Updated July 3 at 9:03pm
Local News
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The Federal Reserve may have scope to keep interest rates at zero for longer than investors anticipate as inflation stays muted and a 2014 slowdown prolongs the labor-market recovery, the International Monetary Fund said. more
Royal Bank of Scotland Group PLC traders sought to manipulate Australia’s bank-bill swap rate, the local equivalent of the London interbank offered rate, the country’s securities regulator said. more
Tiffany & Co. CEO Michael Kowalski will step down in 2015 after more than 15 years running the luxury jeweler, passing the reins to President Frederic Cumenal. more
U.S. stocks fell, after the biggest Standard & Poor’s 500 Index rally since April, as concern that tension in Ukraine could lead to deeper sanctions kept investors on the sidelines before major companies report earnings. more
Citizens Financial Group Inc. on Wednesday tapped a JPMorgan Chase & Co. veteran to take over as vice chairman and head of commercial banking, a position left open since the unexpected death of Robert Matthews last December. more
Rory Cullinan, appointed to dismantle Royal Bank of Scotland Group PLC’s securities unit last month, is leaving the government-owned lender after a dispute with other executives, according to a person with knowledge of the matter. more
Top-ranked business schools are raising tuition by about 4 percent this fall, bumping up the cost of classes for the 2015-16 academic year to nearly $60,000 on average. Throw in room and board, fees, and textbooks, and it will cost as much as $99,000 to attend B-school next year. more
Penn National Gaming Inc. said that it plans to open the $225 million Plainridge Park Casino on June 24, pending final regulatory approval by the Massachusetts Gaming Commission. more
Service industries in the U.S. expanded in July at the fastest pace since December 2005, showing the economy was building more momentum at the start of the second half of 2014. more
Rhode Island ranked second among states in February for its percentage of mortgages that were 90 days delinquent or more at 3.7 percent, according to Black Knight Financial Services. more
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