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Despite earlier hopes that improved consumer confidence would drive renewed economic growth in the region, New England businesses reported mixed results during May and June, pointing to slow economic growth overall, according to the Federal Reserve Board’s Beige Book released Wednesday. more
Textron Inc.’s V-22 Osprey, the tilt-rotor craft that entered development almost 25 years ago, is poised to win its first export deals as Israel and Japan close in on purchases. more
Bringing Broadway to the Providence Performing Arts Center will continue through the 2016-17 season thanks to a new multi-year sponsorship by the Taco/White Family Foundation. more
Confidence among U.S. homebuilders rose more than forecast in July, reaching the highest level in six months, as growing payrolls brightened the outlook after a shaky first half. more
Industrial production climbed 0.2 percent in June, capping the strongest quarter in almost four years and indicating manufacturers are providing a bigger spark for the U.S. economy. more
Blue Cross Blue Shield of Massachusetts has introduced the state’s first private online health care exchange to give employees greater choice in their health care plans, the Boston Business Journal reported Wednesday. more
HousingWorks RI, a housing policy research group that has been collaborating with Roger Williams University since 2012, officially joined the university’s division of Outreach and Engagement on July 1, the school announced Wednesday. more
Textron Inc. – parent company of Bell Helicopter, Cessna Aircraft Co. and Textron Systems – reported that its net income climbed 27.4 percent in the second quarter to $144 million, or 51 cents per diluted share, compared with $113 million, or 40 cents per diluted share, for the same period last year. more
Quonset Development Corporation’s board of directors approved a lease option Tuesday for Cape Wind Associates LLC for property that could be used for staging components for the Massachusetts energy company’s planned 130-turbine wind farm in Nantucket Sound. more
Bank of America Corp., the second- biggest U.S. bank, said profit declined 43 percent as it spent $4 billion to cover litigation costs, including a mortgage settlement with American International Group Inc. more
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