Financial Services

Summer Infant warrants expire

Financial Services 04/27/2009

WOONSOCKET – Summer Infant Inc.’s publicly traded warrants (NASDAQ: SUMRW) expired on April 20 at 5 p.m., the Woonsocket-based company has announced. “The expiration of...

"On the consumer side, our well-meaning politicians who believed that homeownership was a right instead of an earned privilege, watered down the lending requirements of one of the nation's largest residential mortgage buyers, enabling borrowers who previously would not have qualified for home mortgages to borrow vast sums of mortgage debt well in excess of their financial means," said Alan Doyle of Larew, Doyle & Associates Inc. /

Five Questions With: Alan Doyle

Financial Services 04/27/2009

Some finance industry analysts have predicted that there will be a wave of commercial real estate defaults in the coming years as borrowers struggle...

R.I. foreclosure Web site launches

Financial Services 04/27/2009

PROVIDENCE – A subscription Web site that will track foreclosure and auction activity throughout Rhode Island officially launched today. The Web site, RI-Foreclosure.com, boasts...

2009 Business Women winners named

Financial Services 04/27/2009

PROVIDENCE – Providence Business News today announced the names of the 14 women who have been selected to be honored in the second part...

NewportFed parent posts small Q1 loss

Financial Services 04/27/2009

NEWPORT – Newport Bancorp Inc., the holding company for Newport Federal Savings Company, posted a first-quarter loss of $7,000, or less than 1 cent...

Wash Trust 1Q profit cut in half

Financial Services 04/27/2009

WESTERLY – Washington Trust Bancorp Inc., parent of The Washington Trust Co., today posted first-quarter profit of $2.67 million, down 54 percent from the...

NUMBER CRUNCHERS: Peter and Charlotte Chabot started Minimax Consulting Group in 2006. The firm has grown to 20 employees and has counted major companies as clients, including Starbucks and Visa. / PBN PHOTO/MATTHEW HEALEY

Calculating success by the numbers

Financial Services 04/27/2009

The world is awash in numbers. Companies collect oceans of data on their customers, employees and operations, and powerful computers make running sophisticated computations...

I am looking forward to … [enhancing] the hospital’s mission of excellence in education. /

Hasbrouck named medical-business director at RIH

Financial Services 04/26/2009

Mark Hasbrouck has been named administrative director of medical-business affairs at Rhode Island Hospital. He will be responsible for the business operations of the...