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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
U.S. stocks rose, sending the Standard & Poor’s 500 Index toward its eighth straight weekly advance, as retailers including Gap Inc. and Best Buy Co. gained amid Black Friday sales events. more
The National League of Cities, a coalition of more than 19,000 cities, villages and towns across the country, has awarded the city of Providence a $30,000 grant to develop an outreach campaign to enroll children and families in RIte Care, the state’s Medicaid-managed care program for economically disadvantaged families. more
Seniors and disabled persons in Rhode Island with Medicare prescription drug plan coverage saved $7.2 million, or an average of $677 per person, on their prescription drugs in the first 10 months of 2013 through the Affordable Care Act’s Medicare discount program, the Centers for Medicare & Medicaid Services reported this week. more
When J.C. Penney Co.’s store in New York’s Herald Square opened at 8 p.m. yesterday, Paula Mason was the first shopper through the door. more
Providence Mayor Angel Taveras joined Greater Providence Chamber of Commerce President Laurie White and U.S. Small Business Administration Rhode Island District Director Mark S. Hayward in launching the city’s 2013 “Buy Providence-Buy Art” holiday shopping campaign at a Wednesday morning event in Wayland Square. more
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