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Fed stress tests show 17 of 18 banks weathering severe slump
The Federal Reserve said 17 of the 18 largest U.S. banks could withstand a deep recession and maintain capital above a regulatory minimum, a sign of how higher standards and supervisory prodding are strengthening the financial system. more
Nonprofit gets $150K to fight foreclosures
PROVIDENCE – Attorney General Peter F. Kilmartin on Wednesday announced a $150,000 grant to the Housing Action Coalition of Rhode Island to help homeowners facing foreclosure. more
| 3/20/13
Sungro acquires interests in La. gas field for $2M
Sungro Minerals Inc. has acquired a 28 percent interest in “proven reserves” of oil and gas valued at more than $8 million in the Grand Chenier Gas Field from Sigma Gamma Interests LLC for $2 million, the company announced Thursday. more
Fed’s Rosengren backs bond buying through ’13 to lift growth
Federal Reserve Bank of Boston President Eric Rosengren said he wants to continue the central bank’s bond purchases through year’s end and raise or lower the pace in response to economic data. more
Lin Media expands digital portfolio with acquisition of HYFN
Lin Television Corp. has acquired a majority ownership position in HYFN, a full-service developer of mobile, social media and Web experiences, Lin announced Friday. more
| 4/5/13
Wash Trust: record profit in ’12
Washington Trust Bancorp Inc., parent of The Washington Trust Co., posted record earnings of $35.1 million for 2012, an 18 percent increase in net income compared with $29.7 million in 2011. more
Initial jobless claims in U.S. rose last week to 361,000
The number of Americans filing first-time claims for unemployment insurance payments rose for the first time in five weeks, a sign further improvement in the labor market depends on faster economic growth. more
Household wealth in U.S. rises by $1.17 trillion
Household wealth in the U.S. climbed in the fourth quarter, propelled by a gain in home prices that is helping repair family finances. more
State regulators OK sale of Westerly Hospital
The sale of Westerly Hospital for $69 million to Lawrence + Memorial Hospital of New London, Conn., was approved today by state regulators, the first such hospital sale approved under the expedited review process of the revised Hospital Conversions Act. more
Hasbro forms partnership with World Trade Jewelers
Iconic toy- and game-maker Hasbro Inc. has formed a collaboration with World Trade Jewelers to create and distribute jewelry designs replicating some of Hasbro’s products. more
| 4/17/13
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