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Saturday, May 26, 2018

Financial Services

NTK posts $57.7M profit on sales of $2.22B

PROVIDENCE – NTK Holdings Inc., the parent of Nortek Holdings Inc. and Nortek Inc., yesterday posted a 1.4-percent increase in profit to $57.7 million...

KKR to buy First Data for $25.6B

Kohlberg Kravis Roberts & Co. today announced plans to buy First Data Corp. (NYSE: FDC) for $25.6 billion, in what Bloomberg News described as...

Bernanke: ‘Bad’ lending a long-term challenge

WASHINGTON – Low-income neighborhoods once cut off from credit are finding “bad” lending may be worse than none at all, according to Federal Reserve...

Investor to buy Tribune Co. for $8.2B

CHICAGO – Media giant Tribune Co. (NYSE: TRB), which went public in 1983, is planning to go private again by selling itself for $8.2...
SLADES BANK's Dennis Wyatt, senior VP and director of retail banking, and Seekonk manager Lisa Russo, right, with the new sign. /

Slade’s Ferry adopts new name, logo

SOMERSET – Slade’s Ferry Bank today unveiled new signs as the institution adopted both a new logo and a new name, Slades Bank, in...

Nestor’s annual loss rises 10.7% to $7.49M

PROVIDENCE – For the year ended Dec. 31, Nestor Inc. (Nasdaq: NEST) today posted a net loss of $7.491 million, an increase of 10.7...
THE NEW HOTEL, a Hampton Inn to be constructed at The Village at South County Commons, is to have 100 guest rooms. /

Washington Trust Co. financing $8.1M new hotel

The Washington Trust Co. Commercial Real Estate Group has provided Village Hotel Associates LLC with $8.1 million in financing to build a Hampton Inn...
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BankNewport to display Tall Ships painting

NEWPORT – “Tall Ships in Newport Harbor,” the signature painting for the Amica Insurance Tall Ships Rhode Island 2007, goes on exhibit today at...
'We're getting the station into local ownership, where it belongs,' says WRNI General Manager Joe O?Connor.  /

WRNI getting local owners,<br> expanded coverage area

Since taking the job as general manager of WRNI (1290AM), the state’s National Public Radio station, Joe O’Connor has pushed for signal expansion and...
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UnitedHealthcare puts dividend on hold

After a firestorm of controversy over its proposal to send $36.8 million in accumulated profits to its parent company, UnitedHealthcare of New England has...
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