Thursday, March 28, 2024

TOPICS

Financial Services

A year after Lehman, U.S. stocks surge

NEW YORK – A year and a day after the bankruptcy filing of Lehman Brothers Holdings Inc. sent the world economy into a tailspin,...
RICHARD PARSONS, chairman of Citigroup and former chairman and CEO of Time Warner, will reportedly join Providence Equity Partners on a part-time basis. /

Citigroup’s Parsons to join ProvEquity

PROVIDENCE – Richard D. Parsons, chairman of Citigroup Inc., plans to join local leveraged buyout firm Providence Equity Partners Inc. as a senior adviser,...

Davidson co-chairs R.I. Business Plan

PROVIDENCE – Larry Davidson, a principal at the accounting firm Kahn, Litwin, Renza & Co. Ltd., has been named a co-chair of the Rhode...
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Textron seeks more time to repay $600M

PROVIDENCE – Textron Inc. yesterday moved to get some breathing room to pay off its debt, selling $600 million in new notes on the...

AFS hires 400th employee

MIDDLETOWN – Advanced Financial Services, a Middletown-based mortgage lender that does business in 46 states, marked the hiring of its 400th employee this month...

Sovereign closes Somerset branch

SOMERSET, Mass. – Sovereign Bank has closed its doors on its only branch in Somerset because bank officials say it was located too close...

Providence Equity has stake in chain slashed

PROVIDENCE – Providence Equity Partners saw its equity stake in Freedom Newspapers slashed when the owner of The Orange County Register in California and...
"NATURAL MARKET cycles will always exist. The Bear Sterns failure was an anomaly that caused a bad cycle to extend itself," said Coastal Financial Planning founder Angela Thomson. /

Five Questions With: Angela Thomson

It’s been an interesting year or so for certified financial planner Angela Thomson and her colleagues in her industry. Much has been made of...
STAFF FROM DiSanto, Priest & Co. planted shrubs and perennials in the yard at Sojourner House. Pictured bottom row, from left: Mark Carrison, Angela Paolino; back row: Chris Ricci, Dawn Wood, Tom Porsythe, Cori Conaty and David DiSanto. /

Bentley employees give their time to charities

The Bentley Foundation, charitable arm of the Bentley Group of financial services firms, donated volunteer hours at four different local organizations, the Rhode Island...

Fairfield Greenwich to return money to Mass.

BOSTON – Fairfield Greenwich Advisors LLC agreed to pay a $500,000 fine and return as much as $7.5 million to Massachusetts investors, the full...
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