Retail
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CVS Caremark Corp. will stop selling tobacco products at its 7,600 retail stores nationwide by Oct. 1 this year, the pharmacy chain announced Wednesday. President and CEO Larry Merlo said the decision was “the right thing to do,” even though the company expects to lose approximately $2 billion in annual revenue after pulling tobacco products. more
The cost of a gallon of self-serve, unleaded regular gasoline increased over the last week in both Rhode Island and Massachusetts, the fourth week in a row that fuel prices went up, according to the weekly survey by AAA Southern New England. more
For the second week in a row, the price of gasoline fell in both Rhode Island and Massachusetts, according to AAA Southern New England. more
Gasoline prices rose 2 cents in both Rhode Island and Massachusetts this week, marking the sixth consecutive week of price increases, according to the weekly survey by AAA Southern New England. more
When a company dies, the people, knowledge and equipment it accumulated over its history often scatter across the region or country, leaving little visible trace of its existence. more
Gasoline prices rose again in Rhode Island and Massachusetts this week, mirroring an increase in the national average, according to the weekly survey by AAA Southern New England. more
Consumer spending rose in November by the most in five months as Americans took advantage of store discounts during the year-end shopping season, giving the world’s largest economy a lift. more
Despite severe winter weather during the first months of 2014 that put pressure on New England business owners in several industries, the overall economic outlook remains cautiously optimistic, according to the Federal Reserve Board’s Beige Book released Wednesday. more
WalletHub, the personal finance social network, released a study looking at the rates at which S&P 100 companies are taxed at the state, federal and international levels. more
Consumer confidence in the U.S. climbed more than projected in December as Americans’ views of current economic conditions jumped to the highest level since April 2008. more
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