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Fidelity says 401(k) balances reached highest level last quarter
Fidelity Investments, the largest provider of 401(k) retirement plans, said average balances in employer-sponsored accounts reached the highest level since it began tracking values in 2000, as market gains boosted assets. more
Prov. Equity, Madison Dearborn to maintain control of CDW
The private equity firms of Providence Equity Partners and Madison Dearborn Partners LLC will maintain a controlling stake in Chicago-based computer equipment maker CDW Corp. after a $500 million planned stock sale, reported Crain’s Chicago Business. more
| 3/25/13
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
Nortek to acquire 2Gig Technologies for $135M
Nortek Inc., a residential and commercial ventilation maker, has signed a definitive agreement to acquire Lehi, Utah-based 2Gig Technologies Inc., Nortek announced Thursday. more
| 2/14/13
RBS sued by ING, Illinois teachers over 2008 rights offering
Royal Bank of Scotland Group Plc was sued by a group of 21 pension funds and investment firms claiming the lender misled them about its finances when selling new shares in 2008, months before a government bailout. 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
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
Flagstar avoids delisting on NYSE
Flagstar Bancorp Inc. has been notified by the New York Stock Exchange that it is in compliance with the exchange’s pricing rules and no longer faces possible delisting. more
BofA attracts record new assets in ’12
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. more
Sanderson to head athlete-focused financial adviser group
Oceanstate Financial Services and Baystate Wealth Management have announced the formation of The Sports Group, to be led by former Boston Bruin Derek Sanderson. more
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