Financial Services

Service industries slow in February, ISM finds

TEMPE, Ariz. – The Institute for Supply Management today said its index of non-manufacturing business fell to 54.3 in February from its January reading...

Central banks appear unlikely to cut rates

The selloff that has roiled the world’s markets for the past week has some investors hoping the central banks will react by loosening interest...
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U.S. banks earn record profits for 6th year

The U.S. banking industry broke earnings records in 2006 for the sixth year in a row, but much of that profit occurred at the...
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Blue Cross campaign seeks to educate consumers

A man reads the labels on two bottles. “Same active ingredients, but one has a much lower price,” he notes. He tosses the pricier...

Quaker loses $37.6M in ’06

FALL RIVER – Quaker Fabric Corp. last week reported a 2006 net loss of $37.6 million, or $2.23 per share, with the bulk of...

Pt. Judith Capital raises $73M with newest fund

PROVIDENCE – Point Judith Capital said last week that it has raised $73 million with its most recent fund, Venture Fund II, with Tudor...

LIN TV 4Q revenue rises 40% on political ads

PROVIDENCE – LIN TV Corp. said last week that its net revenue for the fourth quarter of 2006 was $129.1 million, up 40 percent...
JAMES E. PURCELL /

Behavioral health parity<br> helps patients, saves costs

There is considerable discussion these days about the factors that drive up health care costs. But there is one factor that contributes only modestly,...

Washington Trust to collect peanut butter

The Washington Trust Co. will hold its seventh annual “PB Xpress,” a bank-wide drive to collect jars of peanut butter for the Rhode Island...
THE CENTRAL FALLS school district, among others, might have to join the state health insurance plan if the measure passes.  /

Bill would make schools<br> join state insurance plan

STATE HOUSE – A bill introduced in the General Assembly by Rep. Jan P. Malik (D-Dist. 67, Warren, Barrington), would require school districts to...
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