Updated March 6 at 11:06am
Local News
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Employers boosted payrolls in April by the most in two years and the jobless rate plunged to 6.3 percent as companies grew confident the U.S. economy is emerging from a first-quarter slowdown. more
CVS Caremark Corp., the largest provider of prescription drugs in the U.S., posted first-quarter profit that missed analyst estimates as cold weather and a mild flu season hurt sales. The company reaffirmed its 2014 forecast. more
Nordic Technology Group, a company that has developed software that uses 3-D motion sensors to identify and alert caregivers to changes in patients’ behavior, was named the top winner in the 2014 Rhode Island Business Plan Competition at a live event held Thursday at The Garage. more
International businessman and developer Peter de Savary has sold Merrillton, his seven bedroom gilded-age mansion, for $8.675 million, Stacie Mills, Principal Broker of Vanderbilt International Properties Ltd. said Thursday. more
U.S. stocks fluctuated with the Dow Jones Industrial Average near a record as investors dissected earnings, while data showed higher jobless claims and consumer spending. more
Even with a ban on tobacco sales forecast to slow earnings, CVS Caremark Corp. shareholders still can’t seem to kick the habit of owning the stock. more
Textron Inc. – parent company of Bell Helicopter, Cessna Aircraft Co. and Textron Systems – reported that its net income dropped 28.6 percent in the first quarter to $85 million, or 30 cents per diluted share, due in part to restructuring costs incurred by the manufacturer’s acquisition in March of Beech Holdings LLC. more
Nortek Inc. announced Wednesday that it has completed its acquisition of the heating, ventilation and air conditioning business of Thomas & Betts Corp., a wholly owned subsidiary of international power and automation manufacturer ABB Ltd. more
KVH Industries Inc., a provider of guidance and Internet systems for the maritime and defense industries, posted a net loss of $1.1 million, or 7 cents per share, for the first quarter of 2014, reversing net income of $2 million, or 13 cents per share, reported for the same period last year. more
The R.I. Department of Environmental Management has selected 17 projects, from among 92 applicants, to receive a total of $210,000 in funding from the Local Agriculture and Seafood Act Grants Program. more
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