Updated July 29 at 5:44pm
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GTECH S.p.A. on Thursday reported second-quarter net income of 65.6 million euros ($89.9 million based on the exchange rate of $1.37 per euro on June 30), a 9 percent decline compared with the €72.1 million ($98.8 million) income for the same period last year. more
Brookline Bancorp, Inc., parent company of Bank Rhode Island, posted earnings of $10 million for the second quarter of 2014, an increase of 5.1 percent over net income of $9.5 million in the second quarter of 2013. more
Save The Bay is urging the Coastal Resources Management Council to require property owners in Matunuck to remove shoreline walls that it claims were illegally installed in the past several years. more
Rhode Island’s foreclosure rate dropped in June to 1.9 percent, compared with 2.5 percent a year earlier, according to a report released Thursday by real estate data firm CoreLogic. more
Nearly 500 members of the local business community attended the 10th Anniversary celebration of Providence Business News’ 40 Under Forty awards program on Thursday, July 24, at Salve Regina University’s Ochre Court in Newport. more
Bank of America Corp. is nearing a settlement with the U.S. Justice Department after raising its proposed offer to resolve probes into its sale of mortgage-backed bonds in the run-up to the financial crisis, according to people familiar with the talks. more
As part of the long-term recovery effort following the landfall of Hurricane Sandy, the U.S. Bureau of Ocean Energy Management and the state of Rhode Island are collaborating to evaluate sand resources for coastal resilience and restoration planning. more
Real gross domestic product in Massachusetts grew at an annual rate of 4.9 percent in the second quarter, reversing the economy’s contraction in the first quarter and outpacing U.S. economic growth for the same period, local economy journal MassBenchmarks reported in its Current Economic Index Wednesday. more
Gains in consumer spending and business investment helped the U.S. economy rebound more than forecast in the second quarter following a slump in the prior three months that was smaller than previously estimated. more
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