Updated January 26 at 10:26am
Investing
91 results total, viewing 1 - 10
In what its CEO calls a “pivotal year,” Citizens Financial Group Inc. Monday reported net income of $865 million in 2014, an improvement on a $3.4 billion loss in 2013, which was fueled by a $4.1 billion after-tax goodwill impairment charge. Citizens reported earnings of $1.55 per diluted share for the year. more
Venture capitalists invested $124.1 million in Rhode Island companies in 2014, $42 million more than in 2013, and the largest amount to date, according to the MoneyTree Report by PricewaterhouseCoopers LLP and the National Venture Capital Association. more
After startups from France’s Vente-Privee.com SA to the U.K.’s Hailo Network Ltd. retreated from the United States last year, European entrepreneurs are learning just how hard crossing the Atlantic can be. more
The parent company of the Providence Journal announced Wednesday that it launched a public offering of 7 million shares of stock for gross proceeds of approximately $151.9 million. more
Bank of America Corp., the second-largest U.S. lender, said fourth-quarter profit fell 11 percent as revenue from fixed-income trading declined. more
The Top 5 Rhode Island SBA Lenders, ranked by number of 2013-2014 loans. more
Fitch Ratings Inc. is no longer providing credit ratings for Santander Holdings USA Inc. and Santander Bank N.A., though it’s unclear which entity ended the business relationship. more
Investors who relax about the economy and focus on company earnings and valuation have the best shot of beating the market in 2015, according to the co-manager of last year’s best performing U.S. equity fund. more
Banco Santander SA Chairman Ana Botin is seeking backing from investors to raise as much as 7.5 billion euros ($8.9 billion) in new funds as she shapes her vision for Spain’s biggest bank less than four months after taking over. more
U.S. stocks fluctuated, after the biggest drop since October in the Standard & Poor’s 500 Index, as data showed service industries expanded at the slowest pace in six months and factory orders fell. more
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