Updated May 29 at 5:29pm
Local News
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Europe’s banks face a further $50 billion of legal costs as they catch up with their U.S. counterparts, according to analysts at Morgan Stanley. more
Gasoline prices in Rhode Island fell 4 cents from last week and were unchanged in Massachusetts, according to AAA Northeast. more
VimpelCom Ltd.’s Italian unit agreed to sell a stake in its wireless towers to Spain’s Abertis Infraestructuras SA for 693 million euros ($774 million) to reduce debt. more
Rhode Island ranks among the worst states for job creation, according to Gallup’s annual ranking of state job markets in 2014. more
FM Global on Friday reported net income in 2014 fell 6.2 percent to $956.4 million and gross premiums earned decreased 1.9 percent, which the company attributes – in part – to the strength of the U.S. dollar. more
Honeywell Safety Products plans to close its Plainfield Pike facility, a company spokeswoman said Friday. more
With the Feb. 23 enrollment deadline now over, HealthSource RI said that 83 percent of Year One customers have renewed a plan for 2015. more
Americans’ confidence increased last week to the highest level since July 2007 as job gains and falling prices at the gasoline pump boosted attitudes about the economy and personal finances. more
The Dow Jones Industrial Average rose above 18,000 for the first time as faster-than-forecast growth in gross domestic product boosted confidence in the economy and overshadowed declines in health-care companies. more
U.S. stocks fluctuated, after the biggest drop since October in the Standard & Poor’s 500 Index, as data showed service industries expanded at the slowest pace in six months and factory orders fell. more
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