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U.S. Bancorp and Fifth Third Bancorp are among five potential bidders for Chicago branches being sold by Citizens Financial Group Inc., people with knowledge of the matter said. more
Customers Bancorp Inc., parent company of Customers Bank, reported third-quarter earnings of $8.3 million, or 33 cents per diluted share, an increase of 24.6 percent over the $6.6 million, or 51 cents per diluted share, reported for the same quarter in 2012. more
Raytheon Co., the world’s largest missile maker, said third-quarter profit fell 2.8 percent in a time of Pentagon spending cuts, while the company raised its full-year forecast for earnings and sales. more
Matlet Group LLC, a Pawtucket-based packaging, printing and marketing company, announced Wednesday that Preferred Packaging Partners LLC of Providence has made an $8.5 million equity investment in the company. more
Bank of America Corp., the second-largest U.S. lender, is cutting about 1,300 more jobs in its mortgage division as the firm adjusts to lower demand, said two people with direct knowledge of the plans. more
Job openings in the U.S. increased in August to the highest level in three months, signaling progress in the labor market. more
Providence Business News has selected seven organizations and two individuals to receive recognition for excellence, leadership and community service at the publication’s 13th annual Business Excellence Awards, one of the region’s longest-running and best-known business recognition programs. more
The Solid Waste Association of North America has recognized R.I. Resource Recovery Corporation for “Recycling Systems Excellence.” more
Orders for U.S. durable goods rose in September by the most in three months as stronger demand for commercial and military aircraft outweighed a drop in business equipment. more
Rhode Island is one of five states receiving funding from the Federal Voting Assistance Program to provide military personnel and other overseas voters with online access to blank election ballots. more
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