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Capital Properties Inc. reported a 33.5 percent drop in profit to $340,000, or 5 cents per share, during the first quarter of 2013 compared with earnings of $511,000, or 8 cents per share, during 2012. more
Bank of America Corp. and Wells Fargo & Co. will be sued by the state of New York for allegedly violating terms of a $25 billion nationwide settlement over foreclosure practices. more
Bombings killed three people, injured scores and sent smoke and flame soaring near the Boston Marathon’s finish line, triggering an FBI investigation into what authorities described as an act of terror. more
The deadline for Rhode Island’s 30,000-plus for-profit corporations to file annual reports with the state is approaching. more
Juvenile health, safety and wellness product maker Summer Infant Inc. posted a net loss of $65.6 million, or $3.68 per diluted share, in 2012, compared with a profit of $3.8 million, or 21 cents per diluted share, in 2011. more
The cost of owning and operating a vehicle in the United States rose nearly 2 percent from last year, according to AAA’s annual “Your Driving Costs” study. more
Personal finance website NerdWallet.com said Rhode Island’s capital city was the second most expensive in the United States, according to its “Quarter Pounder Index,” a basic cost-of-living guide that uses the price of a McDonald’s quarter pounder with cheese to gauge the cost-of-living differences between U.S. cities. more
The population of the Providence-Warwick metropolitan area grew by 522 in the past two years, according to new population estimates released by the U.S. Census Bureau. more
New-home construction in the U.S. jumped more than forecast in March as multifamily projects climbed to the highest level in more than seven years. more
Sensata Technologies Holding N.V. reported a bottom line of $34.7 million, or 19 cents per diluted share, for the first quarter of 2013, a 10.9 percent decline from the $38.9 million, or 21 cents per diluted share, reported during the first quarter of 2012. more
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