Investing
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BofA to pay $2.43 billion to end shareholder suit over Merrill
Bank of America Corp. agreed to a $2.43 billion settlement with investors who suffered losses during its acquisition of Merrill Lynch & Co., resolving one of the biggest legal battles to stem from the takeover. more
Covidien’s Mallinckrodt to acquire CNS Therapeutics
Medical device maker Covidien LLC’s pharmaceutical arm, Mallinckrodt, has entered into a definitive agreement to acquire St. Paul, Minn.-based CNS Therapeutics Inc. more
| 9/24/12
TheStreet upgrades Projo parent company’s rating
A.H. Belo Corp., the Dallas-based parent company of the Providence Journal and three other daily newspapers, has been upgraded from “sell” to “hold” by TheStreet Ratings. more
| 9/19/12
Demographics, uncertainty spur growth
When Nikki Parness, a certified financial planner with a decade of experience crossing the public and private sectors, wanted to go independent after five years at Fidelity Investments, she knew there would be more to change than her office location. more

By Rebecca Keister
PBN Staff Writer | 9/17/12

SEED holds free entrepreneurial workshops
The South Eastern Economic Development Corp. will hold free basic business workshops throughout the region this fall and winter to assist potential and existing entrepreneurs more
Slater invests $130K more in MoFuse
Rhode Island public venture capital firm Slater Technology Fund has added $130,000 to its investment in Warwick mobile Internet management company MoFuse, Slater announced Tuesday. more
GM invests in NanoSteel
General Motors Ventures LLC has invested in The NanoSteel Co., a maker of nano-structured steel materials design, the company announced Monday. more
Fidelity employees help feed more than 8,000
Employees at Fidelity Investments spent one recent week focusing on a different type of investment – efforts to benefit the Rhode Island Community Food Bank. more
8/6/12
Stocks rise to highest level since May after jobs report
U.S. stocks rose, sending the Standard & Poor’s 500 Index toward the highest level since May, after data showed payrolls climbed more than forecast even as the jobless rate unexpectedly rose to a five-month high. more
Capital Properties profits drop 28% in 2Q
Capital Properties Inc. reported a 28 percent drop in profits from $807,000, or 12 cents per diluted share, during the second quarter of 2011 to $578,000, or 9 cents per diluted share, during the same period this year. more
| 7/31/12
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