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Nautic Partners LLC, a middle-market private equity firm based in Providence, has completed the sale of Big Train Inc. to Kerry Group PLC, the company announced Wednesday.
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By PBN Staff
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Brian Moynihan was impatient. It was August 2011, and the Bank of America Corp. chief executive officer was reviewing plans to impose a $5 monthly fee on debit-card users.
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By Hugh Son |
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Bank of America Merrill Lynch said investors should buy emerging market bonds and equities as the so-called BRIC nations of Brazil, Russia, India and China post the biggest improvement in growth this year.
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By Mahmoud Kassem |
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Bank of America Corp., the second-largest U.S. lender, attracted record new assets last year to its unit-servicing retirement and other employee-benefit plans as it cross-sold products through the commercial bank, Bloomberg News said Tuesday.
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By Margaret Collins |
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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.
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By Christopher Condon |
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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.”
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By PBN Staff
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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.
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By Meera Louis |
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Nortek Inc., a residential and commercial ventilation maker, has signed a definitive agreement to acquire Lehi, Utah-based 2Gig Technologies Inc., Nortek announced Thursday.
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By PBN Staff
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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.
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By Sarah Jones |
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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.
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By PBN Staff
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