Updated May 27 at 5:27pm
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Purchases of previously owned U.S. homes unexpectedly rose in July to a 10-month high as low borrowing costs and an increase in inventory drew buyers. more
A new generation of Wall Street bankers is about to get a raise, as firms open wallets to head off defections to investment funds and Silicon Valley. more
General Dynamics Electric Boat is in a hiring surge to meet the requirements of U.S. Navy contracts and has already added more than 720 new employees at its Quonset Point facility since the beginning of the year, according to Jason Vlaun, the company’s human resources manager. more
The decommissioned USS Saratoga is on its way from Naval Station Newport to a recycling plant in Brownsville, Texas, where it will be scrapped and recycled, according to the U.S. Navy. more
(Updated, 1 p.m.) Bank of America Corp. agreed to pay about $16.7 billion to end federal and state probes into mortgage bond sales, the harshest penalty yet related to loans that fueled the 2008 financial crisis. more
AAA Southern New England projects that 34.7 million Americans will journey 50 miles or more from their homes during the Labor Day holiday weekend. This is the highest volume of travelers for the holiday since 2008. more
Secretary of State A. Ralph Mollis is bringing business owners, entrepreneurs, industry leaders and government officials together during the eighth annual “We Mean Business” expo on Sept. 3. more
Practicing surgeon from Providence discusses his new book, “The Cost of Cutting: A Surgeon Reveals the Truth Behind a Multibillion-Dollar Industry.” more
The U.S. Food and Drug Administration issued a statement discouraging the use of laparoscopic power breaking up and removal of the uterus or uterine fibroids, a recommendation Women & Infants urogynecologist Dr. Charles Rardin is arguing against. more
The Comprehensive Cancer Center of Rhode Island together with The Miriam Hospital and Newport Hospitals will host Avenues of Healing’s “The Healing Power of Humor,” an educational and entertaining event about managing stress, cancer care and surviving. more
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