Local News
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CVS Caremark Corp., the largest provider of prescription drugs in the U.S., is planning to raise $4 billion in a four-part bond sale to help fund its $2.1 billion takeover of infusion services provider Coram LLC. more
New England Construction has opened a regional office at 20 Burlington Mall Road in Burlington, Mass., the Rhode Island-based company announced Monday. more
Gasoline prices continued to rise in Rhode Island and Massachusetts this week, marking the second consecutive week of higher prices in both states, according to the weekly survey by AAA Southern New England. more
Manufacturing unexpectedly accelerated in November at the fastest pace in more than two years, pointing to a pickup in business spending that will help propel the U.S. economy in early 2014. more
An index of Rhode Island’s leading economic indicators produced by Providence Business News and e-forecasting.com rose 1 percent in October to 123.9 from 122.7 in September. more
Bank of America Corp., the second-biggest U.S. lender, agreed to pay government-backed Freddie Mac $404 million to resolve mortgage-repurchase claims. more
Gregory A. Woods, president and chief operating officer of Astro-Med Inc., will replace Everett V. Pizzuti as CEO following Pizzuti’s retirement next month, the maker of specialty printers and data-acquisition systems announced Monday. more
U.S. retailers eked out a 2.3 percent sales gain on Thanksgiving and Black Friday, in line with a prediction for the weakest holiday results since 2009. more
On Dec. 6, Hasbro Inc. employees will partner with nonprofit organizations in 36 countries on community service projects benefiting underserved children for the toymaker’s first-ever “Global Day of Joy.” more
The R.I. Department of Environmental Management announced last week that it has extended its deadline for the submission of recreation acquisition and development grants to 4 p.m. on Friday, Dec. 6. more
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