Financial Services

TRADERS WORK the floor of the New York Stock Exchange yesterday, when 'extraordinary heavy trading' erased this year's gains and caused problems with Dow Jones, NYSE and Nasdaq data reporting. /

Computer problems blamed<br> for Dow’s sudden drop

NEW YORK – Computer malfunctions due to heavy trading in yesterday’s global selloff made the Dow Jones Industrial Average appear to plummet 178 points...

U.S. markets lose $600B in global plunge

The Dow Jones Industrial Average today fell as much as 546 points – the most since New York’s first trading day after the terrorist...

Pt. Judith capital raises $73M fund

PROVIDENCE – Point Judith Capital today announced it has raised $73 million with its most recent fund. The early-stage venture capital firm said it...
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Kopin to retain stock’s listing on Nasdaq

TAUNTON – Kopin Corp. has been granted an extension to meet the qualifications for retaining its common stock’s listing on Nasdaq, the company said...
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‘Factoring’ receivables into working capital

Like nearly every business, yours needs working capital. The problem is, your cash receipts from customers tend to come in more slowly than your...
THE MERGER announced in November by CVS Corp. president and Thomas M. Ryan, left, and Mac Crawford, his counterpart at Caremark Rx, now will go before shareholders in March. /

Caremark shareholders to vote March 16

NASHVILLE, Tenn. – Caremark Rx Inc. (NYSE: CMX) has rescheduled its shareholder vote on the proposed merger with CVS Corp. (NYSE: CVS) for Friday,...

Take control of travel expenses

Dear Dan: My small company is expanding its client base to other parts of the country. But our travel budget is tight. Any ideas?...

’60s rock Web site sues 2 record companies

Warner Music Group Corp. and Sony BMG Music Entertainment are being sued by a rock-music archive that accuses the record companies of conspiring to...

SEC fines Symantec’s Veritas $30M in accounting case

The U.S. Securities and Exchange Commission has fined Symantec Corp.'s Veritas Software subsidiary $30 million for accounting fraud, ending a case that divided Republicans...

CVS delays shareholder vote on Caremark deal

WOONSOCKET – In light of the recent court decision delaying the Caremark Rx shareholder vote on the planned merger with CVS Corp., CVS said...
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