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As a result of the state’s early repayment of its federal unemployment insurance loan, Rhode Island businesses will save $95 million in federal UI tax payments and interest through 2016, according to data released Tuesday by R.I. Department of Labor and Training Director Charles J. Fogarty. more
CVS Caremark Corp. and National Grid have announced the six suppliers they will sponsor to participate in a continuing education program in supply-chain business management at Roger Williams University. more
Royal Bank of Scotland Group PLC and HSBC Holdings PLC, two of Britain’s largest banks, awarded about 10.6 million pounds ($17.8 million) in shares to senior executives as regulators impose limits on cash bonuses. more
RBS Citizens, the commercial banking division of Providence-based Citizens Financial Group Inc., is expanding into new geographic markets with an emphasis on growth industries such as health care, technology and franchising, the bank announced Wednesday. more
CVS/pharmacy this week celebrated the grand opening of a new location in Renton, Wash., the retail pharmacy chain’s first store in the state of Washington and an entry point into the Seattle market. more
Retail sales were little changed in July, the worst performance in six months, as car demand slowed and tepid wage growth restrained U.S. consumers. more
(Updated, 1:39 p.m.) The University of Rhode Island has named Christian Cowan the director of the Polaris Manufacturing Extension Partnership, the statewide nonprofit formerly known as the Rhode Island Manufacturing Extension Service. more
New England Construction has announced the promotion of Matt Sluter, son of founder and CEO David Sluter, to the position of company president as part of the firm’s transition to the next generation of family-owned leadership. more
U.S. stocks rose, rebounding from Tuesday’s decline, as data showed retail sales were little changed last month and investors assessed corporate earnings reports. more
Workers in the Providence-Fall River-Warwick metro area had an average hourly wage of $23 in May 2013, roughly 3 percent above the nationwide average of $22.33, according to the latest data from the U.S. Bureau of Labor Statistics. more
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