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KVH INDUSTRIES reported a $11 million loss for the 2017 calendar year. / COURTESY KVH INDUSTRIES

KVH Industries reports $11M loss for 2017

Capital Goods
MIDDLETOWN – KVH Industries Inc. reported a 2017 net loss of $11 million, or 67 cents per diluted share, in its 10-K filing with...
HASBRO grew revenue year over year in 2017, but saw profit decline due to repatriation taxes driven by the new tax code. / BLOOMBERG FILE PHOTO/DANIEL ACKER

Hasbro revenue up, profit down on tax code changes

Capital Goods
PROVIDENCE – Hasbro Inc. reported net income of $396.6 million for 2017, which thanks to a $296.5 million charge as a result of the...
SANTANDER BANK raised its minimum wage to $15 in all of its U.S. branches and call centers. / BLOOMBERG FILE PHOTO/ANGEL NAVARRETE

Santander raises its minimum wage to $15/hr

Financial Services
PROVIDENCE – Santander Bank announced that it is raising its minimum wage for its employees to $15 an hour.The increase in wages stems from...

Trump tax cuts bail out Wall Street banks from trading malaise

Financial Services
Republican tax cuts are saving the day for Wall Street banks.The sweeping tax overhaul means billions of dollars in profit will materialize from thin...
CITIZENS BANK is a wholly owned subsidiary of Providence-based Citizens Financial Group Inc. The bank posted net income of $1.7 billion in 2017, a 58.1 percent increase on its 2016 performance. / BLOOMBERG FILE PHOTO/KELVIN MA

Buoyed by new tax law, Citizens increases profit in 4Q and...

Financial Services
PROVIDENCE – Buoyed by a $331 million after-tax benefit from the new tax law, Citizens Financial Group Inc. on Friday reported 2017 profit increasing...

Big U.S. banks slashed 8,000 more jobs before tax-cut windfall

Financial Services
SEATTLE – America’s biggest banks just spent a week regaling shareholders about brighter days ahead, when tax cuts add billions of dollars to the...
CONN. GOV. DANNEL MALLOY says that early payments of 2017 income taxes is yielding the state a $900 million windfall, as people try to take advantage of full deductibility of state taxes before that changes thanks to the federal tax overahaul. / BLOOMBERG NEWS PHOTO/ANDREW HARRER

Connecticut, California reap windfalls from U.S. tax changes

Government
NEW YORK – At least two high-tax states are receiving windfalls thanks to Washington.In California, a state that will be heavily affected by the...
CITIZENS BANK is a wholly owned subsidiary of Providence-based Citizens Financial Group Inc. The bank posted net income of $1.7 billion in 2017, a 58.1 percent increase on its 2016 performance. / BLOOMBERG FILE PHOTO/KELVIN MA

Citizens Bank rewards employees, charity in wake of tax reform

Economic Activity
PROVIDENCE – Standing to gain hundreds of millions of dollars in the wake of tax reform, Citizens Financial Group Inc. is sharing some of...
THE NEW TAX BILL has taxpayers looking to make moves to bolster their financial edge before the new tax season when a new set of rules takes effect. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE

Did you pre-pay your property taxes due for fiscal 2018 in...

Government
Among the many changes the federal tax overhaul brings is the limit on the deductability of state and local income and property taxes. Whereas...
THE NEW TAX BILL has taxpayers looking to make moves to bolster their financial edge before the new tax season when a new set of rules takes effect. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE

Pre-paying property taxes before end of year appears prudent

Government
PROVIDENCE – The passage of the new tax overhaul has left some taxpayers – both businesses and individuals – seeking to take advantage of the...
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