Investing
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CVS Caremark Corp. and the Securities and Exchange Commission have reached an agreement to settle charges first made public in August relating to pharmacy benefits contracts and the accounting treatment of its 2008 purchase of Longs Drugs. more
The Slater Technology Fund will invest an additional $100,000 in local e-commerce technology firm Absolute Commerce, bringing Slater’s total investment in the company to $350,000, Slater announced Tuesday. more
Janet Yellen has spoken publicly at length on the economic outlook or monetary policy seven times since becoming the Federal Reserve chief. Her next address, on June 18, might provide as good a reason as any to buy stocks. more
If the insatiable demand for bonds has upended the models you use to value them, you’re not alone. more
Former Alex and Ani CEO Giovanni Feroce has formed an investment firm in Providence focused on backing retail and media ventures, he said in an interview with Providence Business News. The new firm, called GF Asset Management LLC, has about a dozen employees based in offices at 39 Pike St. in the Fox Point section of the city. more
Global private equity firm Providence Equity Partners on Tuesday announced its investment in Mauritius-based Helios Towers Africa as part of a $630 million fundraising round by the independent telecommunications tower company. more
Providence Equity Partners Inc. is considering acquiring a stake in Canadian wireless provider Wind Mobile, people with knowledge of the matter said, as Canada continues its effort to create a fourth national carrier. more
Researchers in Bethesda, Md., have spent eight years developing a handheld device to quickly assess potential brain trauma in injured U.S. soldiers and athletes with concussions. more
The Rhode Island Foundation manages its finances to make sure that its capital endowment grows in perpetuity, a key function of its identity as a community foundation. more
Japonica Partners & Co., the U.S. investment firm that offered to buy as much as 4 billion euros ($5.5 billion) of Greek government bonds, expects yields on the securities to drop to 5 percent early next year, a level last seen in 2009. more
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