Updated December 8 at 8:08am
Local News
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Fidelity Investments is well known as a financial services giant, one of the nation’s largest companies specializing in investment and retirement planning. In Rhode Island, 14 percent of the state’s population has a retirement plan at the company through their workplace. more
Sales of previously owned U.S. homes unexpectedly rose in January to the second-highest pace since early 2007, indicating the industry will keep prospering. more
An area off the coast of New York designated for offshore wind farms has the potential to generate almost as much electricity as a nuclear power plant. more
Factory activity in February shrank less than forecast as gains in new orders and production provided signs that the beleaguered industry could soon stabilize. more
Janet Yellen’s big challenge next week is clear communication about a clouded outlook. more
The Pulitzer Prize Board has awarded $45,739 to the Rhode Island Council for the Humanities for a program called “What is the 21st Century Essay?” more
Banco Santander SA, Spain’s biggest bank, reported lower first-quarter profit as revenue slumped in its home market and operations aboard were hit by currency effects. more
Another restaurant chain has left Rhode Island. Bonefish Grill closed its doors in the Chapel View section of Garden City on just hours notice on Sunday. more
Federal Reserve officials left interest rates unchanged and said they still expect to raise borrowing costs at a “gradual” pace while watching to see how the global economy and markets impact the U.S. outlook. more
Santander Consumer USA Holdings Inc. is close to selling about $1 billion of unsecured consumer loans that it bought from LendingClub Corp., according to three people with knowledge of the matter. more
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