Updated August 26 at 3:26pm
Local News
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Nearly $10 million in foreclosure prevention funding is coming to Rhode Island from the Hardest Hit Fund at the U.S. Treasury Department, U.S. Sen. Jack F. Reed said Friday. more
U.S. manufacturing output rose in January by the most since July 2015, a sign the industry was starting to stabilize at the beginning of the year. more
Federal Reserve Bank of San Francisco President John Williams said the U.S. economy appears to be weathering cooler global growth and he repeated that the central bank will raise interest rates at a gradual pace. more
Kent and Diane Fannon, a married couple who first met at the University of Rhode Island and have business careers that changed direction, have established an endowed “career” fund at URI’s College of Business Administration. more
Investors are overestimating Banco Santander SA’s capital needs and the threat that Brazil’s economic downturn poses to profit, executive Chairman Ana Botin said in a letter to shareholders. more
New home construction in the U.S. unexpectedly cooled in January, indicating there is a limit to how much gains in residential real estate will boost growth at the start of 2016. more
Companies in April added fewer workers to U.S. payrolls than economists projected, signaling employment gains may have peaked, according to a private report. more
AstroNova’s CEO Gregory A. Woods received $2.2 million in compensation in 2015, a 224.1 percent increase from 2014, according to a federal filing released this week. more
Wheaton College’s series 2010 bonds have been downgraded from A3 to A2 by Moody’s Investors Service, which cited “fundamental challenges in its student market” as the reason. more
Rhode Island had the highest percentage growth in solar jobs in the country last year at 214 percent, according to The Solar Foundation. more
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