Personal income outpaces spending in July
WASHINGTON – U.S. personal income rose faster than expenses, according to a report today by the U.S. Commerce Department’s Bureau of Economic Analysis.
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Bush announces plan to aid homeowners
WASHINGTON – The stock market rebounded this morning on news that President George W. Bush would announce steps to help people with subprime mortgages...
CVS/pharmacy posts 4.9% rise in same-store sales
WOONSOCKET – CVS Caremark Corp. (NYSE: CVS) today announced that for the four weeks ended Aug. 25, same-store sales in its CVS/pharmacy division rose...
Cranston halves rate for winterization assistance
CRANSTON – Eligible local residents will pay a lower interest rate for winterization assistance this year, according to Mayor Michael T. Napolitano.
The Housing Rehabilitation...
U.S. GDP grows at 4% rate in 2Q
WASHINGTON – The nation’s real gross domestic product, adjusted for inflation, increased at an annual rate of 4.0 percent in the second quarter, according...
Mass. foreclosure notices more than double
BOSTON – Foreclosure petitions and auction announcements in Massachusetts surged last month, according to the latest figures from The Warren Group. Compared with July...
Providence Equity and 3i selling <br> Sparrowhawk Holdings to NBC Universal
LONDON – NBC Universal has agreed to buy global pay-TV provider Sparrowhawk Holdings from Providence Equity Partners, 3i Group and management shareholders, for...
Providence, New Bedford jobless rates edge up
WASHINGTON – Unemployment rates were lower last month than a year earlier in 211 of 369 major metropolitan areas nationwide, higher in 131 and...
Fitch: Housing sector faces ‘challenging’ 2008
NEW YORK – “It is likely that 2008 will be another challenging year” for the U.S. housing market, and especially for builders, Fitch Ratings...
Mortgage applications fall 4.2%;<br> fewer homebuyers seeking ARMs
WASHINGTON – Mortgage applications nationwide fell last week to their lowest level in a month as the rate on adjustable-rate mortgages soared, the Mortgage...
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