Updated February 20 at 8:20am
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Rhode Island’s $7.7 billion pension fund terminated investments in seven hedge funds, including Brevan Howard Asset Management and Och-Ziff Capital Management Group LLC, after voting last month to cut its allocation in half over two years. more
Customers Bancorp Inc. of Pennsylvania this month hit a new milestone, reaching a market capitalization of $1 billion. The parent company of Customers Bank, which has offices in Providence, says it hit the mark partly because of recent gains realized in the stock market. more
The Top 5 Biotechnology & Life Sciences Companies, ranked by number of local employees. more
The cost of living in the U.S. climbed for a fifth month on the back of shelter and fuel prices, pushing inflation closer to the Federal Reserve’s goal. more
MIKEL Inc., a woman-owned, military technology support company, won two government contracts totaling $35.7 million for work with Newport’s Naval Undersea Warfare Center, according to separate announcements by the company on Tuesday. more
Purchases of new U.S. homes in September stayed close to an almost nine-year high, showing residential real estate was maintaining momentum heading into the quieter selling season. more
Consumer sentiment in the U.S. remained stable last week and close to a three-month high, helped in part by upbeat views of buying conditions. more
Dunkin’ Donuts, facing declining sales and tougher competition with McDonald’s Corp., is fighting to reclaim its turf: breakfast. more
Innovation expert Ross explains the advances we will make and the obstacles we will face in the coming decade. Simon & Schuster ISBN 9781476753652 | $28 more
Japanese cleaning consultant Marie Kondo walks readers through her KonMari method for organization and storage. Ten Speed Press ISBN 9781607747307 | $17 more
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