Updated May 28 at 10:28am
Local News
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Credit market trading is drying up, posing a threat to the stability of the financial system that regulators are ignoring, according to strategists at Royal Bank of Scotland Group PLC in London. more
Foreclosure starts in Massachusetts nearly doubled in June, according to The Warren Group’s report released Wednesday. more
Global Finance magazine has named commercial property insurer FM Global the “World’s Best Supply Chain Risk Insurance Provider” for a third consecutive year. more
The number of Americans filing applications for unemployment benefits unexpectedly dropped last week to the lowest level in more than eight years. more
Rhode Island large-group insurance customers will receive $48,696 in health insurance refunds under the Affordable Care Act, according to a U.S. Department of Health and Human Services report released Thursday. In Rhode Island, UnitedHealthcare of New England was the only insurer to owe refunds for 2013, owing $48,696 in the large-group market. more
Twenty-nine percent of all Rhode Island homes were in serious negative equity during the second quarter, the fourth-highest rate in the country, according to a RealtyTrac report released Thursday. more
U.S. stocks rose, with the Standard & Poor’s 500 Index extending a record, as Facebook Inc. rallied on higher sales and growth in global manufacturing offset a drop in home sales. more
The Carnegie Corporation of New York has awarded a $3 million three-year grant to the Providence Public School District to create two new high schools in the city modeled on the philanthropy organization’s school-design principles. more
Raytheon Co., the world’s largest missile maker, said second-quarter sales fell 6.8 percent as all four of its divisions reported declines. more
Second-quarter sales of single-family homes in Rhode Island fell 4.4 percent compared with the same period in 2013, the Rhode Island Association of Realtors said Wednesday. more
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