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U.S. stock futures fall as retail sales drop
U.S. stock futures fell, following the biggest one-day gain in two weeks for the Standard & Poor’s 500 Index, as a report showed retail sales in the world’s biggest economy unexpectedly dropped for a third straight month. more
Lardaro: R.I.’s recovery continues, slowly
Rhode Island’s economic recovery continues but is doing so at a slower pace, according to University of Rhode Island economist Leonard Lardaro’s Current Conditions Index. more
Brown weighing dropping Paterno name from award
Brown University is still considering whether to permanently rename its Joe Paterno ’50 Award, given to a freshman male athlete, following the release of a report that indicates the former Penn State football coach helped conceal former colleague Jerry Sandusky’s criminal activities. more
Study tests cell carriers in R.I.
According to a study by RootMetrics, a data company focusing on mobile phone use, Verizon, T-Mobile and AT&T perform best in the Providence area. more
Clarendon Court sells for $13.1M
Clarendon Court, the Cliff Walk mansion and former home of Claus and Sunny von Bulow, has sold for $13.1 million, the highest price in the state this year, listing agent Paul A. Leys of Gustave White Sotheby’s International Realty announced. more
Oil rises for third day on China speculation, rising equities
Oil rose for a third day, the longest winning streak in a month, as slowing growth in China fueled stimulus speculation and U.S. equities advanced. more
Webster revenue up 6% in 2Q
Webster Financial Corp., the holding company for Webster Bank, has announced net income available to common shareholders of $40.6 million, or $.44 per diluted share, for the quarter ended June 30 up 6 percent from $38.3 million, or $.42 per diluted share for the first quarter ended March 31. more
RIDE names 29 schools in need of intervention
Twenty-nine Rhode Island schools have been identified as in need of intervention under the RI Department of Education’s 2012 School Classifications released Friday. more
Revised Bay State data shows job growth in 2011
Due to an analysis of new Massachusetts payroll employment data, MassBenchmarks estimates that the Bay State saw job growth of 1.2 percent between December 2010 and December 2011, compared compared with the 0.3 percent growth originally reported by the U.S. Bureau of Labor Statistics. more
| 7/13/12
R.I. is 5th-highest for mortgage fraud investigations
Rhode Island had the fifth-highest Mortgage Fraud Index rating in 2011 for fraud investigations, according to LexisNexis’ 14th Annual Mortgage Fraud Report. more
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