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Retail sales in the U.S. rose more than forecast in May, showing job gains and lower borrowing costs are encouraging consumers to spend. more
Royal Bank of Scotland Group Plc, Britain’s biggest government-owned lender, fell as much as 8.2 percent after CEO Stephen Hester quit and the company started to cut 2,000 investment-banking jobs. more
(Updated, 3:28 p.m.) The Robert Wood Johnson Foundation has awarded a $272,400 grant to the Business Innovation Factory to “explore the ‘connected aging experience’ and identify transformational models for connected aging,” according to the Providence-based organization. more
BOSTON – As part of $563 million set aside by the U.S Department of Housing and Urban Development, the Narragansett Indian Tribe has received a grant of $499,110 to support efforts to maintain … more
The number of homes in Rhode Island with underwater mortgages increased to 25.8 percent during the first quarter of 2013, CoreLogic reported Wednesday. more
Personal income in Rhode Island grew 1.5 percent from 2010 to 2011, but fell short of that mark from 2007 to 2011, as the Great Recession held real personal income growth to 0.5 percent, according to a report released Wednesday by the U.S. Bureau of Economic Analysis. more
Amgen Inc., the world’s largest biotechnology company by sales, said its experimental drug for recurrent ovarian cancer met a late-stage study goal, helping patients live 1.8 months longer without the disease progressing. more
To aid consumers as they consider buying products in the new health insurance marketplace, Blue Cross & Blue Shield of Rhode Island has teamed with Click With Me Now, a St. Louis-based firm that offers one-click, no download, Web co-browsing software. more
Rating agency Fitch Ratings has downgraded the R.I. Airport Corporation’s airport revenue bonds from A- to BBB+ and changed its rating outlook to “stable,” the agency announced Tuesday afternoon. more
Researchers at Roger Williams University have been awarded a $12,166 grant to investigate levels of mercury in scup, a native Atlantic Ocean fish that is commonly caught and eaten in Rhode Island, the university announced Monday. more
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