Bush announces plan to aid homeowners
WASHINGTON – The stock market rebounded this morning on news that President George W. Bush would announce steps to help people with subprime mortgages...
Mass. foreclosure notices more than double
BOSTON – Foreclosure petitions and auction announcements in Massachusetts surged last month, according to the latest figures from The Warren Group. Compared with July...
Providence Equity and 3i selling <br> Sparrowhawk Holdings to NBC Universal
LONDON – NBC Universal has agreed to buy global pay-TV provider Sparrowhawk Holdings from Providence Equity Partners, 3i Group and management shareholders, for...
Former U.S. Rep. Harold Ford joins Nestor board
PROVIDENCE – The board of directors of Nestor Inc. (Nasdaq: NEST), a provider of traffic-safety systems and services, has unanimously elected former U.S. Rep....
Fitch: Housing sector faces ‘challenging’ 2008
NEW YORK – “It is likely that 2008 will be another challenging year” for the U.S. housing market, and especially for builders, Fitch Ratings...
BNS files to end registration with SEC
LOS GATOS, Calif. – BNS Holding Inc. (OTCBB: BNSIA), the holding company for specialty vehicle manufacturer Collins Industries, has filed an application to terminate...
Mortgage applications fall 4.2%;<br> fewer homebuyers seeking ARMs
WASHINGTON – Mortgage applications nationwide fell last week to their lowest level in a month as the rate on adjustable-rate mortgages soared, the Mortgage...
Top fund managers make $210,700 per week
The top managers at U.S. private-equity and hedge funds made 22,255 times the U.S. average wage, according to a joint report today by the...
Household incomes rise but insurance rates fall
WASHINGTON – More Americans went without health insurance last year, according to a report by the Economic Policy Institute.
The percentage of U.S. residents...
R.I. child poverty rate plunges in 2006
PROVIDENCE – Rhode Island had the nation’s 17th-lowest rate of child poverty last year, a marked improvement from its 35th-lowest ranking in 2005, according...