Financial Services
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The first quarter of 2012 was a record-breaking one for the financial markets. The S&P 500 gained more in one quarter than it has since 1998 and the NASDAQ had the best quarter in its history, though still below its all-time high of 5,000. more
Former Red Sox pitcher Curt Schilling’s defunct videogame company 38 Studios LLC begins liquidation Tuesday, news sources report. more
Brookline Bancorp Inc., the parent company of Bank Rhode Island announced on Thursday it has set aside $4.2 million to cover possible losses from two business loans BankRI issued shortly after Brookline bought the bank in January. more
A free seminar, “First-Time Homebuying Made Easy,” will be held on Monday, Aug. 6, 2012 at 6 p.m., at Washington Trust’s Reservoir Avenue Office at 645 Reservoir Ave., in Cranston. more
The U.S. Small Business Administration has joined with the U.S. Department of Veterans Affairs and the U.S. Department of Defense to launch a training program for transitioning service members and veterans to help them become entrepreneurs and create jobs. Operation Boots to Business: From Service to Startup is a national initiative that will be piloted with the U.S. Marine Corps. more
When Rhode Island secured a $13.1 million grant from the U.S. Treasury to lend to small businesses in 2011, finding Ocean State companies to take the money didn’t register as a concern. more
The largest accounting firm in Rhode Island, Kahn, Litwin, Renza & Co., has made connecting with the next generation of New England entrepreneurs part of its growth strategy. Longtime participants in the Rhode Island Business Plan competition, KLR is now launching an Emerging Business Center incubator space in its offices on North Main Street in Providence. more
The accounting firms of Kahn Litwin Renza & Co. Ltd. and Fay & Associates have merged effective Jan. 1, the firms announced Wednesday. more
Bank of America Corp.’s brokerage and JPMorgan Chase & Co.’s asset-management division are among businesses ripe for divestiture if U.S. banks break up to improve stock prices, according to CLSA Ltd.’s Mike Mayo. more
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