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KVH Industries Inc., a provider of guidance and Internet systems for the maritime and defense industries, posted a net loss of $1.1 million, or 7 cents per share, for the first quarter of 2014, reversing net income of $2 million, or 13 cents per share, reported for the same period last year. more
The unemployment rate in the Providence-Fall River-Warwick metro area fell to 9.4 percent in March, non-seasonally adjusted, compared with 9.6 percent a month earlier, according to a U.S. Bureau of Labor Statistics report released Tuesday. more
Rhode Island’s foreclosure rate fell to 1.9 percent in March from 3.1 percent a year earlier, the sixth-largest year-over-year decline among the 50 states, according to a report released Tuesday by real estate data firm CoreLogic. more
Bank of America Corp. fell the most in a year after suspending a dividend increase and $4 billion of planned share repurchases because of an error in its stress-test submission to the Federal Reserve. more
Gas prices rose a penny in Rhode Island and remained unchanged in Massachusetts this week, while the national average dropped for the first time in months, according to the weekly survey by AAA Southern New England. more
Royal Bank of Scotland Group PLC, Britain’s largest state-owned lender, jumped by the most in more than two years in London after reporting a threefold gain in quarterly profit. more
A study conducted by the Tax Foundation found that Rhode Island collected $966 in state and local income tax collections per person in 2011, ranking the state No. 17 in the country for highest per-capita combined collections. more
The R.I. Board of Education endorsed legislation Monday night that would authorize leasing terms for redevelopment of the South Street Power Station into an academic and nursing-school complex, paving the way for what Gov. Lincoln D. Chafee called a “meds and eds” project that is “a natural for us.” more
A new U.S. Census Bureau survey examining the commuting habits of Americans shows that Newport County boasts the highest percentage of commuters who bike or walk to work, followed by Providence County. more
Emissions of carbon dioxide and other pollutants have declined 29 percent in participating Regional Greenhouse Gas Initiative states since the program’s launch five years ago, according to a report released Tuesday by the nonprofit climate-change advocacy group Environment Northeast. more
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