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Rhode Island
Sunday, December 9, 2018

Financial Services

'RHODE ISLANDERS need a bold vision that offers long-term budget solutions,' said Lt. Gov. Elizabeth H. Roberts, but 'the governor's proposal for broad personnel cuts does not assure greater government efficiency.'   /

Broader restructuring is needed,<br> says Lt. Gov. Roberts

PROVIDENCE – Lt. Gov. Elizabeth H. Roberts offered a mixed response to the budget plan released yesterday by Gov. Donald L. Carcieri.To help close...
THOMAS M. RYAN, CVS Caremark's chairman and CEO, said:  'We remain confident that we will achieve significant earnings growth in 2008 even without FEP's mail service program.' /

CVS Caremark wins $12B PBM contract renewal

WOONSOCKET – The Caremark Pharmacy Services division of CVS Caremark Corp. (NYSE: CVS) has been awarded a three-year renewal of its contract to provide...
FRANK T. CAPRIO /

R.I. qualifies 18 firms as bond underwriters

PROVIDENCE – The state has succeeded in expanding its pool of eligible bond underwriters, R.I. General Treasurer Frank T. Caprio announced today. “There was a...
AMTROL, founded in 1946, is a maker of water heaters, pressure boosters, well tanks, chemical containers and other storage and control systems. Above, a sampling from its family of products. /

Amtrol emerges from Ch. 11 protection

WEST WARWICK – Amtrol Inc. today announced it has emerged from its Chapter 11 reorganization thanks to the closing of $128 million in exit...
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Beacon hires underwriting & loss VP

WARWICK – The Beacon Mutual Insurance Co. today named industry veteran Robert G. DeOrsey to serve as the workers’ compensation insurer’s vice president of...

Providence Equity completes sale of BlueStone TV

PROVIDENCE – Providence Equity Group has completed its sale of Witchita, Kan.-based BlueStone TV Holdings Inc. to Bonten Media Group LLC and its affiliates....
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Towerstream sets $40M stock offering

MIDDLETOWN – Towerstream Corp. (Nasdaq: TWER), a provider of fixed WiMax services, today announced an offering of $40 million in common stock. The company said...
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TriMark USA acquire S.S. Kemp & Co. of Ohio

ATTLEBORO – TriMark USA Inc., a supplier of equipment, supplies and design services to the U.S. food-services industry, has completed its acquisition of Cleveland-based...
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Citizens ranks high with customers

WESTLAKE VILLAGE, Calif. – Citizens Bank ranked fourth in the Mid-Atlantic Region in the J.D. Power and Associates 2007 Retail Banking Satisfaction Study, with...

Bernanke: Tighter mortgage standards<br> likely to prolong housing slump

WASHINGTON – “Tighter” mortgage standards in the wake of the subprime meltdown are likely to dampen the housing market for longer than policymakers had...
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