Providence foreclosures more than double in ‘08
PROVIDENCE – Statistics released by the City of Providence on Monday showed foreclosures in the capital city more than doubled last year, jumping to...
Pichardo legislation would protect tenants
PROVIDENCE – State Sen. Juan M. Pichardo (D-Providence) has reintroduced legislation aimed at protecting the rights of tenants living in properties that have been...
Five Questions With: Sean T. O’Leary
Ferland Corporation, a northern Rhode Island housing development and management company, has since December been making an effort to bring Rhode Islanders displaced by...
Cessna adds larger node to service network
PROVIDENCE – Cessna Aircraft Co., the Witchita, Kan.-based business aircraft division of Textron Inc. (NYSE: TXT), today celebrates the grand opening of a new...
As prices fall, multi-family sales soar
WARWICK – Multi-family home sales in Rhode Island rose 33.2 percent in 2008, led by a 92.9-percent year-over-year increase in the final three months...
Bank of Fall River posts 7.6% loan growth
FALL RIVER – The Bank of Fall River has posted full-year earnings of $12.9 million. “We are sound, solvent and have money to lend,”...
First Trade’s annual profit rises 17.2%
BOSTON – First Trade Union Bank saw its annual profit grow to $2.4 million, a 17.2 percent increase from 2007, despite sharp increases in...
MetLife posts 11% premium, fee growth
NEW YORK – The nation’s largest insurer, MetLife Inc. (NYSE: MET), posted a 2008 profit of $3.08 billion, a 26.22 percent decline from the...
January job-cut announcements triple
CHICAGO – “The new year came in like a lion, as record downsizing in the retail sector helped push the number of planned...
R.I. consumers, leaders see 2009 as bleak
PROVIDENCE – Most consumers and business leaders don’t see an economic rebound coming in 2009, according to the annual outlook survey Sovereign Bank...
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