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BANK RHODE ISLAND recently provided $1.6 million to help Newport Development Associates LLC to purchase a retail property, above, at 144 Thames St. in Newport. / COURTESY BANK RHODE ISLAND

Bank Rhode Island provides $1.6M for purchase of Newport building

NEWPORT – Bank Rhode Island recently provided $1.6 million to help finance the purchase of a retail property in Newport.The loan was made with...
BIZBUYSELL REPORTED record-breaking business transactions for the nation. The number stayed level in the Providence metro area. / COURTESY BIZBUYSELL

BizBuySell: Transactions level, smaller deals in 2017

PROVIDENCE – BizBuySell, an online business-for-sale marketplace, reports 45 businesses were sold in the Providence metropolitan area during 2017.The 45 deals match the total...

Stock plunge would need to get much worse to derail economy

WASHINGTON – Monday’s stock-market plunge is unlikely by itself to make a significant dent in a U.S. economy that’s enjoying solid gains in spending...

U.S. stocks sink most since 2011 as rout deepens

NEW YORK – U.S. stocks plunged the most in 6 1/2 years, with the Dow Jones Industrial Average sinking more than 1,100 points, as the...

How big business is using the Trump tax cut, what we...

NEW YORK – President Donald Trump’s corporate tax cuts are already having a big impact.The main takeaway at the halfway point of earnings season...
WHILE THE NUMBERS ARE LARGE, the recent drops in equities prices pale on a percentage basis in comparison to those seen prior to the Crash of 1987, when the stock market fell 20 percent in one day.

It’s way too early to compare this market turmoil to 1987...

NEW YORK – There’s new leadership at the Fed, and stocks are buckling amid losses in bonds. But that’s about as far as anyone...
CONCERNED: Keynote speaker Mark W. Everson, vice chairman of alliantgroup, a Texas-based tax-services provider, addresses the crowd at the Providence Business News 2018 Tax Reform Summit. He says the growing budget deficit is a top concern. / PBN PHOTO/
MIKE SKORSKI

Uncertainty reigns on impact of tax changes

Anyone who thought the new tax law would result in a simpler tax code would be sorely mistaken.If anything, parts of the sweeping new...

The argument for ditching the 401(k) and starting over

There have been some modest attempts in the past few years to shore up and fill in gaps in this country’s haphazard system of...
HIROAD ASSURANCE Co. is a new Providence insurance firm that uses an app to monitor and reward good-driving habits./ GRAPHIC COURTESY HIROAD

Providence insurance firm aims to reward good driving

PROVIDENCE – A new car insurance company in Rhode Island is aiming to reward policyholders based on good-driving behavior.HiRoad Assurance Co., an affiliate of...
BOSTON-BASED BROOKLINE BANCORP, parent of Bank Rhode Island, reported fourth-quarter and full-year earnings that were negatively impacted by the federal tax overhaul.

Brookline Bancorp 2017, 4Q profit fall after new tax law

BOSTON – Brookline Bancorp Inc. suffered a $9 million noncash charge on deferred tax assets stemming from the federal tax overhaul, depressing both full-year...
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