Local News
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U.S. stocks rose, extending a record for the Standard & Poor’s 500 Index, as Federal Reserve comments spurred optimism that the economic recovery will accelerate. more
Payrolls at U.S. companies climbed in June by the most since November 2012, a sign the job market is strengthening as demand picks up. more
President Barack Obama will announce today that 26 companies including Woonsocket-based CVS Caremark Corp., Apple Inc., Johnson & Johnson and Coca-Cola Co. are committed to speed payments to their suppliers that are small businesses. more
An index of Rhode Island’s leading economic indicators rose 0.4 percent in May to 126.8 from 126.3 in April, the second consecutive month of gains in the state’s economic indicator index produced by Providence Business News and e-forecasting.com. more
Bank of America Corp., the second- biggest U.S. bank, said profit declined 43 percent as it spent $4 billion to cover litigation costs, including a mortgage settlement with American International Group Inc. more
Bank of America Corp.’s Countrywide unit and insurer Allstate Corp. settled a 2010 lawsuit over $700 million in devalued mortgage-backed securities. Terms of the accord weren’t revealed. more
CVS Caremark Corp. and the Securities and Exchange Commission have reached an agreement to settle charges first made public in August relating to pharmacy benefits contracts and the accounting treatment of its 2008 purchase of Longs Drugs. more
Salve Regina University has named Scott C. Zeman, a dean at St. Thomas University, as its next provost and vice president for academic affairs. Zeman will start in his new post effective July 1. more
The number of Americans filling for unemployment insurance payments last week hovered near the lowest level in almost seven years, showing the job market is making progress. more
The average weekly wage in Providence County rose to $1,015 in the fourth quarter of 2013, a 2 percent increase over the same period the year earlier, the U.S. Bureau of Labor Statistics reported Thursday. more
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