Updated February 25 at 6:27pm
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All American Foods has been acquired by Rosemont, Ill.-based US Foods for an undisclosed sum. According to a press release issued Tuesday about the transaction, All American Foods, a distributor, has annual sales of approximately $60 million. more
U.S. stocks rose to records as retailer results topped estimates, while the dollar resumed its advance amid fresh signs global growth has started to accelerate. more
New Media Investment Group Inc. reported a 74.3 percent drop in profit in the fourth quarter and a 53.2 percent drop in profit in 2016. more
Proposals soon will be requested from industry, academic and research partners to develop a new Innovation Campus, according to the R.I. Commerce Corp. more
Rhode Island institutions of higher education reigned supreme in this year’s list of top Fulbright scholarship recipients. more
Ed Hammersla is the new CEO of Utilidata Inc., replacing Scott DePasquale, who will remain chairman of the board. more
Verizon Communications Inc. will acquire Yahoo! Inc.’s Internet properties at a $350 million discount after revelations of security breaches at the web company. more
The U.S. economy is poised to deliver on the Federal Reserve’s economic forecast for this year. more
Two well-known, Rhode Island executives with expertise in medical innovation told the Interstate 195 Redevelopment District Commission Monday they want to create a new center to attract talent and spur business creation. more
(Updated 1:40 p.m.) The Newport Shipyard is seeking state permission to expand its capacity to accommodate larger yachts, according to an application before the R.I. Coastal Resources Management Council. more
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