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Michael Mcdonald

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MIT rejects demands to divest fossil-fuel stocks, joining Yale

BOSTON - The Massachusetts Institute of Technology rejected demands from a student-led group to divest its $13.5 billion endowment of fossil-fuel investments, joining universities...
HARVARD UNIVERSITY is the wealthiest university in the country, according to a report from Moody's Investors Service. The university had $42.8 billion as of June. / COURTESY MOODY'S INVESTORS SERVICE

Harvard is even richer than you think as college divide grows

The rich are getting richer in U.S. higher education, a new report shows.The assets of the 40 wealthiest institutions, led by Harvard University, have...
BROWN UNIVERSITY posted a 16.1 percent gain on its endowment investments in the year that ended June 30, according to information from the university.

Brown reports 16.1% investment gain in year that ended June 30

BOSTON - Brown University posted a 16.1 percent gain on its endowment investments in the year that ended June 30. The endowment’s value rose to...

Stanford coal divestiture encourages Brown student group

Stanford University’s decision this week to end investments in coal companies may bolster student-led campaigns to stop climate change that have spread to hundreds...
FORMER RED SOX PITCHER Curt Schilling's failed video game company 38 Studios LLC has led to claims of a $75 million fraud.  / BLOOMBERG FILE PHOTO/SCOTT EELLS

Bloomberg analyzes 38 Studios lawsuit

BOSTON - Curt Schilling, the former baseball All-Star, struck up a conversation at a March 2010 fundraiser that would sow the seeds of financial...
THE FINANCIAL and political support from state officials shown to Central Falls is unique among the municipal bankruptcies seen this year across the U.S. from Alabama to California. / COURTESY THE BLACKSTONE VALLEY TOURISM COUNCIL

R.I. setting standard for bondholders’ love

BOSTON - Central Falls, the first city in Rhode Island’s 222-year history to go bankrupt, is preparing to exit court protection after 13 months...

Raimondo pension lawsuit seen risking bankruptcies

NEW YORK - Rhode Island Treasurer Gina Raimondo championed an overhaul last year of one of the nation’s worst- funded public pensions, setting out...

Schilling-bond refunding hastened by lowest yields

NEW YORK - The lowest municipal yields in a generation may help Rhode Island cut the cost of repaying $75 million it borrowed to...
ANGEL TAVERAS speaks about his first year as Mayor of Providence, Rhode Island, January 23, 2012. / PBN FILE PHOTO/FRANK MULLIN

Providence breaks $700,000 pension link joining nationwide insolvency fight

BOSTON - It has been more than 20 years since Gilbert McLaughlin ran the fire department in Providence. Yet the former chief stands to...

Providence is one of first in U.S. to cut pensions

BOSTON - Providence will halt cost-of-living increases for retirees among steps to overhaul a $422.8 million pension system and avoid becoming the state’s second...
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