Updated December 6 at 6:25am
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Verizon Communications Inc. agreed to buy fiber-optic networks from Carl Icahn’s XO Communications LLC and lease spectrum for about $1.8 billion, giving the nation’s largest wireless carrier more Internet bandwidth for corporate clients and airwaves to test faster wireless technology. more
Foreclosure rates in the Providence-Warwick metropolitan area and Rhode Island increased in December compared with December 2014, while mortgage delinquency rates fell during the same time frame, according to CoreLogic. more
Consumer confidence slumped in February as households grew more concerned about the outlook for the economy and jobs. more
Sales of previously owned U.S. homes unexpectedly rose in January to the second-highest pace since early 2007, indicating the industry will keep prospering. more
Systems Engineering Associates Corp. is part of a team that has been awarded a $55 million Naval Sea Systems Command contract for submarine work. more
CVS Health Corp. said drug costs for its plans grew a modest 5 percent in 2015, far less than the 11.8 spending growth rate from a year before. more
Another list, another poor showing for Providence. Apartment List, an online rental marketplace, gave Providence a grade of D on its list of the “Best Cities for Young Families.” more
(Updated 12:42 p.m.) Helped by milder weather, Massachusetts single-family home sales climbed more than 25 percent in January to 3,422 compared with 2,736 a year ago, The Warren Group, publisher of Banker & Tradesman, said Tuesday. more
An Attleboro company that specializes in demographic analysis for retail locations will relocate to downtown Providence, bringing with it 28 jobs. The move will qualify for $500,000 in state Qualified Jobs Incentive Tax Credits, as approved Monday by the R.I. Commerce Corp. board. more
A design and ceramic production studio recently moved from Los Angeles to Providence, buying a historic mill building in the Olneyville section at 46 Dike St. more
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