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The Consumer Price Index in the Northeast rose 0.7 percent over the last 12 months to a non-seasonally adjusted 249.3 in October, according to a report from the U.S. Bureau of Labor Statistics. more
Town residents on Tuesday voted to reject Foxwoods affiliate Crossroads Massachusetts LLC’s proposal to build a $1 billion resort casino off Interstate 495, ending Foxwoods’ bid for the sole Boston-area gaming license, the Associated Press reported Wednesday. more
Purchases of previously-owned U.S. homes fell in October to the lowest level in four months as limited supply and higher mortgage rates restrained momentum in the housing-market recovery. more
Rhode Island exports rose $7.2 million, or 4.1 percent, in September, according to an e-forecasting.com report. The month-over-month increase, which followed a 14.1 percent increase in exports between July and August, brought Rhode Island’s total exports for September to a seasonally adjusted $181.4 million. more
U.S. Bancorp, the largest bank based in the Midwestern U.S., is the leading contender to buy the Chicago branches of Citizens Financial Group Inc. because smaller bidders are wary of raising capital to fund the deal, people with knowledge of the matter said. more
Federal Reserve Bank of Boston President Eric Rosengren said the central bank should act to bring down “stubbornly, and unacceptably, high” joblessness that’s been stuck near 9 percent or above since April 2009. more
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