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Monday, June 18, 2018

Financial Services

Washington Trust declares 20-cent dividend

WESTERLY – The board of directors of Washington Trust Bancorp Inc. (Nasdaq Global Market: WASH) today declared a dividend of 20 cents per share...

Mass. foreclosures soar in February

BOSTON – Delinquent mortgage payments continued to plague Massachusetts lenders last month, when the number of foreclosure petitions nearly doubled over year-ago levels and...
TONIGHT in Providence, TPG will host a downcity celebration of the topping-off of the new Westin tower, complete with fireworks. /

TPG buys 50th hotel, in Florida

CRANSTON – Real estate developer and hotelier The Procaccianti Group yesterday announced the acquisition of its 50th hotel, The Westin Fort Lauderdale, which it...

Astro-Med officers to exercise 85,000 options

WEST WARWICK – Astro-Med Inc. (Nasdaq: A LOT) says five company officers plan to exercise options on a total of 85,000 shares of Astro-Med...

Microsoft buying voice-services firm Tellme Networks

REDMOND, Wash. – Microsoft Corp. (Nasdaq: MSFT) today announced it will acquire Mountain View, Calif.-based Tellme Networks Inc., a provider of voice services including...

Global selloff leaves investors cautiously bullish

U.S. investors, though still bullish in the longer term, are scaling back their portfolios after last month’s selloff.Twenty-eight percent of investors in a recent...
BUILDERS work on a new house in Denver. /

Fed, OCC under fire in mortgage meltdown

WASHINGTON – The Federal Reserve and U.S. Office of the Comptroller of the Currency are under fire by consumer advocates and former officials for...

U.S. current-account gap narrows in 4Q

WASHINGTON – The nation’s current-account deficit narrowed to $195.8 billion in the fourth quarter as oil prices fell, the U.S. Commerce Department’s Bureau of...

UnitedHealth bid may boost Sierra’s credit rating

OLDWICK, N.J. – Ratings service A.M. Best Co. last night announced it has placed the credit rating and debt ratings of Sierra Health Services...
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Freedom Communications selling WLNE Ch. 6

IRVINE, Calif. – Freedom Communications Inc. has agreed to sell WLNE-TV ABC6, the ABC affiliate serving Providence and New Bedford as Channel 6 and...
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