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Santander names Javier Marin as CEO after Saenz quits
Banco Santander SA, Spain’s biggest bank, named Javier Marin as its new CEO, turning to a leader from a younger generation after Alfredo Saenz resigned. more
Consumer spending climbs more than forecast on U.S. services
Consumer spending in the U.S. rose more than projected in March, reflecting a jump in outlays for services that is unlikely to be repeated, signaling the biggest part of the economy will soften this quarter. more
MassBenchmarks: State has ‘excellent’ 1Q
Massachusetts’ real gross state product increased at a 3.9 percent annualized rate during the first quarter, according to the Current Economic Index released Friday by MassBenchmarks. more
| 4/26/13
PBN honors local business women
Exceptional women from Rhode Island businesses in six industry categories, as well as a leading career achiever and an outstanding mentor, were chosen for Providence Business News’ sixth annual Business Women Awards program. more
| 4/26/13
WaterFire lands $50K NEA grant
WaterFire Providence has been selected as one of 817 nonprofit organizations nationwide to receive a National Endowment for the Arts grant, the national organization announced Friday. more
Covidien’s profits drop in 2Q as sales rise 5%
Medical technology maker Covidien Plc reported second-quarter earnings of $439 million, or 92 cents per diluted share, an 11.7 percent drop from the $497 million, or $1.02 per diluted share, it reported during the second quarter of 2012. more
| 4/26/13
Foreclosure, delinquency rates drop in Providence Metro in February
The Providence-Fall River-New Bedford area foreclosure rate fell 0.14 percentage points for February compared to the same period in 2012, CoreLogic said Friday. more
| 4/26/13
A.T. Cross profits rise 6.6% in 1Q
A.T. Cross Co. saw its bottom line rise 6.6 percent to $1.6 million, or 13 cents per diluted share, from the first quarter of 2012 to the first quarter of 2013, the personal- and business-accessories maker announced after the market closed on Thursday. more
| 4/26/13
Home sales drop, prices rise in R.I. in March
The median price of Rhode Island single-family home sales rose 9 percent in March compared with the same period a year ago, the Rhode Island Association of Realtors said Friday. more
Growth in U.S. trails forecasts as defense spending falls
The economy in the U.S. grew less than forecast in the first quarter as a drop in defense spending outweighed the biggest increase in consumer spending in two years. more
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