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WASHINGTON – Unemployment rates dropped in Providence last month compared to June 2012, the U.S. Department of Labor’s bureau of labor statistics announced Tuesday in its monthly report. The … more
Rhode Island’s rate of mortgaged homes in the process of foreclosure fell to 2.3 percent in June, a 0.7 percent year-to-year decrease, according to a monthly national foreclosure report released Tuesday by property information provider CoreLogic. more
Both revenue and profit fell at Sovereign Bancorp in the first half of 2013, the Boston Business Journal reported. more
Rhode Island construction employment declined five percentage points between June 2012 and June 2013, according to an analysis of federal employment data released Tuesday by the Associated General Contractors of America. more
Rhode Island single-family home sales rose 15 percent in the second quarter of 2013 compared with the same period last year and the median price of those sales increased 10 percent, the Rhode Island Association of Realtors said Tuesday. more
Federal prosecutors are calling for a $500,000 fine on the Texas natural gas firm that illegally stored liquid mercury for two years in a Pawtucket building, Boston.com reports. more
The merger and systems conversion of Newport Federal Savings Bank and Willimantic, Conn.-based Savings Institute Bank and Trust Co. is set for Sept. 6 through Sept. 8 more
Cross Insurance, a subsidiary of Cross Financial Corp. and one of the largest independent insurance providers in New England, has opened its first Rhode Island office in East Providence. more
Mortgage-technology company FNC Inc. has developed a product that creates a Web-based technology platform through which banks and investors can buy and sell mortgages. more
The Royal Bank of Scotland, parent company of Providence-based RBS Citizens Financial Group, has begun the process of looking for a new chief executive to replace Stephen Hester, who was pressured to step down last month. more
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