Updated September 4 at 4:04pm
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Target Corp. CEO Brian Cornell hatched the $1.9 billion plan to sell the company’s pharmacies over dinner with his counterpart at CVS Health Corp., capitalizing on his relationships from a career spent in retail. more
Applications for U.S. jobless benefits declined last week to the lowest level in 15 years, showing employers view a first-quarter slowdown in the economy is probably temporary. more
Johnson & Wales University Chancellor John J. Bowen said that former Providence Journal Publisher, President and CEO Howard Sutton has been appointed as executive in residence in resource development. more
Passenger traffic declined nearly 3 percent year over year in March at T.F. Green Airport, the R.I. Airport Corp. reported Friday. more
(Updated 12:22 p.m.) Startup accelerator Betaspring has been recognized as a top accelerator in the country by the Seed Accelerator Rankings Project and also was highlighted in Inc. magazine’s field guide to accelerators as one of the top eight in the nation. more
Payrolls at companies in the U.S. rose in April at the slowest pace in more than a year, a sign labor market gains may be moderating along with the economy. more
In a rare bit of good news for students facing hefty college bills, interest rates on federal student loans are expected to head lower soon. more
Home prices, including distressed sales, increased 2.3 percent in December in the Providence-Warwick metropolitan area compared with December 2013, according to data firm CoreLogic. more
The Thundermist Health Center will launch a three-year plan to bring community health access teams to communities it serves using three grants totaling $390,000 from the Jessie B. Cox Charitable Trust. more
Deborah A. Gist, Rhode Island’s commissioner of elementary and secondary education since 2009, is leaving to become superintendent of the Tulsa, Okla., school district. more
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