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....
Purvis Systems wins $24.1M NUWC contract
MIDDLETOWN – Purvis Systems Inc. says it has won a $24.1 million, five-year contract with the Naval Undersea Warfare Center.
The agreement – a...
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...
Lincoln Park agrees to let RIPTA return
At a meeting yesterday evening in Lincoln, Lincoln Park and R.I. Public Transit Authority officials agreed to a resumption of bus service to the...
Microsoft buying voice-services firm Tellme Networks
REDMOND, Wash. – Microsoft Corp. (Nasdaq: MSFT) today announced it will acquire Mountain View, Calif.-based Tellme Networks Inc., a provider of voice services including...
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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