Updated December 3 at 6:25am
Local News
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Meredith Corp. walked away from its attempt to merge with Media General Inc., allowing Nexstar Broadcasting Group Inc. to proceed with its plan to acquire the TV station owner after months of negotiation. more
(Updated 11:31 a.m., 12:24 p.m. and 4:09 p.m.) Former mayor Vincent A. “Buddy” Cianci Jr. has died, according to news reports. more
The number of Americans filing applications for unemployment benefits unexpectedly declined last week to match a more than 42-year low, indicating employers are upbeat about an economy that bogged down in the first quarter. more
Federal Reserve Bank of Atlanta President Dennis Lockhart said the central bank should wait until at least next month to consider raising interest rates because of a slowing labor market and the British vote on European Union membership, adding his voice to the argument for a delay ahead of a speech by Chair Janet Yellen. more
Bank of America Corp. posted a first-quarter profit that missed analysts’ estimates as trading and underwriting revenue dropped and energy loans soured. more
Sears Holdings Corp., the struggling retailer run by hedge fund investor Eddie Lampert, will shut almost 80 stores as part of a push to make the company profitable again. more
(Updated 11:47 a.m.) Hasbro Inc. and CVS Health Corp. each made the 2016 Best Corporate Citizens list by Corporate Responsibility magazine released this week. more
Rhode Island gasoline prices rose 7 cents from last week, marking the highest prices since early last fall, AAA Northeast said Monday. more
Manufacturing expanded at a slower pace than forecast in April as factories continued to grapple with lax global demand and fallout from a weakened U.S. energy industry. more
In 2015, a year consumed by a company lawsuit, Robert Stebenne, the new president, CEO and chief operating officer of Summer Infant Inc., made $686,945. more
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