Wednesday, April 24, 2024

TOPICS

Financial Services

A CHEVROLET VEHICLE EXITS a General Motors plant in Livonia, Mich., on Monday. The factory is one of 15 plants, including a distribution center in Norton, that G.M. plans to close as it shrinks its operations. /

Bankrupt G.M. to close new Norton plant

NORTON – A General Motors parts distribution center in the Norton Commerce Center is among the early casualties of the automaker’s Chapter 11 bankruptcy...
THE SPECTRUM CAPITAL GROUP will become part of a newly-created Special Situations Group at Morgan Keegan & Company, a subsidiary of banking giant Regions Financial. /

Morgan Keegan buys Spectrum Group

BRISTOL – Local investment and merchant banking firm The Spectrum Capital Group has been acquired by Morgan Keegan & Company Inc., the brokerage and...
"ROCKLAND TRUST is honored to receive this New Markets Tax Credit award, as this funding will enhance our already strong commitment to support the communities in which Rockland Trust does business," said Chris Oddleifson, president and CEO of Independent and Rockland Trust Co.  /

Rockland Trust subsidiary approved to sell tax credits

ROCKLAND, Mass. – Rockland Trust Community Development Corporation has been approved by the U.S. Treasury to sell $50 million in tax credits that will...

Playboy approaches Providence Equity about sale

PROVIDENCE – Playboy Enterprises (NYSE: PLA) has reportedly approached Providence Equity Partners and other private equity firms in a search of a buyer. The asking...

Amica Storm Center to aid hurricane protection

LINCOLN – With hurricane season officially beginning yesterday, Amica Mutual Insurance Co. is launching the Amica Storm Center that will provide information for people...

Independent awards management $1.83M in stocks

ROCKLAND, Mass. – Independent Bank Corp. disclosed last week that it has awarded its senior management team restricted common stock worth about $1.83 million. The...
"LIKE SO many sectors of our economy, [nonprofits] have been experiencing significant and, in some cases, severe downward trends in their financial operations and ability to deliver their services," said Eric Saunders, an accountant with Braver PC.  /

Five Questions With: Eric Saunders

Eric Saunders is an accountant with Boston-based Braver PC, which has offices in Providence. He specializes in accounting and tax issues with nonprofit organizations....

Slater invests $500K in medical startup

PROVIDENCE – The Slater Technology Fund has invested $500,000 in RxVantage, a Providence-based startup firm that develops software for use in medical offices. RxVantage was...

Nursing homes continue to draw the state’s shortest funding straw

To the Editor: You recently reported on a Genworth Financial Inc. study showing sharp increases in the cost of long-term care in our state (“R.I....

Public health plan needed for balance

In Rhode Island in 2007, the top two insurers, Blue Cross & Blue Shield of Rhode Island and UnitedHealthcare of New England, held a...
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