Financial Services

Bidding war for Dow Jones predicted

NEW YORK – Shareholders in Dow Jones & Co. have said they expect a bidding war to erupt in the wake of Rupert...
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ISS recommends BankRI board nominees

PROVIDENCE – Bancorp Rhode Island Inc. (Nasdaq: BARI), the parent of Bank Rhode Island, yesterday announced that Institutional Shareholder Services has recommended shareholders vote...

Newport Landings gets $20M, 2-year loan

MIDDLETOWN – Inland Mortgage Capital Corp., based in Oak Brook, Ill., announced it has provided Newport Landings LLC with a $20 million loan to...

Slater Fund invests $500,000 in Tizra

PROVIDENCE – Tizra Inc. today announced it has closed on a $500,000 investment from the quasi-public Slater Technology Fund. The money will enable the East...

ABN Amro seeks details of RBS takeover bid

AMSTERDAM – ABN Amro Holding NV, the target of banking’s biggest-ever takeover battle, today asked a group led by Citizens’ parent Royal Bank of...
'MY FAMILY and I will always be grateful to Citizens for helping us make our dream come true,' says Paula Cavallaro, center back, with husband James Cavallaro and their daughters, Amanda and newly adopted Anny. /

Citizens Financial is named No. 1 </br> Adoption-Friendly Workplace

DUBLIN, Ohio – The Dave Thomas Foundation for Adoption today announced that Providence-based Citizens Financial Group Inc. ranked No. 1 on its list of...
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CVS/Caremark gives $2.5M<br> for health care reform

WOONSOCKET – The CVS/Caremark Charitable Trust today announced plans for a five-year $2.5 million grant to the R.I. Quality Institute. The institute is a collaborative...
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NewportFed 1Q profit rises to $259,000

NEWPORT – Newport Bancorp Inc. (Nasdaq: NFSB), the holding company for Newport Federal Savings Bank, has reported a first-quarter profit of $259,000 or 6...
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Nestor shares fall below Nasdaq minimum

PROVIDENCE – Nestor Inc. (Nasdaq: NEST) has been notified by Nasdaq that, as of April 23, the market value of the company’s common stock...

United pays $67,500 for R.I. violations

A “market conduct” examination of UnitedHealthcare of New England has found the company failed to comply with Rhode Island’s small-group health insurance law in...
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