Fidelity Investments’ profit falls 18%
BOSTON – Fidelity Investments recorded an operating profit of $2.36 billion in 2008, an 18 percent decline from the $2.89 billion it posted for...
Charity care at R.I. hospitals rises 38%
PROVIDENCE – The state’s 13 private hospitals provided $49.7 million in charity care in 2007, at a net cost to them of $36.5 million,...
High court rules for R.I. in tribal land case
WASHINGTON – The U.S. Supreme Court today ruled against the Narragansett Indian Tribe of Rhode Island in its sovereignty dispute with the State of...
MetLife may buy AIG life insurance arm
NEW YORK – American International Group Inc. (NYSE:AIG) has received bids for its 50-nation life insurance group from rivals MetLife Inc. (NYSE: MET) and...
Realtors: Prices show ‘distressed’ drop
WARWICK – Nearly half the single-family homes sales in January in Rhode Island were either short sales or foreclosures, causing the median price to...
General Growth posts $26.26M profit
CHICAGO – “We are primarily focused on our near and intermediate term loan maturities,” General Growth Properties Inc. (NYSE: GGP), the shopping-center giant whose...
Complexity a key part of any family business
In this age of global corporations, it can be easy to forget that family-owned businesses have been the connective tissue of society for generations...
GGP’s Las Vegas loan agreements expire
CHICAGO – General Growth Properties Inc. (NYSE: GGP) has failed to negotiate new financing or a further extension of $900 million in mortgages on...
N.H. firm to buy Altus’ benefits division
PROVIDENCE – Altus Systems Inc. has agreed to sell its employee-benefits administration division to Manchester, N.H.-based Benefits Strategies LLC.
“Altus Benefit Administrators and...
Family businesses have traits to survive
The stock market has tanked. Retirement funds are even worse. Things look bad, but there is a bright side for family firms. Resiliency, optimism...
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