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Webster revenue up 6% in 2Q
Webster Financial Corp., the holding company for Webster Bank, has announced net income available to common shareholders of $40.6 million, or $.44 per diluted share, for the quarter ended June 30 up 6 percent from $38.3 million, or $.42 per diluted share for the first quarter ended March 31. more
RIDE names 29 schools in need of intervention
Twenty-nine Rhode Island schools have been identified as in need of intervention under the RI Department of Education’s 2012 School Classifications released Friday. more
Revised Bay State data shows job growth in 2011
Due to an analysis of new Massachusetts payroll employment data, MassBenchmarks estimates that the Bay State saw job growth of 1.2 percent between December 2010 and December 2011, compared compared with the 0.3 percent growth originally reported by the U.S. Bureau of Labor Statistics. more
| 7/13/12
R.I. is 5th-highest for mortgage fraud investigations
Rhode Island had the fifth-highest Mortgage Fraud Index rating in 2011 for fraud investigations, according to LexisNexis’ 14th Annual Mortgage Fraud Report. more
Textron sees jet market gain with fewer used planes put on sale
Textron Inc.’s Cessna Aircraft and other business-jet makers stand to benefit as the supply of secondhand small planes on sale returns to normal levels, Chief Executive Officer Scott Donnelly said. more
Wampanoag casino deal most lucrative in U.S.
The 21.5 percent share of revenue Massachusetts will earn from a casino built by the Mashpee Wampanoag Tribe is the most any state has ever negotiated with an American Indian Tribe, according analyst Clyde Barrow. more
| 7/12/12
Underwater mortgages drop 3.4% in 1Q
The number of underwater homes in the Providence-Fall River-New Bedford area dropped 3.4 percent in the first quarter of 2012 from the fourth quarter of last year, CoreLogic said Thursday. more
Foreclosure filings fall 22% in Providence metro
Year over year, foreclosure filings in the Providence-Fall River-New Bedford area fell 22 percent in the first half of 2012 - and 32 percent in June - compared with the same periods in 2011, RealtyTrac said Thursday. more
Exporters to gain from Russian trade legislation
Rhode Island exporters stand to gain from a growing Russian market, according to Business Roundtable. more
| 7/12/12
Stock-index futures decline on concern over global economy
U.S. stock futures dropped, indicating the Standard & Poor’s 500 Index will fall for a sixth day, amid concern the global economy is weakening. more
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