Updated April 25 at 4:56pm
Local News
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KVH Industries Inc., a provider of guidance and Internet systems for the maritime and defense industries, reported second-quarter net income of $55,000, or zero cents per share, an improvement over the first-quarter net loss of $1.1 million but a 96.5 percent decline compared with net income of $1.6 million, or 10 cents per share, for the second quarter of 2013. more
Banco Santander SA, Spain’s biggest bank, said second-quarter profit rose 38 percent, beating analyst estimates, helped by the U.K. and a recovery in its home market. more
Starkweather & Shepley Insurance Brokerage Inc. ranked No. 69 in Business Insurance Magazine’s Top 100 List of Insurance Brokerages for 2014, moving up two places from its ranking last year at No. 71. more
U.S. stocks joined a global selloff, sending the Standard & Poor’s 500 Index toward its first monthly drop since January, as Exxon Mobil Corp. to Micron Technology Inc. tumbled amid weaker corporate results. more
(Updated, Aug. 4, 3:45 p.m.) GateHouse Media will not honor the collective bargaining agreements negotiated between the Providence Journal and A.H. Belo Corp. and may lay off as many as 40 Journal employees upon its purchase of the paper who will be covered by Belo’s severance policy, according to an asset purchase agreement filing with the U.S. Securities and Exchange Commission. more
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
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
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
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