Financial Services

Global expansion fuels U.S. stock markets

Overseas demand appears to be driving the nation’s current bull market, Bloomberg News reports. Leading the way are China, whose economy expanded at an...
N.E. SOFTWARE VENTURES - such as Tizra Inc. of Providence, which last week announced a $500,000 investment from Slater Technology Fund to complete and market its Web-based AgilePublisher publishing and distribution service for PDFs - also attracted more investment in the first quarter of 2007 than in the final quarter of 2006. Above, Tizra partners David Durand, left, Francisco Rosa, back, Abe Dane, right, and Anne Orens outside their office at Durand's East Side home. /

N.E. draws 29% more venture capital in 1Q

BOSTON – New England companies attracted $975.5 million in venture capital in the first quarter, 29 percent more than the preceding quarter’s investment total,...
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Glass Lewis & Co. backs BankRI nominees

PROVIDENCE – Bancorp Rhode Island Inc. (Nasdaq: BARI), the parent of Bank Rhode Island, announced Friday that independent-proxy advisory firm Glass Lewis & Co....
DOROTHY EDWARDS, right, a nursing home resident and longtime Hope & Hospice Care of Rhode Island patient, sits with her nurse and case manager, Linda Tolmie. /

Study: Hospice care can extend patients’ lives

In another era, death was a family affair. The sick lay in their beds at home, surrounded by relatives, maybe some close friends and...

Legislators target REIT tax ‘loophole’

Forget for a moment whether it’s good or bad. Here’s how it works: A company creates a subsidiary to buy and manage property –...

Inclusion needed for minority business

It is not surprising that white-owned businesses earn more than those owned by minorities, but the size of the gap found by a U.S....
UNITED WAY of Rhode Island President and CEO Anthony Maione and BankNewport Vice President and COO Sandra Pattie. /

United Way gets $69k from BankNewport

BankNewport has made a corporate match donation of $69,043 to the United Way of Rhode Island Community Impact Fund to help support programs for...

NewportFed 1Q profit increases to $259,000

NEWPORT – Newport Bancorp Inc., the holding company for Newport Federal Savings Bank, has reported a first-quarter profit of $259,000 or 6 cents per...

Nestor shares fall below Nasdaq minimum level

PROVIDENCE – Nestor Inc. has been notified by Nasdaq that, as of April 23, the market value of the company’s common stock had fallen...
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