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Washington Trust Bancorp, parent of The Washington Trust Co., posted earnings of $9.3 million for the first quarter of 2014, an increase of 25.3 percent over earnings of $7.4 million in the first quarter of 2013. more
The negative outlook on the U.S.’s AAA credit-ranking was changed to stable by DBRS Inc. amid declining federal budget deficits and after Congress suspended the nation’s debt limit earlier this year until 2015. more
Retail sales increased in March by the most since September 2012 as Americans bought more cars, clothing and garden supplies, helping the economy recover from a weather-depressed start to the year. more
The U.S. government’s deficit will fall to $492 billion this year, according to the Congressional Budget Office, a steeper drop than originally predicted from $680 billion in fiscal year 2013. more
The long-awaited pickup in U.S. business investment will take place this year. No, really. 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
Eggs are about to get more expensive, as California moves to make sure hen houses are roomy enough to allow the birds to lay down, stand up, extend their wings and dance around. more
Holiday shopping in the U.S. kicked off earlier than ever this year, leaving some customers who didn’t want to skip out on their Thanksgiving celebrations without the bargains they were seeking. more
Citing more than a decade of continual enrollment increases, the University of Rhode Island said Thursday it plans to spend $5.3 million to hire 55 new faculty over the next four years. more
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