Updated February 27 at 1:27pm
Financial Services
771 results total, viewing 21 - 30
(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
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
(Updated 12:22 p.m.) Joseph M. Baptista is the president of Anchor Financial Mortgage Inc. in Pawtucket. The mortgage firm recently partnered with R.I. Housing and its new program, the Ocean State Grad Grant, which is designed to help new graduates purchase homes. He talks with Providence Business News about his firm, the program and the benefits to buying versus renting. more
The Hilb Group of New England last week launched a new division designed to help businesses with voluntary benefit products. 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
Woodrow Crouch has been promoted to assistant vice president for Amica Life, at Amica Insurance. He previously served as a managing actuary. He holds a bachelor's degree in mathematics from Connecticut College. more
On Tuesday the Rhode Island Foundation announced the results of a report that analyzed the state’s small-business support capabilities, identified weaknesses in the business ecosystem and suggested opportunities for improvement. more
In some states, the more one drives, the more auto insurance costs. But in Rhode Island, the change in cost is negligible. more
(Updated 9:55 a.m.) Fidelity Charitable on Tuesday announced record-breaking giving for 2016, as grants through the first six months have increased 14 percent to $1.6 billion compared with the same period last year. more
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