Investing
115 results total, viewing 101 - 110
Bill Ackman sold all of his shares in General Growth Properties Inc., the second-largest U.S. shopping-mall owner, marking the end of one of the hedge-fund manager’s most profitable investments. more
Fidelity Investments, the second-largest U.S. mutual fund company, reported a 13 percent increase in operating income last year as the rally in equities boosted assets. 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
Bank of America Corp.’s $8.5 billion settlement with mortgage-bond investors will be delayed almost two weeks after American International Group Inc. and other objectors asked a judge for a hearing to address loan modifications excluded from the accord. more
Vice president and portfolio manager for Rockland Trust’s Providence Investment Management Group talks about the institution’s history of partnering with nonprofits to help understand and develop strategies for their investments. more
Luring business away from larger banks, maintaining diversified earnings streams and expanding into mortgage markets outside Rhode Island led Washington Trust Bancorp Inc., parent of The Washington Trust Co., to post a record profit of $36.2 million for 2013, an increase of 3.1 percent compared with $35.1 million of net income for 2012. 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
Fidelity Investments said Ronald P. O’Hanley, the firm’s head of asset management since 2010, will leave at the end of February, without giving a reason. more
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
U.S. stocks fell, extending this year’s decline for the Standard & Poor’s 500 Index, as data showed payrolls in December increased at the slowest pace since January 2011. more
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