Financial Services

BOB MacKENZIE, Amica vice president and corporate secretary, second from left, is joined by three URI business students - David Hathaway, left, Ryan Yenulevich and Andrea Bernier, right - after a luncheon honoring scholarship recipients. /

Amica pledges $75,000 to URI scholarship fund

The Amica Companies Foundation has pledged $75,000 over five years to the University of Rhode Island’s “Making a Difference” capital campaign. The commitment will...
BCBSRI chief executive James E. Purcell says he wants the state's health care system to focus on quality and prevention. Yet, he adds, 'We want to collaborate with others, not necessarily tell the system what to do.' /

Blue Cross chief wants to reshape<br> Rhode Island’s health care system

James E. Purcell has led Blue Cross & Blue Shield of Rhode Island through some tough times, including the controversy over his predecessor, Ronald...

CPA gets 1 year in prison, loses license,<br> for filing false...

PROVIDENCE – Irving Kalmer of Smithfield has been sentenced to 12 months in prison for filing four years of false tax returns in which...
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Shareholders approve CVS/Caremark board

WOONSOCKET – CVS/Caremark Corp. (NYSE: CVS) says preliminary results from the annual stockholders meeting yesterday indicate the company’s full slate of nominees was elected...
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CVS/Caremark approves $5B stock buyback

WOONSOCKET – The board of directors of CVS/Caremark Corp. (NYSE: CVS) today approved the repurchase of up to $5 billion in outstanding common stock. The...

Fed again leaves rates at 5.25%

WASHINGTON – The Federal Open Market Committee, the policymaking arm of the Federal Reserve System, today decided to keep its target for the federal...
PAUL WOLFOWITZ, 63, the beleaguered World Bank president, fields questions last Wednesday in Belgium. /

Support for Wolfowitz crumbling

Support is crumbling for World Bank President Paul Wolfowitz, 63, a former U.S. deputy defense secretary who is under fire for his role in...

Providence Equity among rumored Alltel bidders

Little Rock-based Alltel Corp. is in takeover talks with three sets of private equity firms – one of which includes Providence Equity Group...

World Bank says Wolfowitz broke ethics rules

World Bank directors have ruled that President Paul Wolfowitz, 63, violated ethics rules in arranging a pay raise for his companion, communications officer Shaha...
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Slater Fund boosts its investment in Andera

PROVIDENCE – The Slater Technology Fund today announced it has provided $350,000 in second-round funding to Andera Inc. to accelerate its product development. Slater...

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