Financial Services

MetLife Foundation gives $20,000 for ‘e-mentoring’

The MetLife Foundation last month donated $20,000 to the Rhode Island Mentoring Partnership to continue the development of an “e-mentoring” program launched last year...

14 retailers join Citizens’ rewards program

PROVIDENCE – The launch of the Citizens Bank and Charter One Bank Merchant Network was announced this week by parent Citizens Financial Group Inc....

CVS, Caremark sweeten offer to $26.3B

CVS Corp. (NYSE: CVS) and Caremark Rx Inc. (NYSE: CMX) today announced “enhancements” to their planned merger in response to rival Express Scripts’ (Nasdaq:...
CAREMARK can hold its March 16 shareholder vote on the CVS offer, a Delaware judge ruled. Above, CVS' Tom Ryan, left, with Caremark's Mac Crawford, who would be chairman of CVS/Caremark. /

Caremark vote on CVS deal to proceed;<br> Express Scripts boosts its...

Express Scripts Inc. (Nasdaq: ESRX) last night boosted its hostile takeover bid for Caremark Rx Inc. (NYSE: CMX). Express Scripts said it will raise...

Amtrol files Ch. 11 reorganization plan

WEST WARWICK – Amtrol Inc. says it has reached an important milestone in its Chapter 11 reorganization, with the filing by the company and...
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FM Global annual profit grows 16% to $737M

JOHNSTON – Commercial property insurer FM Global posted 2006 net income of $737 million, a 16-percent increase over the previous year’s $635 million. The policyholder...

Bankers report surge in mortgage applications

Mortgage applications last week surged to the highest level in nearly three months as interest rates fell, the Mortgage Bankers Association said in a...

Paulson predicts ‘solid growth, low inflation’

SEOUL, South Korea – U.S. Treasury Secretary Henry Paulson today played down concerns about the global sell-off that wiped out $3.3 trillion in equity...
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KBL approves Summer Infant acquisition

NEW YORK – KBL Healthcare Acquisition Corp. II stockholders approved the company’s acquisition of Summer Infant Inc. at a special meeting today. The...
U.S. TREASURY SECRETARY Henry Paulson, right, secretary, right, meets with Toshihiko Fukui, governor of the Bank of Japan, today in Tokyo. /

Paulson: Bad mortgage debt will be limited

TOKYO – Treasury Secretary Henry Paulson, on the first Japan trip since he took office, told reporters the U.S. financial sector is healthy and...
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