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Thursday, June 21, 2018

Financial Services

Fed again leaves rates at 5.25%

WASHINGTON – The Federal Open Market Committee, the policymaking arm of the Federal Reserve System, today decided to keep its target for the federal...
PAUL WOLFOWITZ, 63, the beleaguered World Bank president, fields questions last Wednesday in Belgium. /

Support for Wolfowitz crumbling

Support is crumbling for World Bank President Paul Wolfowitz, 63, a former U.S. deputy defense secretary who is under fire for his role in...

Providence Equity among rumored Alltel bidders

Little Rock-based Alltel Corp. is in takeover talks with three sets of private equity firms – one of which includes Providence Equity Group...

World Bank says Wolfowitz broke ethics rules

World Bank directors have ruled that President Paul Wolfowitz, 63, violated ethics rules in arranging a pay raise for his companion, communications officer Shaha...
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Slater Fund boosts its investment in Andera

PROVIDENCE – The Slater Technology Fund today announced it has provided $350,000 in second-round funding to Andera Inc. to accelerate its product development. Slater...
THE FIRST QUARTER was "a very solid quarter" for both CVS and Caremark, says Thomas M. Ryan, president and CEO of the new CVS/Caremark Corp. /

CVS/Caremark profit rises 24.1% to $408.9M

WOONSOCKET – CVS/Caremark Corp. (NYSE: CVS) today said its first-quarter profit rose to $408.9 million or 43 cents per diluted share, an increase...
THERE'S NO FEE for the application, loan origination, appraisal or title under the new program, which requires a 5% down payment. Above, a for-sale sign stands outside a house in Eugene, Ore., late last month. /

Bank of America launching ‘no fee’ loans

CHARLOTTE, N.C. – Bank of America today announced that a new “no-fee” mortgage will become available nationwide starting tomorrow. The new “No Fee Mortgage Plus”...

Global expansion fuels U.S. stock markets

Overseas demand appears to be driving the nation’s current bull market, Bloomberg News reports. Leading the way are China, whose economy expanded at an...
N.E. SOFTWARE VENTURES - such as Tizra Inc. of Providence, which last week announced a $500,000 investment from Slater Technology Fund to complete and market its Web-based AgilePublisher publishing and distribution service for PDFs - also attracted more investment in the first quarter of 2007 than in the final quarter of 2006. Above, Tizra partners David Durand, left, Francisco Rosa, back, Abe Dane, right, and Anne Orens outside their office at Durand's East Side home. /

N.E. draws 29% more venture capital in 1Q

BOSTON – New England companies attracted $975.5 million in venture capital in the first quarter, 29 percent more than the preceding quarter’s investment total,...
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