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(Updated, 3:26 p.m.) The city has filed a federal lawsuit against Santander Bank alleging that the financial institution ​discriminated against the city’s minority communities by refusing to make prime mortgage loans ​as required by the Fair Housing Act, according to a press release from Mayor Angel Taveras. more
Rhode Island’s unemployment rate declined again in July to 7.7 percent, a slight drop compared with June but down almost 2 percentage points year over year, according to the R.I. Department of Labor and Training. more
The R.I. Commerce Corporation has approximately $800,000 in grants available to support projects that will increase Rhode Island’s competitiveness internationally in marine ecosystems research. more
General Treasurer Gina M. Raimondo will face off against Cranston Mayor Allan Fung in the Nov. 4 election for governor. more
Rhode Island had the third-highest tax rate on lodging last year, according to HVS Convention, Sports, and Entertainment Consulting’s third annual lodging tax study released this week. more
Former Alex and Ani CEO Giovanni Feroce has formed an investment firm in Providence focused on backing retail and media ventures, he said in an interview with Providence Business News. The new firm, called GF Asset Management LLC, has about a dozen employees based in offices at 39 Pike St. in the Fox Point section of the city. more
Home prices increased in Rhode Island in August, according to data released Tuesday by CoreLogic. more
The University of Rhode Island is kicking off a campaign Monday to raise support for a bond issue on the November ballot that would provide $125 million to rebuild its College of Engineering. more
The share of mortgage lending to minority borrowers fell to at least a 14-year low as U.S. regulators struggle to ease credit to blacks and Hispanics shut out of the housing recovery. more
(Updated, 11 a.m.) GTECH S.p.A. has agreed to purchase International Game Technology Inc., a gaming entertainment company headquartered in Las Vegas, for approximately $4.7 billion in cash and stock, merging the two companies under a newly formed U.K. holding company. more
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