Susan A. Baird
For-profit firm pulls out of deal<br> to buy Rehab Hospital of...
WOONSOCKET – St. Louis-based RehabCare Group Inc. (NYSE: RHB) has withdrawn its agreement to purchase Landmark Health Systems Inc.’s Rehabilitation Hospital of Rhode...
Hospital sale in doubt as labor dispute flares
NORTH SMITHFIELD and ST. LOUIS – Union health care workers at the Rehabilitation Hospital of Rhode Island have authorized a possible strike, citing what...
October jobless rates rise in Providence,<br> New Bedford metropolitan areas
WASHINGTON – The unemployment rate in Providence-Fall River-Warwick posted the biggest year-over-year increase of any major metropolitan area in October, as local payrolls shrank...
1Q hiring planned by 6% of Providence-area CFOs
PROVIDENCE – Six percent of local chief financial officers plan to boost hiring of accounting and finance staff in the first quarter, while 82...
Smithfield’s FGX acquires Dioptics
SMITHFIELD and SAN LUIS OBISPO – Nonprescription eyewear designer FGX International Holdings Ltd. (Nasdaq: FGXI) has acquired California-based sunglasses maker Dioptics Medical Products...
ProvEquity’s BCE purchase in danger
MONTREAL – Shares in Canadian telephone giant BCE Inc. (NYSE: BCE) plunged on news that the company’s sale to Providence Equity Partners Inc., Ontario...
Nation’s personal savings rate surges <br> in October as spending falls 1%
WASHINGTON – U.S. personal spending last month had its steepest month-over-month decline since 2001, even as personal income continued to rise, according to the...
GGP rises after hedge fund buys 20% stake
CHICAGO – The value of General Growth Properties Inc. (NYSE: GGP)’s stock has bounced back this week after hedge-fund manager Pershing Square Capital Management...
Fidelity a big loser if GGP should fail
BOSTON and CHICAGO – No other outside investor is at greater risk than Fidelity Investments if mall owner General Growth Properties Inc. (NYSE:...
BCBSRI, Care NE extend contract through March
PROVIDENCE – Blue Cross & Blue Shield of Rhode Island (BCBSRI) and Care New England (CNE) have agreed to extend the nonprofit hospital system’s...
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