Financial Services

Qwest ex-CEO found guilty of insider trading

DENVER – Former Qwest Communications International CEO Joseph Nacchio’s conviction yesterday on insider-trading charges hinged on a misleading conference call, according to Bloomberg News....

FM Global headquarters acquired by a REIT

NEW YORK – Capital Lease Funding Inc. (NYSE: LSE) yesterday announced it has completed the acquisition of 18 properties, including the Johnston headquarters of...

UnitedHealth 1Q profit rises 8.4% to $927M

MINNEAPOLIS, Minn. – UnitedHealth Group (NYSE:UNH) today said its first-quarter profit increased 8.4 percent, compared with the year-ago quarter, to $927 million or 66...

Meditech to acquire PtCT for undisclosed sum

WESTWOOD, Mass. – Health-care information systems provider Meditech yesterday announced plans to acquire long-time partner PtCT, an Atlanta-based provider of home health, private duty...
AIRCRAFT MAKERS Cessna and Bell accounted for 66 percent of Textron's business in 2006, while industrial manufacturing accounted for 26 percent and Textron Financial for the other 7 percent. /

Textron 1Q profit rises 16.7% to $196M

PROVIDENCE – Textron Inc. (NYSE: TXT) today said its first-quarter profit rose 16.7 percent, to $196 million, on revenue that rose 12.6 percent to...
A FAMILY in Bound Brook, N.J., is borne to safety Monday by local firefighters after the storm left their neighborhood underwater. /

IRS gives N.E. storm victims until April 26 to file

WASHINGTON – The U.S. Internal Revenue Service again has extended the tax-filing deadline for victims of this week’s flooding in the Northeast. The agency...
THIS CLOSE-UP from the context plan shows Capital Center from the Providence train station to Memorial Avenue. /

Blue Cross wants to build new HQ downtown

PROVIDENCE – Blue Cross & Blue Shield of Rhode Island today announced plans to build a new headquarters in downtown Providence, on Parcel 2...

Shareholders sue Amgen over anti-anemia drugs

Amgen Inc. is the subject of a class-action suit announced late yesterday by San Diego-based law firm Lerach Coughlin Stoia Geller Rudman & Robbins...

CVS exec, Worksite Wellness Council of R.I.<br> win state Community Partnership Awards

PROVIDENCE – The Worksite Wellness Council of Rhode Island and CVS/Caremark executive Diane Lemoine were honored yesterday by the R.I. Department of Health with...

Providence Equity, KKR in likely bidding war<br> over Canadian telephone giant...

Canada’s biggest telephone company, BCE Inc., seems headed for a bidding war between two teams of Canadian investors, one including New York-based Kohlberg Kravis...
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