Updated February 7 at 6:25pm
Local News
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Summer Infant reported a $3.5 million loss in the second quarter, or 19 cents per share, and a 1.4 percent revenue decline. more
Kahn Litwin Renza & Co. Ltd. was ranked as the 92nd largest accounting firm in the country by Inside Public Accounting, moving up four spots from last year. more
KVH Industries Inc. reported a 10 percent increase in revenue, but a 33 percent decline in profit, in the second quarter that ended June 30. more
The world’s largest economy expanded at a faster pace in the second quarter and managed to eke out a gain at the start of the year, painting a picture of incremental progress consistent with the Federal Reserve’s view. more
Compensation costs for private industry workers in New England increased 1.5 percent year over year in June, below the national rate of 1.9 percent, the federal Bureau of Labor Statistics said Friday. more
Consumer confidence retreated in July as Americans’ expectations deteriorated to an eight-month low. more
Banco Santander SA fell in Madrid trading after Spain’s biggest bank posted earnings showing that lending revenue remains under pressure at home. more
CVS Health Corp. was accused in a lawsuit by pharmacy customers of intentionally overcharging for generic prescription drugs by submitting claims for payment to third parties at inflated prices. more
Amica Mutual Insurance Co. and FM Global have been named top-performing property-casualty insurance companies on Ward’s 50 list. more
The pace of online spending slowed on Cyber Monday after consumers started their Internet shopping earlier over the weekend, turning to their smartphones to pick up deals, according to International Business Machines Corp. more
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