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Employers added more workers than projected in February, indicating the U.S. economy is starting to bounce back from a weather-induced setback. The jobless rate unexpectedly climbed from a five-year low. more
An ISO New England auction held Feb. 3 to acquire an adequate power supply to meet consumer demand in 2017-18 fell slightly short, causing an increase in electricity prices that the grid operator said reflects the need for new energy resources in the region. more
The U.S. government slashed its estimate for fourth-quarter growth as consumer spending and exports were less robust than initially thought, suggesting some loss of momentum heading into 2014. more
MinuteClinic, the retail clinic division of CVS Caremark Corp., has announced that it will partner with Radnor, Pa.-based Main Line Health to supply health care services at MinuteClinic locations inside select CVS/pharmacy stores in southeastern Pennsylvania. more
Contracts to purchase previously owned U.S. homes rose less than forecast in November, indicating higher borrowing costs are holding back the recovery in residential real estate. more
Macy’s Inc., the second-largest U.S. department-store company, forecast profit for its next fiscal year ahead of analysts’ estimates and disclosed a program to cut costs that includes eliminating about 2,500 jobs. more
RootMetrics, an independent mobile research and testing organization based, announced last week that AT&T and Verizon Wireless tied for the No. 1 spot on the company’s RootScore report for Rhode Island, which measures network reliability and speed, as well as overall voice, data and text performance. more
Royal Bank of Scotland Group PLC settled lawsuits with Gary Cottle, the former head of risk at its investment banking division, over a $1.2 million bonus. more
J.D. Power has ranked Amica Mutual Insurance Co. highest in overall customer satisfaction with regard to homeowners insurance claims. more
U.S. stocks sank, tracking a global selloff in equities, as Russia’s threat to invade Ukraine sent investors searching for havens. more
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