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Rhode Island is selling $594 million in debt backed by tobacco-company payments as the segment is losing some luster while it beats the $3.7 trillion municipal market this year. more
Banco Santander SA, Spain’s biggest bank, said second-quarter profit rose 38 percent, beating analyst estimates, helped by the U.K. and a recovery in its home market. more
Providence Equity Partners LLC is scrapping a plan to sell Brazilian mobile-phone tower operator Grupo TorreSur after bids fell short of its expectations, people with knowledge of the matter said. more
Walgreen Co., the largest U.S. pharmacy chain by revenue, said Tuesday that fiscal year sales rose to a record $76.4 billion after the company’s prescription drug business grew, especially from the U.S. government. more
The 118-year-old Carey School stopped operating as a school in 2009. It is being redeveloped by Boston-based Arch Street Development LLC, which specializes in redevelopment, adaptive reuse and historic building preservation in the Northeast. more
Supervalu Inc. and the operator of the Albertsons supermarket chain, which both suffered data breaches this year, said they discovered additional attacks in the computer networks that process card payments. more
U.S. states are set to increase spending at the slowest pace since the recession ended five years ago, reflecting wariness about the recovery. more
U.S. regulators are studying whether restrictions on marijuana should be eased, a step toward decriminalizing the drug at the federal level. more
Medicare paid almost 4,000 doctors and medical providers more than $1 million apiece in 2012, including seven who received more than $10 million. Eye doctors were among the highest compensated, including one Florida ophthalmologist who received $21 million. more
President Barack Obama’s proposed 2015 budget would increase taxes by $1.4 trillion over the next decade compared with current law, the budget agency said. more
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