Investing
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Swipely lands $12M Series B round
Swipely – the creator of a platform that helps local merchants accept payments and understand customers – has completed a $12 million Series B round of financing led by Shasta Ventures. more
U.S. stocks advance as leading indicators, sentiment gauges rise
U.S. stocks advanced, putting the Standard & Poor’s 500 Index on track for its fourth straight week of gains, as gauges for leading indicators and consumer sentiment advanced more than estimated. more
Rally matches 1990s Web-fed gains with valuations 28% lower
Returns from the U.S. equity bull market that started four years ago are matching those from the last half of the 1990s even as valuations are 28 percent lower. The Standard & Poor’s 500 Index has gained 26.2 percent annually, including dividends, since March 2009, the same as during the last 50 months of the technology bubble. more
UnitedHealthcare named new sponsor of Newport Marathon
UnitedHealthcare Employer & Individual of New England has been named the new title sponsor for the UnitedHealthcare Newport Marathon, taking over for Lincoln-based Amica Mutual Insurance Co., which held the title sponsorship position since 2009. more
| 5/9/13
BofA traders post gains all quarter as Morgan Stanley stumbles
Bank of America Corp.’s traders posted gains every business day during the first quarter as Morgan Stanley’s lost money in eight sessions, double the rate a year earlier. more
Looking to lure foreign investors
From the home of the Brooklyn Nets to a ski resort in northern Vermont and an office building in downtown New Bedford, enterprises across the country are cashing in on the global desire to live in the United States. more

By Patrick Anderson
PBN Staff Writer | 4/29/13

Capital Properties 1Q profit drops
Capital Properties Inc. reported a 33.5 percent drop in profit to $340,000, or 5 cents per share, during the first quarter of 2013 compared with earnings of $511,000, or 8 cents per share, during 2012. more
| 4/25/13
Dowling tapped as Brown investment officer
Joseph L. Dowling III has been named the new chief investment officer at Brown University effective June 2013, the school announced Thursday. more
Barron’s: Makin top adviser in Rhode Island
Raymond James’ Malcom Makin was ranked the top financial adviser in the state of Rhode Island, according to Barron’s financial magazine’s annual listing of the top 1,000 financial advisers in the U.S. more
4/23/12
Transparency, not risk, is the issue here
General Treasurer Gina M. Raimondo has taken more media shots for her choice to allocate 22 percent of the state’s pension funds to alternative investments, including hedge funds. more
4/22/13
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