Financial Services

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CVS/Caremark gives $2.5M<br> for health care reform

WOONSOCKET – The CVS/Caremark Charitable Trust today announced plans for a five-year $2.5 million grant to the R.I. Quality Institute. The institute is a collaborative...
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NewportFed 1Q profit rises to $259,000

NEWPORT – Newport Bancorp Inc. (Nasdaq: NFSB), the holding company for Newport Federal Savings Bank, has reported a first-quarter profit of $259,000 or 6...
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Nestor shares fall below Nasdaq minimum

PROVIDENCE – Nestor Inc. (Nasdaq: NEST) has been notified by Nasdaq that, as of April 23, the market value of the company’s common stock...

United pays $67,500 for R.I. violations

A “market conduct” examination of UnitedHealthcare of New England has found the company failed to comply with Rhode Island’s small-group health insurance law in...
THIS CLOSE-UP shows how the development will hug Attleboro's riverfront. /

Attleboro plans downtown revitalization

Frank Cook, chairman of the Attleboro City Council’s finance committee, sees the council’s vote last month to approve a downtown renewal plan as the...

Home-loan crisis seen as big threat to minorities

The event was meant to mark the 39th anniversary of the Fair Housing Act, the civil rights legislation that banned discrimination in housing. But...
THE SLOWDOWN in the real estate market has made it hard for short-term investors to make a profit anytime. /

Residential market is flipped out

From Discovery Home’s “Flip that House” to Fix and Flip magazine to a plethora of how-to Web sites and books, the message that buying,...

Ground Zero developer Silverstein <br> expects to attract brokerage tenants

NEW YORK – Developer Larry Silverstein said he expects to lease space at the three towers he’s building at the World Trade Center...

Fixer-upper franchise targets R.I. market

A Dallas-based franchise famous for its “We Buy Ugly Houses” slogan is looking to enter the Rhode Island market, seeking eight franchisees in the...
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Washington Trust sees setback, BankRI rebounds

First-quarter results issued last week by Rhode Island’s two largest independent banks show interest rate trends continue to cut into profits. But while extensive...

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