Local News
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The foreclosure rate for residential mortgages in Rhode Island declined in January, according to real estate data firm CoreLogic in a report issued Thursday. more
Lego A/S, the toymaker featured in a film that’s led U.S. ticket sales for three weekends, said full- year revenue advanced 10 percent with growth in all major markets, outpacing competitors including Mattel Inc. more
Cox Communications said Wednesday it would cut as many as 234 jobs from its residential customer service call center in West Warwick, potentially reducing the size of its workforce in Rhode Island by about 20 percent. more
Rhode Island Housing has awarded preliminary approval for $1.9 million in tax credits to two development projects that will collectively create 107 new homes in Providence. more
U.S. stocks rose, with the Standard & Poor’s 500 Index climbing above its record close, as purchases of new homes unexpectedly climbed to the highest level in more than five years and retailers rallied. more
Applications for U.S. home mortgages fell, including both new purchases and refinancings, in the latest week, an industry group said on Wednesday. more
South County Hospital, the sole remaining independent hospital in Rhode Island, has entered exclusive talks with Southcoast Health System of New Bedford regarding a possible merger. more
Voters in Revere, Mass., have approved Mohegan Sun’s proposal to build a $1.3 billion casino at the Suffolk Downs racecourse, the Hartford Courant reported Tuesday. more
Toray Plastics (America) Inc., the North Kingstown-based manufacturer of polypropylene films, has pledged $2 million toward a $125 million capital project to overhaul the University of Rhode Island’s College of Engineering facilities. more
Bank of America Corp. may have a new mortgage problem on its plate, saying on Tuesday that federal investigators are looking into whether the bank violated requirements of a U.S. government housing program. more
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