Updated April 28 at 10:28am
Local News
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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
Gasoline prices declined 4 cents in Rhode Island and 2 cents in Massachusetts this week, the third consecutive week of lower prices in both states, according to the weekly survey by AAA Southern New England. more
The R.I. Revenue Department collected $1.4 million in May through the state’s 5 percent hotel tax, a sum 17.5 percent higher than the $1.2 million collected a year earlier in May 2013, according to the latest revenue report. more
Lending to Russian companies reached a crescendo last year, with international banks pledging $31 billion to OAO Rosneft to buy TNK-BP. As sanctions are tightened against the nation, however, even the smallest deals have dried up. more
A case alleging racial and gender discrimination in the denial of a professor’s promotion has cost the University of Massachusetts Dartmouth nearly $1.2 million, the Boston Business Journal reported. more
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