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Providence sells road bond issue at lower-than-expected interest rate
Rhode Island’s capital city successfully sold its $39.3 million general obligation road bond issue at lower than expected rates, Mayor Angel Taveras announced. more
| 3/7/13
Providence Equity Partners acquires Miller Heiman
Global private equity firm Providence Equity Partners has acquired Reno, Nev.-based Miller Heiman, Miller announced Wednesday. more
| 1/9/13
SEED makes $1M in loans, 19 new jobs expected
The South Eastern Economic Development Corp. has made $1 million in loans to three small businesses that will create 19 new jobs, according to a press release from the nonprofit. more
Five Questions With: Kevin DeAngelis
The senior financial consultant with Bank Rhode Island’s investment services department looks ahead to 2013. more
Fidelity Charitable sees record grants, contributions in 2012
The Fidelity Charitable Gift Fund, an independent public charity with a donor-advised fund program, saw record grants and contributions in 2012, the organization announced Tuesday. more
| 1/29/13
Investors most bullish on banks since 2007, BofA survey shows
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. more
BofA surge affirms Buffett bet as Moynihan recovers from gaffes
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. more
Nautic Partners sells Big Train to Kerry Group
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. more
| 2/27/13
S&P 500 rally shows analysts slow or investors too sanguine
The advance that pushed the Standard & Poor’s 500 Index to a record left companies trading closer to analyst price estimates than any time in at least seven years. more
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
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