CVS shareholders say yes to Caremark deal
WOONSOCKET – CVS Corp. (NYSE: CVS) says its shareholders have approved the company’s $27 billion purchase of Caremark Rx Inc. (NYSE: CMX).
“We are extremely...
PPL submits $5M bid to run city libraries
PROVIDENCE – Providence Public Library has submitted a $5 million, one-year proposal for providing municipal library services to the City of Providence, PPL officials...
R.I. shelters see 6th straight record year
PROVIDENCE – In the year ended June 30, the statewide emergency shelter system provided more people-nights of refuge than ever before, including record numbers...
Realtors foresee recovery despite ‘challenges’
The nation’s housing market is likely to recover from its slump this year, despite unusual weather and subprime lending issues that create “challenges”...
February producer prices outpace expectations
WASHINGTON – The Producer Price Index for Finished Goods, a measure of wholesale prices, rose 1.3 percent last month after seasonal adjustment, the U.S....
Mass. foreclosures soar in February
BOSTON – Delinquent mortgage payments continued to plague Massachusetts lenders last month, when the number of foreclosure petitions nearly doubled over year-ago levels and...
TPG buys 50th hotel, in Florida
CRANSTON – Real estate developer and hotelier The Procaccianti Group yesterday announced the acquisition of its 50th hotel, The Westin Fort Lauderdale, which it...
Global selloff leaves investors cautiously bullish
U.S. investors, though still bullish in the longer term, are scaling back their portfolios after last month’s selloff.
Twenty-eight percent of investors in a recent...
Fed, OCC under fire in mortgage meltdown
WASHINGTON – The Federal Reserve and U.S. Office of the Comptroller of the Currency are under fire by consumer advocates and former officials for...
U.S. current-account gap narrows in 4Q
WASHINGTON – The nation’s current-account deficit narrowed to $195.8 billion in the fourth quarter as oil prices fell, the U.S. Commerce Department’s Bureau of...
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