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Providence Equity Partners LLC is scrapping a plan to sell Brazilian mobile-phone tower operator Grupo TorreSur after bids fell short of its expectations, people with knowledge of the matter said. more
The Tufts Health Plan Foundation has awarded more than $1.6 million in grants to 43 nonprofit organizations in Massachusetts and Rhode Island that focus on health aging. more
The R.I. Division of Taxation has approved Mosaico Business & Community Development Corp.’s restoration of the Bristol Industrial Park as the latest project to receive historic preservation tax credits. more
Royal Bank of Scotland Group PLC said first-half profit almost doubled as impairment charges fell and forecast it will meet a cost-cutting target of 1 billion pounds ($1.7 billion) in 2014. The shares surged the most in almost three years. more
The R.I. Air National Guard has agreed to meet more stringent emissions standards and pay a $39,400 penalty to settle U.S. Environmental Protection Agency claims that it violated air pollution laws at its North Kingstown facility. more
The state government has renewed its contract with Rhode Island Interactive LLC to provide interactive online services through the RI.gov e-government portal, extending the agreement an additional three years. more
Spending on non-residential construction in the U.S. will be less than initially projected as state and local governments scale back investments in such properties as schools and health care buildings, the American Institute of Architects said. more
The Carnegie Corporation of New York has awarded a $3 million three-year grant to the Providence Public School District to create two new high schools in the city modeled on the philanthropy organization’s school-design principles. more
U.S. stocks rose, with the Standard & Poor’s 500 Index extending a record, as Facebook Inc. rallied on higher sales and growth in global manufacturing offset a drop in home sales. more
Twenty-nine percent of all Rhode Island homes were in serious negative equity during the second quarter, the fourth-highest rate in the country, according to a RealtyTrac report released Thursday. more
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