Updated May 28 at 4:28pm
Local News
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Bank of America Corp. must set aside $490 million of its Aug. 21 $16.7 billion settlement to cover taxes that borrowers face on forgiven mortgage debt - a step taken by the Justice Department to give homeowners relief that Congress has failed to provide. more
Federal Reserve Chair Janet Yellen said Friday she still isn’t satisfied with the U.S. labor market. Deciding when she is won’t be easy. more
Newport Hospital recently received the American Nurses Credentialing Center’s Magnet Recognition, nursing’s highest distinction, for the third time. more
A total of more than $14.8 million in Rhode Island tax credits were granted in fiscal year 2014, according to the recently published Tax Credit and Incentive Report. more
Providence Optical was named one of “America’s Finest Optical Retailers” for 2014 by “Invision” magazine, a business publication for eyewear professionals. more
The economy in the United States took a step forward as home sales unexpectedly climbed, manufacturing accelerated and the outlook for the second half of 2014 brightened. more
A new progress report on student learning in city schools shows improvement in graduation rates and the dropout rate in 2012-13 and reflects administrative commitment to making more progress. more
Secretary of State A. Ralph Mollis is bringing business owners, entrepreneurs, industry leaders and government officials together during the eighth annual “We Mean Business” expo on Sept. 3. more
AAA Southern New England projects that 34.7 million Americans will journey 50 miles or more from their homes during the Labor Day holiday weekend. This is the highest volume of travelers for the holiday since 2008. more
(Updated, 1 p.m.) Bank of America Corp. agreed to pay about $16.7 billion to end federal and state probes into mortgage bond sales, the harshest penalty yet related to loans that fueled the 2008 financial crisis. more
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