Investing
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Smart-growth and economic-stimulus arguments haven’t convinced state leaders to bring back Rhode Island’s historic-tax-credit program for the past four years, but perhaps the sight of Providence’s tallest and most recognizable building vacant will. more
Fidelity Investments’ award for The Outstanding Building of the Year from The Building Owners and Managers Association in Boston is a first for a Rhode Island building since the competition began in 1985, said association spokeswoman Kayla Burmeister. more
With the new year under way, pundits are issuing their forecasts of market returns for 2013 and beyond, while a number of big uncertainties loom on the horizon. more
Procurement deals between Global 2,000 companies and their suppliers can be worth hundreds of millions of dollars and are increasingly fulfilled through software from firms such as Oracle and SAP. more
Much has changed since Cherrystone Angel Group in 2004 became the first angel investment vehicle to surface in Rhode Island, perhaps nothing so much as how prominent the entrepreneurial community has become in the region. more
Providence Equity Partners Inc., the buyout firm with holdings in Univision Communications Inc. and the cable-television network of the New York Yankees, sold a minority stake to Florida’s state pension system and a sovereign-wealth fund, Bloomberg News reported last week. more
Capital Properties Inc. reported a 0.9 percent drop in profit to $2.01 million, or 31 cents per share, during 2012 compared with earnings of $2.03 million, or 31 cents per share, during 2011. more
Nabsys Inc., a life sciences company focused on the creation of a single-molecule platform for genomic analysis, has closed a $20 million Series D financing round, the company announced Wednesday. more
“Rhode Island is a very promising place to start a life sciences community,” Timothy Ehrlich, co-founder of the investment group Ocean State Angels, told a group of about 400 business, education and government leaders on March 12. more
Critics of the Rhode Island pension system’s growing investment in hedge funds warn that they’ve increased the state’s exposure to risk while subjecting it to the notoriously high fees charged by alternative-investment managers. more
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