Local News
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CBS Corp., owner of the most-watched U.S. television network, agreed to renew affiliation agreements for 12 stations owned by Lin Media LLC, helping the local-TV chain cement the terms of its takeover by Media General Inc. more
U.S. stocks rose, extending the biggest monthly gain since February, as financial, health care and technology shares led the advance. more
Consumer spending in the United States unexpectedly dropped in July for the first time in six months, a sign households are lagging behind as wages fail to accelerate. more
Rhode Island gasoline prices remain unchanged since last week, but prices have dropped 21 cents since this time last year, when the average price of self-serve, unleaded regular was $3.73. more
Fund managers, flush with $4.7 billion in fresh cash, are running out of options to catch up with the Standard & Poor’s 500 Index after trailing the measure’s record rally. more
The shale oil boom is proving far less kind to Mercedes-Benz drivers than it is to those sitting behind the wheel of a Toyota Camry or Chevrolet Impala. more
Bank of America Corp., which agreed to a record $16.7 billion settlement of government mortgage probes in August, posted a surprise third-quarter profit as revenue from trading stocks and bonds increased. more
Treasuries rose, pushing 30-year bond yields down for a second day, as plunging oil prices added to investor expectations that inflation will remain subdued while the U.S. economy strengthens. more
Banco Santander SA said third-quarter profit rose 52 percent, beating estimates, as charges for bad loans dropped in Spain and earnings climbed in the U.K. and Brazil. more
U.S. stocks rose, with the Standard & Poor’s 500 Index touching a record, as reports of a cease-fire in Ukraine boosted global equities and data showed orders at American factories rose the most on record in July. more
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