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Webster execs will forgo bonuses

WATERBURY, Conn. – Two top executives at Webster Financial Corp. (NYSE: WBS), the parent of Webster Bank, have asked that they not receive an...

BankRI receives $30M from Treasury

PROVIDENCE – Bancorp Rhode Island Inc. (Nasdaq: BARI), the parent company of Bank Rhode Island, has received $30 million as a participant in the...

FM Global again gets ‘A+’ rating

JOHNSTON – Commercial-property insurer FM Global, one of the world’s largest business-property insurers, has maintained an “A+” financial strength rating and “stable” ratings outlook...

Five Questions With: Merrill W. Sherman

When Gov. Donald L. Carcieri unveiled an economic stimulus plan earlier this month, the announcement was attended by executives from eight banks and credit...

R.I. OKs filling of some state vacancies

PROVIDENCE – The R.I. Department of Administration has received tentative approval from the state Budget Office to fill 92 of its 169 current vacancies....

AAA: Gasoline prices fall in R.I., Mass.

PROVIDENCE – “After one week unchanged, gasoline prices in Rhode Island have resumed their downward trend,” Lloyd P. Alpert, senior vice president for public...
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Mass.: Charities received 35% of money<br> raised by outside solicitors in...

BOSTON – Of every dollar raised last year by firms or individuals registered with the Bay State as professional fundraisers, only 35 cents actually...

Simulia’s revenue grew by double digits in 3Q

PROVIDENCE – Despite the tough environment for technology companies, Dassault Systèmes, the French parent company of Providence-based, virtual-testing developer Simulia, saw both its revenue...

Tofias PC acquired by two Midwest companies

CAMBRIDGE, Mass., and PROVIDENCE – Tofias PC, the second-largest regional accounting firm in New England, will be purchased by two Midwestern firms that “work...

MoFuse wins innovation award for mobile content

PROVIDENCE – Mobile Web software developer MoFuse won a Judges’ Choice Award at Dealmaker Media’s recent “Under the Radar: Mobility” conference. MoFuse won in the...
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