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Bank of America Corp.’s Countrywide unit sold thousands of bad loans, defrauding Fannie Mae and Freddie Mac out of more than $1 billion in mortgages, prosecutors said at the start of a federal trial. more
The seven Panera Bread bakery-cafes in Rhode island announced Wednesday that the Rhode Island Community Food Bank will receive all funds collected through Panera’s ongoing Cares Community Breadbox program to fight hunger in the state. more
Tourists beat a steady path to Rhode Island during the summer 2013, from beaches to cultural events and historic sites. While early estimates show a modest uptick overall, the approximations are, at the very least, a promising sign in one segment of the Ocean State’s sluggish economy. more
Orders for U.S. equipment such as computers and machinery climbed less than forecast in August, indicating a strengthening in business spending will take time to develop. more
Massachusetts state legislators are preparing to debate the repeal of the controversial technology tax, the AP reported Wednesday. more
Mattel Inc., the world’s largest toymaker, placed the most items on an annual industry list that tries to predict the hottest gifts for the holiday season. more
Astro-Med Inc. announced the worldwide release of its newest inkjet color label printer, the Kiaro! 200, on Monday. The new wide color label printer is currently being debuted at major packaging and labeling trade shows in North America and Europe. more
Toray Plastics (America) Inc., the North Kingstown-based manufacturer of polypropylene films, revealed a new and more modern corporate website on Sept. 17. more
Envision Technology Advisors announced on Sept. 18 the strategic acquisition of Focus24, an IT consultancy previously headquartered in Cranston and specializing in enterprise data solutions. more
Primary Flow Signal and its sister company Turbines Inc. have selected Maser (M) Sdn Bhd of Kuala Lumpur, Malaysia, as the companies’ authorized distributor for Malaysia and the Far East region. more
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