Updated July 25 at 5:26am
Local News
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Bank of America Corp. posted a first-quarter profit that missed analysts’ estimates as trading and underwriting revenue dropped and energy loans soured. more
Sears Holdings Corp., the struggling retailer run by hedge fund investor Eddie Lampert, will shut almost 80 stores as part of a push to make the company profitable again. more
(Updated 11:47 a.m.) Hasbro Inc. and CVS Health Corp. each made the 2016 Best Corporate Citizens list by Corporate Responsibility magazine released this week. more
Rhode Island gasoline prices rose 7 cents from last week, marking the highest prices since early last fall, AAA Northeast said Monday. more
Manufacturing expanded at a slower pace than forecast in April as factories continued to grapple with lax global demand and fallout from a weakened U.S. energy industry. more
In 2015, a year consumed by a company lawsuit, Robert Stebenne, the new president, CEO and chief operating officer of Summer Infant Inc., made $686,945. more
Another day, another list that shows the Ocean State at the wrong end. Chief Executive magazine, in its 12th annual study of the best and worst states for business, placed Rhode Island 41st, or 10th worst on the list. That’s a drop from last year’s ranking, when the Ocean State placed 37th. more
Fast-food joints aren’t hitting the snooze button anymore. more
Home Care & Hospice of New England has rebranded itself. Its new name is HopeHealth, effective Monday, March 14. HopeHealth, a nonprofit organization based in Providence, includes includes three affiliated entities: Providence-based Hope Hospice & Palliative Care Rhode Island, Lincoln-based Visiting Nurse of HopeHealth and Hyannis, Mass.-based HopeHealth Massachusetts. more
(Updated 1:08 and 3:11 p.m.) Hasbro Inc. and Mattel Inc. have held talks about merging two of the world’s biggest toymakers, according to people familiar with the matter, in a deal that would bring together the owner of the My Little Pony and Furby brands with Barbie and Hot Wheels. more
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