Financial Services

RBS announces $1.5M writedown on subprime debt

EDINBURGH – Royal Bank of Scotland Group plc, the second-largest U.K. bank, yesterday said its earnings will exceed analyst estimates this year, despite $3...

UnitedHealth in $630M settlement with former execs

MINNEAPOLIS – After a 15-month review of past stock-option practices, UnitedHealth Group (NYSE:UNH) has reached a settlement agreement with three former executives that calls...

Prescription drug co-pays on the rise, study finds

KANSAS CITY, Kan. – An analysis of prescription drug co-payments over the last three years shows that consumers in New England are paying more...
HENRY PAULSON, right, secretary of the Treasury, looks on as President George W. Bush makes his statement today in the Roosevelt Room at the White House, where they and other officials announced an agreement by lenders to freeze rates on some subprime ARMs for five years, to stem the rising tide of foreclosures. /

Bush, Paulson: Lenders to freeze some mortgage rates

WASHINGTON – President George W. Bush, Treasury Secretary Henry M. Paulson Jr. and Secretary of Housing and Urban Development Alphonso Jackson today...

Bush to announce freeze on mortgage rates

An update of this article is available at www.PBN.com. WASHINGTON – President George W. Bush is expected announce a freeze on some subprime mortgage rates...

3 colleges to share $3M from FirstFed Foundation

SWANSEA – The Robert F. Stoico / FirstFed Charitable Foundation will make three separate gifts of $1 million each to Roger Williams University in...

Graham is URI’s first Vangermeersch Professor

KINGSTON – Allan W. Graham of Newport, an associate professor of accounting in the University of Rhode Island’s College of Business Administration, has been...

With profits falling, will recession follow?

NEW YORK – In terms of U.S. corporate profits, “The earnings recession has already arrived,” David Rosenberg, North America economist for Merrill Lynch &...

MetLife projects 16% earnings growth in 2007

NEW YORK – MetLife Inc. (NYSE: MET) today projected earnings per diluted common share of $5.90 to $6.20 for all of 2007, up from...

New plan drops Bay State auto premiums by 7.8%

The move to a more competitive auto insurance industry in Massachusetts will lead to an average cut in premiums of 7.8 percent, according to...
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