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Rhode Island’s unemployment rate dropped for the first time in three months to 11 percent in May, a two-tenths of a percentage point decrease from April, the R.I. Department of Labor reported Friday.
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By Rebecca Keister |
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Treasuries fell before the U.S. auctions $13 billion of 30-year bonds at what may be a record low yield amid speculation the Federal Reserve may take further measures to spur economic growth.
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By Susanne Walker
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RBS Citizens has sued former Red Sox pitcher Curt Schilling for $2.4 million to recover the loans made to Schilling’s defunct video game company, 38 Studios LLC, The Boston Globe reported.
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By PBN Staff
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Following a two-hour hearing on June 13, Superior Court Judge Brian Stern gave his approval to a $69 million “stalking horse” bid from Lawrence & Memorial in New London, Conn. to purchase Westerly Hospital, now in receivership.
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By Richard Asinof |
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Property and casualty insurance agency Lynch, Beretta and Bucci was acquired by Briarcliff Manor, N.Y.-based USI Insurance Services, USI announced Wednesday.
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By PBN Staff
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Lenders initiated 32 percent fewer foreclosure filings in the Providence-Fall River–New Bedford area in May than they did during the same period 2011, RealtyTrac said Thursday.
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By Patrick Anderson |
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Rhode Island ranked 15th out of the 50 United States and the District of Columbia for supporting new fathers in the workplace, according to a report from the National Partnership for Women & Families.
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By Emily Greenhalgh |
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Bank of America Corp., the second- biggest U.S. lender, divested a $1.3 billion credit-card portfolio after SLM Corp. chose Barclays Plc. for its college-savings program.
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By Margaret Collins and Hugh Son
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Retail sales in the U.S. fell in May for a second month, prompting economists to cut forecasts for economic growth as limited job and income gains hold back consumers.
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By Shobhana Chandra |
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The Matlet Group won a Fast 50 Asian American Business Award from the U.S. Pan Asian American Chamber of Commerce.
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By PBN Staff
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- Gim to succeed Daukas as WashTrust executive VP Yesterday at 2:13 PM
- HUD awards $2.5M to R.I. to protect against lead paint Yesterday at 2:02 PM
- Historical preservation programs land $54K in grants Yesterday at 1:54 PM
