Updated July 25 at 1:25pm
Local News
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Filings for U.S. unemployment benefits unexpectedly declined last week to the lowest level since mid-April, signaling labor market stability amid a shaky global economy. more
For the 27th consecutive month on a year-over-year basis, foreclosure petitions rose in Massachusetts in May, according to figures released by The Warren Group on Thursday. more
Dockwa Inc., a Newport-based tech startup that helps boaters research, plan and book cruising trips, has raised $2 million in private capital in its most recent seed funding round. more
The Rhode Island Black Business Association has announced the five winners in its 2016 Business Awards Program, who will be recognized in October at the organization’s fifth annual gala at the Omni Providence Hotel. more
Of all the Travel + Leisure lists to show up on, this is not the best. Providence was rated No. 13 on the travel magazine’s list of America’s Rudest Cities. But at least it wasn’t Boston, which came in at No. 7 in this most recent release based on T&L’s America’s Favorite Places reader survey. more
Brown University retained its No. 8 ranking in the latest version of Forbes’ list of “America’s Top Colleges,” released earlier this week. more
(Updated, 5:15 p.m.) Nortek Inc., maker of commercial and residential air circulation and technology products for home and office, has agreed to be acquired by Melrose Industries PLC for $86 per share, which translates into a rough enterprise value of about $2.8 billion. more
Federal Reserve Governor Daniel Tarullo said inflation and unemployment haven’t reached levels that would justify an increase in interest rates, even without risks from Britain’s vote to leave the European Union. more
American service providers expanded in June at the fastest pace in seven months on stronger orders and sales that signal a healthy U.S. economy. more
(Updated, 6:15 p.m.) Ventas Inc., a real estate investment trust with more than 1,300 properties, has announced its intention to purchase substantially all of the assets of Wexford Science & Technology LLC. more
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