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Service industries in the U.S. expanded in July at the fastest pace since December 2005, showing the economy was building more momentum at the start of the second half of 2014. more
Capital Properties Inc. reported Tuesday that its second-quarter net income rose 79.3 percent to $450,000, or 7 cents per share, compared with $251,000, or 4 cents per share, during the same period a year ago. more
Brown University has been named to Forbes’ 2014 list of the most entrepreneurial universities in the country, joining startup breeding grounds such as Stanford University, the Massachusetts Institute of Technology and the California Institute of Technology. more
Single-family home prices in the Providence-Warwick metro area increased 3.2 percent year over year in June, the same level of growth reported a month earlier in May, according to the CoreLogic Home Price Index report released Tuesday. more
CVS Caremark Corp., the biggest provider of prescription drugs in the U.S., reported profit that beat analysts’ estimates after adding new customers in its pharmacy services business. more
Nortek Inc., maker of home and office security solutions, ventilation and air management products, and heating and cooling systems, reported a second-quarter net loss of $46.2 million, or $2.97 per diluted share, expanding the $8.6 million net loss, or 55 cents per diluted share, posted for the first quarter. more
Rhode Island ranks as the least friendly state in the U.S. for small business, according to a new survey by Thumbtack.com of 12,000 entrepreneurs. more
Six schools in Rhode Island and Bristol County, Mass., have been listed among The Princeton Review’s 2015 “Best 379 Colleges.” more
(Updated, 8:28 p.m.) Roger Williams University has chosen the former home of 38 Studios LLC as the new location for its downtown Providence campus, the school announced Monday. more
Private equity firm Nautic Partners LLC has acquired Custom Window Systems Inc., a manufacturer of impact-resistant and non-impact windows, doors and porch enclosures. more
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