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Tag: U.S. Securities and Exchange Commission

BROOKLINE BANCORP Inc., the parent company of Bank Rhode Island, reported 2024 earnings of $68.7 million, down from the $75 million profit recorded a year prior, according to its recent filing with the U.S. Securities and Exchange Commission. 

SEC filing of the week: BankRI parent posts $68.7M profit in...

PROVIDENCE – Brookline Bancorp Inc., the parent company of Bank Rhode Island that is being acquired by Berkshire Hills Bancorp Inc., has posted 2024...

SEC filing of the week: Pangea completes acquisition of 15 cargo...

NEWPORT – Pangea Logistics Solutions Ltd. completed its acquisition of 15 handy-size vessels from Strategic Shipping Inc. According to its filing with the U.S. Securities...
ADVISING CAUTION: Sen. Louis P. DiPalma, D-Middletown, says the state shouldn’t jump into buying crypto-related investments for public pension funds and treasuries even though other states are becoming more open to it. 
COURTESY CAPITOL TV

States could see a crypto policy blitz in 2025; will R.I....

If the R.I. State Investment Commission, which manages the state’s $11 billion public retirement system, had a crystal ball in 2019, it could have...

SEC filing of the week: JAIA Robotics raises $1.8M in equity funding

BRISTOL – JAIA Robotics Inc., which makes underwater drones for data, has raised $1.8 million in funding, according to its filing with the U.S. Securities...

SEC filing of the week: Textron halts production of Powersports product...

PROVIDENCE – Textron Inc. has paused production of its of Powersports product line within its industrial segment’s specialized-vehicle business due to weak demand.  The maker...
WPRI-TV CBS 12 has reportedly laid off multiple employees as part of parent company Nexstar Media Group Inc.'s 2% companywide workforce reduction plan.

Report: Nexstar’s layoffs include some WPRI-TV employees

EAST PROVIDENCE – Multiple employees at WPRI-TV CBS 12 have reportedly been laid off as part of Nexstar Media Group Inc.’s 2% companywide workforce...

SEC filing of the week: KVH approves sale of R.I. properties

MIDDLETOWN – KVH Industries Inc. has agreed to deals to sell a local office and factory.  On Dec. 5, KVH entered into a purchase and...
CVS HEALTH CORP. has entered an underwriting agreement to sell $3 billion in outstanding notes. 

SEC filing of the week: CVS agrees to sell $3B in...

PROVIDENCE – CVS Health Corp. has entered an underwriting agreement to sell $3 billion in outstanding notes.  In its filing with the U.S. Securities and...
SETTING THE TABLE: Patrons at Bally’s Twin River Lincoln Casino Resort play a hand of blackjack. Bally’s Chairman Soohyung “Soo” Kim says he has no plans to abandon the company’s roots in Rhode Island when his hedge fund, Standard General LP, takes ownership. 
PBN PHOTO/MICHAEL SALERNO

HIGH-STAKES TAKEOVERS: Hedge fund, private equity firm ante up at R.I.’s...

When Sen. Frank A. Ciccone got wind in July that Bally’s Corp.’s board of directors had accepted a $4.5 billion buyout offer from the...

Citizens chief accounting officer and controller is leaving in August

PROVIDENCE – Citizens Financial Group Inc. has disclosed in public filings that its chief accounting officer and corporate controller is stepping down on Aug....
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