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Lending to Russian companies reached a crescendo last year, with international banks pledging $31 billion to OAO Rosneft to buy TNK-BP. As sanctions are tightened against the nation, however, even the smallest deals have dried up. more
Gasoline prices declined 4 cents in Rhode Island and 2 cents in Massachusetts this week, the third consecutive week of lower prices in both states, according to the weekly survey by AAA Southern New England. more
(Updated, 8:28 p.m.) Roger Williams University has chosen the former home of 38 Studios LLC as the new location for its downtown Providence campus, the school announced Monday. more
Six schools in Rhode Island and Bristol County, Mass., have been listed among The Princeton Review’s 2015 “Best 379 Colleges.” more
Rhode Island ranks as the least friendly state in the U.S. for small business, according to a new survey by Thumbtack.com of 12,000 entrepreneurs. more
Nortek Inc., maker of home and office security solutions, ventilation and air management products, and heating and cooling systems, reported a second-quarter net loss of $46.2 million, or $2.97 per diluted share, expanding the $8.6 million net loss, or 55 cents per diluted share, posted for the first quarter. more
Single-family home prices in the Providence-Warwick metro area increased 3.2 percent year over year in June, the same level of growth reported a month earlier in May, according to the CoreLogic Home Price Index report released Tuesday. more
Brown University has been named to Forbes’ 2014 list of the most entrepreneurial universities in the country, joining startup breeding grounds such as Stanford University, the Massachusetts Institute of Technology and the California Institute of Technology. more
Capital Properties Inc. reported Tuesday that its second-quarter net income rose 79.3 percent to $450,000, or 7 cents per share, compared with $251,000, or 4 cents per share, during the same period a year ago. more
Service industries in the U.S. expanded in July at the fastest pace since December 2005, showing the economy was building more momentum at the start of the second half of 2014. more
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