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Investment firm buys Torex for $407.5M

Cerberus European Investments LLC yesterday completed its acquisition of all businesses and subsidiaries of U.K.-based Torex Retail Plc., including the Cumberland-based Torex Americas Retail....
CONSTRUCTION JOBS increased over the psat month in both Rhode Island and Massachusetts, the BLS said. Above, carpenter Paulo Sousa works on a house last month in The Enclave at Meadow Lake, a new neighborhood in Mahway, N.J.  /

R.I., Mass. both add jobs in May<br> despite higher unemployment

WASHINGTON – The New England unemployment rate rose to 4.7 percent in May from 4.4 percent the previous month and 4.5 percent in...
FORECLOSURE AUCTIONS continue to rise across the country, including in Ohio, where this May photograph was taken. In Massachusetts, foreclsoure auctions more than doubled in May 2007 compared with May 2006. /

Mass. foreclosures remain high in May

BOSTON – Announcements of foreclosure auctions in Massachusetts declined last month compared with April but more than doubled compared with May 2006, according to...

Crawford to attend Raymour & Flanigan opening

SEEKONK – Businesswoman and supermodel Cindy Crawford will be among the attractions at tomorrow’s 9 a.m. to 9 p.m. grand opening of Raymour...

Caprio, union announce Treasury reorganization

PROVIDENCE – General Treasurer Frank T. Caprio and union representative Sal Lombardi today announced a plan to reorganize the R.I. Treasury Department. “I came into...
IN THE NORTHEAST, housing starts rose 15.7% in May but permits fell 6.5%. Above, laborers work on a Shelton, Conn., home for luxury builder Toll Brothers, which last month said its 2Q profits fell 79% as orders were cancelled orders and prices discounted. /

May housing starts fall 24.2% from a year ago

WASHINGTON – Housing starts nationwide fell in May to a seasonally adjusted annual rate of 1.47 million, a decline of 24.2 percent from the...

ICSC: U.S. retail sales dip 0.1%

NEW YORK – Sales at U.S. retail stores open at least one year declined a seasonally adjusted 0.1 percent over the past week, continuing...

Conservation group seeks ethics probe of CRMC

PROVIDENCE – The Conservation Law Foundation today asked the state Ethics Commission to investigate members of the R.I. Coastal Resources Management Council, citing “a...
BUILT IN THE MID-1970s, the Moshassuck Square Apartments were designed by architect William Warner. /

RISD leases Moshassuck Square Apts.

PROVIDENCE – The Mount Vernon Co. today announced that the Rhode Island School of Design has signed a long-term master lease on the Moshassuck...

AAA: R.I. gas prices fall 4¢ to $2.969

PROVIDENCE – Rhode Island gasoline prices are back below $3 per gallon, after falling for their third consecutive week, according to AAA Southern New...
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