Updated July 2 at 12:02pm
Local News
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Rhode Island single-family home prices dropped 4 percent in June compared with the same period last year on stable sales volume, the Rhode Island Association of Realtors said Tuesday. more
Telecommunications company Towerstream Corp. on Monday reported a second-quarter net loss of $6.4 million, or 10 cents per share, widening by 2.6 percent the net loss of $6.2 million, or 9 cents per share, recorded for the same period last year. more
(Updated, 8:51 a.m.) IBM Corp. announced Monday that it has acquired Lighthouse Security Group LLC, a cloud-security services company and subsidiary of Lighthouse Computer Services Inc., for an undisclosed sum. more
Rhode Island has one of the best processes in the country for predicting how much revenue the state will bring in, making it more likely that the state will have a reliable estimate on which to build its budget, according to a report released Friday by the Center on Budget and Policy Priorities. more
Citizens Financial Group Inc. on Monday announced the appointment of LPL Financial Chairman and CEO Mark Casady and Royal Bank of Scotland Group non-executive director Robert Gillespie to its board of directors. more
In a case brought before U.S. District Court, Foxwoods Resort Casino has refused to pay three customers who claim the casino owes them nearly $1.2 million in winnings plus damages, The Day reported Monday. more
U.S. stocks rose, after the Standard & Poor’s 500 Index had its best day in five months, amid optimism that tension between Russia and Ukraine will ease and American airstrikes will push back militants in Iraq. more
GTECH S.p.A. announced Monday that U.S. authorities have approved early termination of the required antitrust waiting period related to GTECH’s pending acquisition of Las Vegas-based International Game Technology Inc. more
Royal Bank of Scotland Group PLC is considering selling the international arm of its Coutts private bank as it shifts its focus to wealthy clients in the U.K. more
Downgrading Rhode Island’s economic momentum from “precarious” to “tenuous,” University of Rhode Island economist Leonard Lardaro said June’s Current Condition Index “shatters the notion” of economic progress the state seemed to be making. more
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