Updated May 5 at 4:05pm
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The city will receive $246,597 in state incentives over a period of 12 years for providing its own property tax incentives for a new, extended-stay hotel on Fountain Street downtown. more
Orders for business equipment fell in December by the most in 10 months, a sign U.S. companies were slashing capital investment even before the turmoil in global financial markets. more
Massachusetts had the highest number of single-family home sales in December since 2004, The Warren Group, publisher of Banker & Tradesman, said Wednesday. more
The recent carnage in financial markets has prompted much speculation about whether the U.S. economy is headed into a recession. If so, it certainly isn’t acting that way. more
A former Smithfield resident bequeathed $6.8 million to the Audubon Society of Rhode Island and The Nature Conservancy’s Rhode Island chapter for land and water conservation, the largest single donation in ASRI’s 117-year history. more
Brookline Bancorp Inc. on Thursday reported 2015 profit grew 15.5 percent to $52.4 million, or 71 cents per diluted share, compared with $45.3 million, or 62 cents per diluted share, in 2014. more
Meredith Corp. walked away from its attempt to merge with Media General Inc., allowing Nexstar Broadcasting Group Inc. to proceed with its plan to acquire the TV station owner after months of negotiation. more
(Updated 11:31 a.m., 12:24 p.m. and 4:09 p.m.) Former mayor Vincent A. “Buddy” Cianci Jr. has died, according to news reports. more
The number of Americans filing applications for unemployment benefits unexpectedly declined last week to match a more than 42-year low, indicating employers are upbeat about an economy that bogged down in the first quarter. more
Bank of America Corp. posted a first-quarter profit that missed analysts’ estimates as trading and underwriting revenue dropped and energy loans soured. more
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