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,...
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...
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...
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...
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...