Updated May 27 at 11:27am
Local News
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U.S. stocks rose, with the Standard & Poor’s 500 Index extending a record, as Facebook Inc. rallied on higher sales and growth in global manufacturing offset a drop in home sales. more
The Carnegie Corporation of New York has awarded a $3 million three-year grant to the Providence Public School District to create two new high schools in the city modeled on the philanthropy organization’s school-design principles. more
Raytheon Co., the world’s largest missile maker, said second-quarter sales fell 6.8 percent as all four of its divisions reported declines. more
Second-quarter sales of single-family homes in Rhode Island fell 4.4 percent compared with the same period in 2013, the Rhode Island Association of Realtors said Wednesday. more
Mayor Angel Taveras on Wednesday announced that Providence is among four U.S. cities piloting a national Summer Youth Employment and Financial Capability Project this year for 361 city youth ages 14 to 21. more
General Dynamics Corp., the Pentagon’s No. 3 contractor, raised its full-year profit forecast while second-quarter sales declined in a slumping defense market. more
Providence Business News has announced the winners in its third annual Healthiest Employers recognition program. The 32 finalists, which were chosen based on scores in six wellness categories by Healthiest Employers Inc., which does similar surveys across the nation. more
The University of Massachusetts Dartmouth has raised $1.5 million for the expansion of the Charlton College of Business, securing an additional $3 million donation from the Charlton Trust for the $15 million project. more
The Governor’s Workforce Board has awarded a total of $1.1 million in Industry Partnership grants to eight groups with proposals aimed at addressing the skills gap in Rhode Island. more
The Federal Reserve may have scope to keep interest rates at zero for longer than investors anticipate as inflation stays muted and a 2014 slowdown prolongs the labor-market recovery, the International Monetary Fund said. more
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