Financial Services

CPA gets 1 year in prison, loses license,<br> for filing false...

PROVIDENCE – Irving Kalmer of Smithfield has been sentenced to 12 months in prison for filing four years of false tax returns in which...
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Shareholders approve CVS/Caremark board

WOONSOCKET – CVS/Caremark Corp. (NYSE: CVS) says preliminary results from the annual stockholders meeting yesterday indicate the company’s full slate of nominees was elected...
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CVS/Caremark approves $5B stock buyback

WOONSOCKET – The board of directors of CVS/Caremark Corp. (NYSE: CVS) today approved the repurchase of up to $5 billion in outstanding common stock. The...

Fed again leaves rates at 5.25%

WASHINGTON – The Federal Open Market Committee, the policymaking arm of the Federal Reserve System, today decided to keep its target for the federal...
PAUL WOLFOWITZ, 63, the beleaguered World Bank president, fields questions last Wednesday in Belgium. /

Support for Wolfowitz crumbling

Support is crumbling for World Bank President Paul Wolfowitz, 63, a former U.S. deputy defense secretary who is under fire for his role in...

Providence Equity among rumored Alltel bidders

Little Rock-based Alltel Corp. is in takeover talks with three sets of private equity firms – one of which includes Providence Equity Group...

World Bank says Wolfowitz broke ethics rules

World Bank directors have ruled that President Paul Wolfowitz, 63, violated ethics rules in arranging a pay raise for his companion, communications officer Shaha...
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Slater Fund boosts its investment in Andera

PROVIDENCE – The Slater Technology Fund today announced it has provided $350,000 in second-round funding to Andera Inc. to accelerate its product development. Slater...
THE FIRST QUARTER was "a very solid quarter" for both CVS and Caremark, says Thomas M. Ryan, president and CEO of the new CVS/Caremark Corp. /

CVS/Caremark profit rises 24.1% to $408.9M

WOONSOCKET – CVS/Caremark Corp. (NYSE: CVS) today said its first-quarter profit rose to $408.9 million or 43 cents per diluted share, an increase...
THERE'S NO FEE for the application, loan origination, appraisal or title under the new program, which requires a 5% down payment. Above, a for-sale sign stands outside a house in Eugene, Ore., late last month. /

Bank of America launching ‘no fee’ loans

CHARLOTTE, N.C. – Bank of America today announced that a new “no-fee” mortgage will become available nationwide starting tomorrow. The new “No Fee Mortgage Plus”...
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