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May 12, 2008 Archives

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Investor to pay $1M to settle insider case linked to Citizens

5:26 PM Mon, May 12, 2008 | | Write a comment
By Andrea Panciera    Email

BOSTON -- A former hedge fund manager from Waltham and his investment business have agreed to pay more than $1 million to settle an insider trading case. The Securities and Exchange Commission announced today it has resolved its civil case......

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RI gas, home heating oil hits new highs

10:11 AM Mon, May 12, 2008 | | Comments (2)
By John Kostrzewa    Email

Gasoline prices in Rhode Island jumped 13 cents in the last week, setting another record high. The average price yesterday was $3.739 a gallon, according to a survey by the Rhode Island Office of Energy Resources. The prices ranged from......

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Amgen spent $2.5 million on federal lobbying

9:25 AM Mon, May 12, 2008 | | Write a comment
By John Kostrzewa    Email

Amgen Inc., the biotech drugmaker that runs a plant that manufactures Enbrel in West Greenwich, spent $2.5 million lobbying the federal government in the first quarter of 2008. Amgen lobbied on legislation that would allow the Food and Drug Administration......

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Hasbro, Wal-Mart share gains beat S&P 500

8:46 AM Mon, May 12, 2008 | | Write a comment
By John Kostrzewa    Email

Wal-Mart Stores Inc. and Hasbro Inc., which rely on Americans' disposable income, surged more than 15 percent in New York Stock Exchange trading since mid-January even as billionaire Warren Buffett said the U.S. economy is contracting and Harvard University economist......

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Sovereign plans to raise fresh capital

8:41 AM Mon, May 12, 2008 | | Write a comment
By John Kostrzewa    Email

Sovereign Bancorp Inc., the Pennsylvania-based savings and loan that is one of the biggest banks in Rhode Island, plans to raise about $1.5 billion in capital as the company tries to rebound from losses in 2007. The lender will sell......

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Brown University focus of magazine, Web site plans

8:27 AM Mon, May 12, 2008 | | Write a comment
By John Kostrzewa    Email

Brown University is among the Ivy League schools that are targeted as sites for a new type of magazine, social networking and event sponsorship site. Manhattan Media announced the plan after buying 02138, the magazine for Harvard University alumni from......

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