Updated May 29 at 5:29pm
Local News
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(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
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
Bank of America Corp. is nearing a settlement with the U.S. Justice Department in which it will pay between $16 billion and $17 billion to resolve probes into its sale of mortgage-backed bonds in the run-up to the financial crisis 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
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
Providence Equity Partners Inc. is considering acquiring a stake in Canadian wireless provider Wind Mobile, people with knowledge of the matter said, as Canada continues its effort to create a fourth national carrier. more
The dean of the University of Rhode Island College of Arts and Sciences has appointed Adam David Roth as interim director of the Harrington School of Communication and Media as the school prepares to embark on a national search for a permanent director. more
Sales of single-family homes in Massachusetts posted a year-over-year increase in June for the first time since January, real estate data tracking firm The Warren Group reported Tuesday. more
One week after announcing an agreement to sell the Providence Journal to New Media Investment Group Inc., A.H. Belo Corp. reported second-quarter net income of $22 million, more than 18 times the profit of the same year-earlier period, thanks in large part to an $18.5 million investment gain. more
The homeownership rate in the U.S. fell to a 19-year low as rising prices and tight credit kept many first-time buyers out of the property market. more
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