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THE NUMBER OF mall loans issued since the financial crisis identified as “highest risk” has almost tripled to 29 this year, according to Wells Fargo & Co. / BLOOMBERG NEWS FILE PHOTO/MATT TOWNSEND

Borrowers flee empty malls, and bond investors brace for fallout

Economic Activity
NEW YORK - Things are getting worse for malls across America. So much worse that their owners are walking away early from struggling properties,...
DILIGENT DUO: From left, sisters Gail Almeida Parella and Lisa Almeida Sienkiewicz in their store, Gil’s Appliances in Bristol. The two have worked to modernize the store and make it an integral part of the community. 
 / PBN PHOTO/KATE WHITNEY LUCEY

Sister team works Gil’s Appliances into a modern community niche

Economic Activity
Business Excellence Awards 2018 Excellence at a women-owned business: Gil’s Appliances Sisters Gail Almeida Parella and Lisa Almeida Sienkiewicz take pride in the fact that...
FAMILY MEETING: Marc Perlman, left, speaks during a recent Ocean State Job Lot owners meeting at the company’s North Kingstown headquarters. Also attending are, from left, John Conforti, Richard Portno, Alan Perlman and Steve Aronow.
 / PBN PHOTO/DAVE HANSEN

Ocean State Job Lot families foster workforce community culture

Economic Activity
Business Excellence Awards 2018 Excellence at a family-owned business: Ocean State Job Lot With an office in China and 133 stores in New England, it may...

CVS reports $1.4B Q3 profit, expects to close Aetna deal by...

Health Services
WOONSOCKET – CVS Health Corp. posted a profit of $1.4 billion in the third quarter, an 8.2 percent increase year over year, as diluted...
CVS HEALTH reported a net income of $1.4 billion in the third quarter of 2018 and noted that it expected the Aetna acquisition to be completed by Thanksgiving. / BLOOMBERG NEWS FILE PHOTO/CHRISTOPHER LEE

CVS reports $1.4B Q3 profit, expects to close Aetna deal by...

Health Services
WOONSOCKET – CVS Health Corp. posted net income of $1.4 billion in the third quarter of 2018, an 8.2 percent increase year over year,...
AMAZON.COM is reportedly close to agreements that would split the new headquarters between two locales, the Crystal City area of Arlington, in Northern Virginia, and Long Island City, in the New York borough of Queens. / BLOOMBERG NEWS FILE PHOTO/JIM YOUNG

Amazon is said near plan for HQ2 in New York, Virginia

Technology
NEW YORK - Amazon.com Inc.’s yearlong search for a second headquarters is nearing an end, people with knowledge of the matter said. The e-commerce giant...
AMAZON.COM INC. is reportedly planning to split its HQ2 expansion across two cities for logistical reasons. / BLOOMBERG NEWS FILE PHOTO/DAVID PAUL MORRIS

Amazon plans to split HQ2 between 2 locations: WSJ

Economic Activity
NEW YORK - Amazon plans to split its second headquarters evenly between two locations rather than picking one city for HQ2, the Wall Street...
THE HEDGE FUNDS that now own the Toys R Us brand are reportedly considering a relaunch of the toy retailer as a standalone operation next year. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT

New Toys R Us owners said to mull physical stores next...

Manufacturing
NEW YORK - The hedge funds that now own the Toys R Us brand plan to relaunch the toy retailer as a standalone operation next...
SUMMER INFANT reported net income of $118,000 in the third quarter. The company was substantially impacted by the Toys R Us bankruptcy.

Summer Infant reports profit despite Toys R Us bankruptcy hit

Manufacturing
WOONSOCKET – Summer Infant Inc. reported a profit of $118,000 for the third quarter, or 1 cent per diluted share, a turnaround from its...
BOTH HASBRO AND MATTEL warned investors in earnings calls this week that there are still more quarters of pain ahead after losing Toys R Us as a customer. / BLOOMBERG NEWS FILE PHOTO/JASON ALDEN

Not all fun and games for toymakers as Toys R Us...

Economic Activity
NEW YORK - Major toymakers are still reeling from the loss of Toys R Us, even as retailers from Best Buy Co. to Party...
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