Financial Services

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Consumers lose confidence in August

NEW YORK – U.S. consumer confidence retreated this month, giving up its July gains, amid news of plunging stock prices and sagging home values,...

Nevada OKs UnitedHealth-Sierra merger

MINNEAPOLIS and LAS VEGAS – The planned merger of UnitedHealth Group Inc. (NYSE: UNH) and Sierra Health Services Inc. (NYSE: SIE) has won the...

SBA deadline looms for Bernat Mill fire victims

BOSTON – Businesses, nonprofits and residents whose property was damaged by the Bernat Mill Complex fire in Uxbridge have until Sept. 21 to...

Concordia gets $250k boost from Slater Fund

COVENTRY – Concordia Fibers LLC has closed on a $1.5 million round of venture financing, including $250,000 from the Slater Technology Fund, to support...
PHOTO COURTESY OF BROWN UNIVERSITY Brown University professor Anna Lysyankaya said that her experience in the Soviet Union piqued her interest in math-based privacy questions. /

Brown computer scientist named a ‘young innovator’

When Anna Lysyanskaya graduated 10 years ago from Smith College with a B.A. in math and computer science, she was unsure where her career...

Massachusetts embraces ‘managed competition’

Massachusetts’ effort to open its auto insurance industry to more competition should take another step forward this week, when the state insurance commissioner is...
Skip Ponte reads off the legal notice announcing the auction for a property at 440 Benefit St. in Pawtucket. /

R.I. foreclosures surged 37% in July

Last Wednesday at 1 p.m., auctioneer Skip Ponte of Irving Shechtman and Co. stood with a red clipboard outside a Pawtucket house next to...

U.S. new-home sales rise 2.8% in July

WASHINGTON – Sales of new homes in the U.S. unexpectedly rose last month for the second time this year, surging 2.8 percent to a...

FTC approves BofA’s purchase of LaSalle Bank

WASHINGTON – The Federal Trade Commission has granted regulatory approval for Bank of America Corp.’s $21 billion acquisition of the Chicago-based LaSalle Bank. Amsterdam-based...

Countrywide surges after BofA invests $2B

CHARLOTTE, N.C. – Bank of America Corp. (NYSE: BAC), the second-largest U.S. bank, has acquired $2 billion in non-voting preferred stock in the nation’s...

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