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CVS bottom line rises 23% in 1Q
CVS Caremark Corp., the largest provider of prescription drugs in the United States, saw its bottom line rise 23.3 percent to $956 million during the three months ended March 31, 2013, CVS announced Wednesday. more
| 5/1/13
BofA among banks sued by Schwab over alleged Libor manipulation
Charles Schwab Corp., whose antitrust claims against banks over manipulation of the London interbank offered rate were tossed from federal court in New York, sued Bank of America Corp. and other financial institutions for fraud in state court in San Francisco. more
Gist says technology key to improving classroom instruction
Education Commissioner Deborah Gist on Tuesday called for investment and innovation in early learning, technology, and mathematics improvement, in her fourth annual State of Education address to the General Assembly. more
N.Y. company purchases E.P. apartment complexes for $55M
A New York real estate investment company said Tuesday it has purchased the Winchester Park and Winchester Wood apartment complexes off Pawtucket Avenue for approximately $55 million. more
Report: ER costs in U.S. ‘as high as 10%’ of total health spending
The real national costs of emergency department visits may be as high as 10 percent of national health care expenditures, according to a report released by Brown University’s Dr. Michael H. Lee. more
RBS units to pay $13.9M over U.S. banking violations
Royal Bank of Scotland Group Plc will pay $10 million in fines and $3.9 million in restitution to settle two banking regulators’ claims that the lenders’ U.S. units deceived retail banking customers. more
R.I. home sales, prices tick up in 1Q
Rhode Island’s single-family home sales rose slightly – 0.5 percent – during the first quarter of 2013, the Rhode Island Association of Realtors said Tuesday. more
| 4/30/13
‘Superman’ owner seeks up to $75M in public financing
The owner of the Industrial Trust Tower in downtown Providence is asking for up to $75 million in public financing to transform the historic office building into apartments. more
BofA urges dismissal of U.S.’s $1B faulty mortgages suit
Bank of America Corp. urged a federal judge to throw out a $1 billion fraud lawsuit filed by the U.S. alleging it sold defective residential mortgage loans to Fannie Mae and Freddie Mac that defaulted. more
R.I. foreclosure inventory falls slightly in March
The foreclosure inventory in Rhode Island dropped slightly from March 2012 to March 2013 to 3.1 percent, CoreLogic reported Tuesday. This means that 3.1 percent of all homes with a mortgage in Rhode Island were in one aspect of the foreclosure process. more
| 4/30/13
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