Local News
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Target Corp., the second-largest U.S. discount retailer, cut its U.S. unit’s fourth-quarter forecast and said the recent security breach affected more people and more information than previously thought. more
Redeveloping the South Street Power Station into a combined Brown University administrative office building and Rhode Island College/University of Rhode Island advanced nursing education center emerged as one of the top priorities at The Providence Foundation’s annual meeting. more
Macy’s Inc., the second-largest U.S. department-store company, forecast profit for its next fiscal year ahead of analysts’ estimates and disclosed a program to cut costs that includes eliminating about 2,500 jobs. more
Public education in Rhode Island is strongest in school spending and standards that ensure accountability, but weakest in K-12 student achievement, according to the 2014 edition of Education Week’s Quality Counts report. more
The foreclosure rate for residential mortgages in Rhode Island and Massachusetts declined in November, according to real estate data firm CoreLogic in a report issued Thursday. more
The Rhode Island state pension fund grew by $426 million in fiscal 2013 to $7.7 billion, the state Office of the Auditor General said Thursday. more
Banco Santander SA’s U.S. consumer lender subsidiary, which originates subprime loans for new-vehicle purchases and leases, is seeking to raise as much as $1.56 billion in an initial public offering. more
U.S. stocks climbed, paring this year’s loss for the Standard & Poor’s 500 Index, as Macy’s Inc. rallied and jobless claims fell before the start of corporate earnings season. more
Environmental and regulatory leaders in Rhode Island said the state needs to step up its awareness of climate change and sea level rise, develop plans to deal with them, and then begin implementing them. more
The Rhode Island Public Expenditure Council will host a public forum on higher education featuring review panels of educators, analysts and policymakers both from within Rhode Island and representing national organizations. more
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