Updated September 25 at 12:28pm
Local News
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Yahoo! Inc. agreed to sell its main web businesses to Verizon Communications Inc. for $4.8 billion, ending a two-decade run as an independent company that took it from a Stanford University startup at the dawn of the internet age to also-ran behind nimbler online rivals such as Google and Facebook Inc. more
Repair to damage on the Cliff Walk caused by Hurricane Sandy, which impacted the Northeast in October 2012, is scheduled to begin July 5. more
Bank of America Corp., the second-biggest U.S. lender, said profit rose 9.4 percent on gains in fixed-income trading revenue and declines in expenses. more
The residential real estate market in Rhode Island continued along its brisk pace in May, ending the month with a nearly 19 percent increase in sales activity for single-family houses, according to the Rhode Island Association of Realtors. more
Kristen Stringfellow, superintendent of the South Kingstown Public Schools, is the 2017 Rhode Island Superintendent of the Year, the Rhode Island School Superintendents’ Association announced at its general membership meeting on Aug. 17. more
Federal Reserve Chair Janet Yellen offered a subtle change to her outlook from less than a week ago, saying she and her colleagues were on watch for whether, rather than when, the U.S. economy would show clear signs of improvement. more
Employers in April added the fewest number of workers in seven months and the U.S. jobless rate held steady as subdued economic growth prompted a more moderate rate of hiring. more
Confidence among U.S. homebuilders held in March at a nine-month low as sales prospects waned, a sign the housing market may be struggling to accelerate as the spring- selling season approaches. more
Verizon Communications Inc. agreed to buy fiber-optic networks from Carl Icahn’s XO Communications LLC and lease spectrum for about $1.8 billion, giving the nation’s largest wireless carrier more Internet bandwidth for corporate clients and airwaves to test faster wireless technology. more
Consumer confidence slumped in February as households grew more concerned about the outlook for the economy and jobs. more
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