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Bank of America Corp., the second-biggest U.S. lender, said fourth-quarter profit more than quadrupled as the company quelled claims tied to defective mortgages. The results beat Wall Street estimates, and the stock rose 2.6 percent in New York. more
Small businesses nationwide reported improved optimism as 2013 drew to a close, and reports of capital spending increased significantly, but the index measuring business owners’ sentiment in December still fell below previous mid-year readings and trailed the pre-2008 recession average by six points, the National Federation of Independent Businesses said Tuesday. more
Attorney General Peter F. Kilmartin announced Tuesday that Rhode Island has joined a multistate investigation into the Target Corp. data breach that occurred last month. more
Despite rising office vacancies in downtown Providence over the past year, CB Richard Ellis-New England executives described a healthy overall Rhode Island commercial real estate market in the firm’s annual market outlook Tuesday. more
Lead organizer of 3DPPVD talks about the meetup group and the nascent 3-D printing industry. more
Moving to accelerate its emerging-markets strategy, Covidien PLC has acquired a Brazilian electrosurgical manufacturer and entered a joint venture with a Chinese medical stapler manufacturer. more
Astro-Med Inc. will acquire Miltope Corp.’s line of rugged printers designed for use in commercial and military aircraft for approximately $6.7 million. more
ChartWise Medical Systems Inc. has teamed up with Springfield, Mo.-based health care consulting firm TrustHCS to provide hospitals and providers with a comprehensive offering of ChartWise’s clinical documentation software and TrustHCS’ coding and training services. more
The capital city of Rhode Island – also known as the Renaissance City or the Creative Capital – has recently appeared among the top ranked U.S. cities in a number of lifestyle-oriented studies. more
Alexion Pharmaceuticals Inc. has made a $25 million preferred equity investment in Moderna Therapeutics and will also provide $100 million up front as part of a long-term agreement to develop treatments for rare diseases with Moderna’s messenger RNA Therapeutics platform, the two companies announced Monday. more
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