled through software from firms such as Oracle and SAP. more

By Patrick Anderson
PBN Staff Writer | 2/18/13

Fidelity’s operating income falls 29% as clients pull money
Fidelity Investments, the second- largest U.S. mutual fund company, said operating income declined 29 percent as fee pressure, low interest rates and redemptions from its active equity funds hurt revenue. more
Fitch rates Providence bonds ‘BBB,’ outlook negative
Fitch Ratings has ranked Providence’s general obligation bonds as “BBB,” outlook negative, due to what the global ratings company said was “remaining uncertainly” and the fact that the city still faces “financial pressure and limited flexibility.” more
| 2/15/13
International demand for U.S. assets rises on global slowdown
International purchases of U.S. stocks, bonds and other financial assets rose more than forecast in December as investors sought shelter from slowing global growth. more
Nortek to acquire 2Gig Technologies for $135M
Nortek Inc., a residential and commercial ventilation maker, has signed a definitive agreement to acquire Lehi, Utah-based 2Gig Technologies Inc., Nortek announced Thursday. more
| 2/14/13
Investors most bullish on banks since 2007, BofA survey shows
Investors are the most optimistic on banks since the top of the bull market in 2007, bolstered by record-low interest rates and an improving outlook for global growth and profits, a Bank of America Corp. survey showed. more
Will ‘Superman’ revive tax credits?
Smart-growth and economic-stimulus arguments haven’t convinced state leaders to bring back Rhode Island’s historic-tax-credit program for the past four years, but perhaps the sight of Providence’s tallest and most recognizable building vacant will. more

By Patrick Anderson
PBN Staff Writer | 2/11/13

Fidelity earns BOMA recognition
Fidelity Investments’ award for The Outstanding Building of the Year from The Building Owners and Managers Association in Boston is a first for a Rhode Island building since the competition began in 1985, said association spokeswoman Kayla Burmeister. more

By Rhonda Miller
PBN Staff Writer | 2/11/13

A.T. Cross to explore ‘strategic alternatives’ for accessory division
The A.T. Cross Co., a producer of high-end writing utensils and other personal accessories, announced in a press release late Monday that it is “exploring strategic alternatives” for its Cross Accessory Division. more
| 2/4/13
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