Investing
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Coastway Bancorp, the parent company of Coastway Community Bank, became a publicly traded company today, listed on the Nasdaq exchange under the symbol CWAY. The bank offering of $48.3 million in stock is listed at $10 per share. more
A shift by household investors from bonds into equities that Bank of America Corp. dubbed the great rotation is being muted as pension funds and insurers boost fixed-income assets to match future obligations. more
Non-operating holding company Almon Co. recently took an equity position in Hospital Associates Inc., a medical supply business based in Anaheim, Calif. more
Companies buying their own stock make up more of the U.S. equity market than ever before, underpinning share values even as the Federal Reserve prepares to reduce stimulus. more
Royal Bank of Scotland Group PLC CEO Ross McEwan moved to reassure employees that there will be “no big announcement” on job cuts when the lender publishes the results of its strategic review next week. 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
Shane Brady describes himself and Chris Starr as “mill guys.” more
A Chinese government investment fund is suing Rhode Island investment group Long Wharf Andover LP for allegedly failing to reimburse the fund’s contribution toward a real estate project after it fell through, the Boston Business Journal reported Thursday. more
Up until the last five years, only a few cities in the world were home to their own for-profit startup accelerators and even fewer could offer evidence of whether the entrepreneurial boot camps would prove sustainable or lucrative. more
Even as it posted a record quarterly profit of $10 million for the third quarter, Washington Trust Bankcorp Inc., parent company of The Washington Trust Co., is confronting the sluggish economy and competitive market. The effort includes a long-term plan to revise company pensions and expanding business with nonprofits, particularly hospitals and other medical practices. more
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