Updated February 11 at 9:11am
Local News
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Orders for business equipment fell in December by the most in 10 months, a sign U.S. companies were slashing capital investment even before the turmoil in global financial markets. more
Jobless claims in the U.S. fell to 278,000 in the week ended Jan. 23, from 294,000 in the prior period, a report from the Labor Department showed on Thursday in Washington. more
Microfibres Inc. is closing and filing for bankruptcy, a union official said Wednesday. more
Toxic chemical releases increased 26.9 percent in Rhode Island in 2014 compared with 2013, according to Toxic Release Inventory data released by the U.S. Environmental Protection Agency this week. 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
Rob Britton, who spent two decades with American Airlines Group Inc., is unapologetic in defending the profits his former employer and other U.S. carriers are making. Sure, fuel’s cheap, but what company cuts prices as soon as its costs shrink? more
Textron Inc.’s profit rose in the fourth quarter and in 2015, while revenue slipped during the same periods, the company reported on Wednesday. more
Purchases of new homes in the U.S. surged in December to the highest level in 10 months, closing out the best year for housing since 2007. more
A former Smithfield resident bequeathed $6.8 million to the Audubon Society of Rhode Island and The Nature Conservancy’s Rhode Island chapter for land and water conservation, the largest single donation in ASRI’s 117-year history. more
Massachusetts had the highest number of single-family home sales in December since 2004, The Warren Group, publisher of Banker & Tradesman, said Wednesday. more
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