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Tiffany & Co., the world’s second-largest luxury jewelry retailer, reported second-quarter profit that topped analysts’ estimates as price increases and declining product costs helped counter tepid sales in the Americas. more
June saw a year-over-year decline in the foreclosure and 90-plus-day loan delinquency rates in the Providence-Fall River-New Bedford metro area, according to CoreLogic, the international property information service, although the declines were not as significant in the region as they were nationally. more
U.S. stocks fell, with the Standard & Poor’s 500 Index sliding for a second day, as growing tension over possible military action in Syria overshadowed a report showing consumer confidence unexpectedly rose in August. more
(Updated, 11:35 a.m.) The education of Latinos in Rhode Island reflects an achievement gap, compared with white students, that is among the 10 worst in the country, according to a new study by the Latino Policy Institute at Roger Williams University. more
First Marblehead Corp. has named Seth Gelber president of the firm, succeeding Daniel Meyers, who will continue as chairman of the board and CEO, according to the company. more
Washington Trust’s Commercial Real Estate Group has provided $4.3 million in financing to Metro 100 LLC for acquisition of a mixed-use property in Milford, Conn. more
President of Cross Insurance Inc. Rhode Island talks about the decision to open an office in the state. more
NewportFed will keep its name when it is acquired by Savings Institute Bank & Trust Sept. 6. more
Cranston resident Timothy J. Lodge has been named senior vice president in the commercial lines division of Eastern Insurance Group and will based in the company’s Providence office. He will focus on the technology, manufacturing and real estate industries. more
(Updated, 9 a.m.) Rhode Island leaders are prepared to allow 38 Studios LLC’s federal bankruptcy trustee to use assets salvaged from the defunct video game company to investigate claims against its former executives and architects of a failed $75 million state loan guarantee. more
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