Updated August 4 at 6:04pm
Local News
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Foreclosure rates in Rhode Island and the Providence-Warwick metropolitan area decreased in May to 1.4 percent and 1.6 percent, respectively, but are still higher than the national rate of 1.3 percent. more
Sensata Technologies Inc. reported a 33.8 percent increase in revenue, but a 36 percent drop in net income in the quarter that ended June 30. more
Textron Inc. reported lower revenue, partly due to fewer aircraft deliveries, but higher profit, in its second-quarter earnings release on Tuesday. more
Royal Bank of Scotland Group PLC plans to raise as much as $1.9 billion in the latest sale of shares in its U.S. unit Citizens Financial Group Inc. to investors. more
A new report aimed at revitalizing Pawtucket’s downtown recommends broad strategizing and concrete steps like rebuilding the downtown parking garage. more
Boston is out of the running for the Olympics in 2024, according to news reports. more
R.I. General Treasurer Seth Magaziner wants more stringent regulatory oversight of private equity investment expenses, saying the opacity of current standards puts Rhode Island in an unfavorable negotiating position. more
An oceanfront estate overlooking the Cliff Walk sold on Monday for $15 million, the most expensive residential sale in Rhode Island in the past two years, according to Lila Delman Real Estate International, which represented the seller. more
Fifty Rhode Island care providers who have been named winners of the PATH Excellence in Patient Service Awards have received approximately $1.8 million in bonus payments from UnitedHealthcare, part of UnitedHealth Group. more
Deepwater Wind LLC reached a milestone this weekend after successfully setting a 400-ton wind turbine frame – or “steel jacket” – into the seabed approximately three miles off the coast of Block Island. more
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