Updated October 9 at 6:09pm
Local News
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U.S. stock-index futures declined, after equities fell the most since April, as concern that slower global growth will hurt the U.S. economy pushed the Standard & Poor’s 500 Index towards its longest streak of weekly losses since January. more
Cyber Monday sales growth is slowing as consumers embrace the convenience of online shopping, spreading out their purchases instead of being lured by one-day specials. more
Rhode Island’s leading economic indicators again rose 0.3 percent in January to a reading of 130.5, fueled in part by manufacturing and employment growth, according to the Providence Business News/e-forecasting.com Leading Economic Indicator Index. more
Banker and philanthropist David Rockefeller has given a $2.5 million gift to the Rhode Island School of Design Museum. more
CVS Health Corp. plans to buy back as much as $10 billion of stock and pay out more cash to shareholders as the biggest U.S. seller of prescription drugs benefits from the increasing number of Americans with insurance coverage. more
Too big to fail is likely to prove a costly epithet for the world’s biggest banks as regulators demand they increase debt securities to cover losses should they collapse. The shortfall … more
At Fidelity Investments, like Banco Santander SA, decades of preparation and an heiress effect helped propel a woman to the top job for the first time. 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
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