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(Updated, 11 a.m.) GTECH S.p.A. has agreed to purchase International Game Technology Inc., a gaming entertainment company headquartered in Las Vegas, for approximately $4.7 billion in cash and stock, merging the two companies under a newly formed U.K. holding company. more
U.S. stocks fluctuated as investors weighed better-than-estimated bank earnings against Federal Reserve concerns about valuations for some social-media and biotech companies. more
The U.S. debt held by the public is expected to rise to 106 percent of the economy in 2039 from 74 percent this year, largely driven by increases in the cost of health benefits, the Congressional Budget Office said. more
Global private equity firm Providence Equity Partners on Tuesday announced its investment in Mauritius-based Helios Towers Africa as part of a $630 million fundraising round by the independent telecommunications tower company. more
The Slater Technology Fund will invest an additional $100,000 in local health care mobile messaging platform Care Thread, bringing Slater’s total investment in the company to $350,000, Slater announced Tuesday. more
CVS Caremark Corp. and IBM will invest $1.5 million in a new grant program to support technology innovations in community health centers nationwide. more
The Massachusetts Office of Energy and Environmental Affairs has awarded $429,239 in Massachusetts Environmental Trust grants to support 13 local projects to improve water quality and restoration of the state’s rivers, ponds and watersheds. more
Retail sales showed a broad-based gain in June, which probably helped the U.S. economy rebound in the second quarter. more
More than two-thirds of U.S. roadways are in need of repair and the poor condition of the nation’s transportation network results in billions in extra costs, according to a White House report. more
The National League of Cities coalition has selected Providence as one of eight cities nationwide to receive a two-year grant of up to $260,000, building on previous funding that supported the development of a city outreach campaign to enroll children and families in RIte Care, the state’s Medicaid-managed care program for low-income families. more
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