Financial Services

CAREMARK CEO Mac Crawford, right, and CVS CEO Tom Ryan leave the stage in New York Nov. 2 after announcing the deal, then valued at $21B.  Crawford is to be chairman of CVS/Caremark and Ryan, president and CEO. /

Caremark shareholders approve CVS takeover

NASHVILLE, Tenn. – “A substantial majority” of shareholders of Caremark Rx Inc. (NYSE: CMX) voted to approve the company’s buyout by CVS Corp. (NYSE:...

Rockland Trust parent sets 17-cent dividend

ROCKLAND, Mass. – Independent Bank Corp. (Nasdaq: INDB), parent of Rockland Trust Co., yesterday announced a 6-percent increase in its quarterly dividend.The company’s board...
CVS CORP. will become CVS/Caremark if the Nashville company's approve the deal, CVS shareholders today decided. Above, pedestrians wait at a bus stop outside a CVS/pharmacy in Providence late last year. /

CVS shareholders say yes to Caremark deal

WOONSOCKET – CVS Corp. (NYSE: CVS) says its shareholders have approved the company’s $27 billion purchase of Caremark Rx Inc. (NYSE: CMX).“We are extremely...

Washington Trust declares 20-cent dividend

WESTERLY – The board of directors of Washington Trust Bancorp Inc. (Nasdaq Global Market: WASH) today declared a dividend of 20 cents per share...

Mass. foreclosures soar in February

BOSTON – Delinquent mortgage payments continued to plague Massachusetts lenders last month, when the number of foreclosure petitions nearly doubled over year-ago levels and...
TONIGHT in Providence, TPG will host a downcity celebration of the topping-off of the new Westin tower, complete with fireworks. /

TPG buys 50th hotel, in Florida

CRANSTON – Real estate developer and hotelier The Procaccianti Group yesterday announced the acquisition of its 50th hotel, The Westin Fort Lauderdale, which it...

Astro-Med officers to exercise 85,000 options

WEST WARWICK – Astro-Med Inc. (Nasdaq: A LOT) says five company officers plan to exercise options on a total of 85,000 shares of Astro-Med...

Microsoft buying voice-services firm Tellme Networks

REDMOND, Wash. – Microsoft Corp. (Nasdaq: MSFT) today announced it will acquire Mountain View, Calif.-based Tellme Networks Inc., a provider of voice services including...

Global selloff leaves investors cautiously bullish

U.S. investors, though still bullish in the longer term, are scaling back their portfolios after last month’s selloff.Twenty-eight percent of investors in a recent...
BUILDERS work on a new house in Denver. /

Fed, OCC under fire in mortgage meltdown

WASHINGTON – The Federal Reserve and U.S. Office of the Comptroller of the Currency are under fire by consumer advocates and former officials for...
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