Investing
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GTECH S.p.A.’s board of directors on Wednesday approved a previously announced merger of GTECH into Georgia Worldwide PLC (NewCo) and the repurchase of up to 16,676,505 GTECH shares. more
Brown University posted a 16.1 percent gain on its endowment investments in the year that ended June 30. more
Ali...who? One company dominated the conversation about initial public offerings in the third quarter, and for good reason: Alibaba Group Holding Ltd. raised a record-breaking $25 billion in the U.S. this month. more
(Updated, 5:20 p.m.) Citizens Financial Group Inc., the U.S. subsidiary of Royal Bank of Scotland Group PLC, raised $3 billion in its initial public offering, pricing the shares below the marketed range. more
The R.I. Commerce Corporation Monday authorized a $3 million investment in the Slater Technology Fund’s new venture capital fund for Rhode Island energy sector startups. more
This year’s Treasury market rally has been stronger than every economist surveyed by Bloomberg News predicted. more
U.S. stocks rose, sending the Standard & Poor’s 500 Index above 2,000 for the first time, on signs of more corporate takeovers and stimulus for the European economy. more
Aspen Aerogels Inc., a nanotechnology firm that designs and manufactures energy-efficient insulation products, has reported a second-quarter net loss of $42.2 million, more than doubling the net loss of $19 million posted for the same period last year. more
Private equity firm Nautic Partners LLC has acquired Custom Window Systems Inc., a manufacturer of impact-resistant and non-impact windows, doors and porch enclosures. more
Providence Equity Partners Inc. is considering acquiring a stake in Canadian wireless provider Wind Mobile, people with knowledge of the matter said, as Canada continues its effort to create a fourth national carrier. more
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