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U.S. stocks fluctuated, with the Standard & Poor’s 500 Index poised for its worst week since April, as investors weighed the implications of a corporate debt crisis in Portugal and assessed earnings reports. more
President Barack Obama will announce today that 26 companies including Woonsocket-based CVS Caremark Corp., Apple Inc., Johnson & Johnson and Coca-Cola Co. are committed to speed payments to their suppliers that are small businesses. more
Thirty-three percent of Rhode Island’s rural roads and 25 percent of its rural bridges are in need of repair, ranking Rhode Island among the U.S. states with the highest percentage of deficient rural roadways, according to a report issued Thursday by the Trip National Transportation Research Group. more
The Committee on City Property tentatively approved the sale of an 8.5-acre parcel to Rhode Island College for $250,000, but the property first needs to go out to bid, according to the City Clerk’s office. more
An index of Rhode Island’s leading economic indicators rose 0.4 percent in May to 126.8 from 126.3 in April, the second consecutive month of gains in the state’s economic indicator index produced by Providence Business News and e-forecasting.com. more
Bank of America Corp., Citigroup Inc. and Wells Fargo & Co. won dismissal of lawsuits brought by the city of Miami claiming they flooded minority neighborhoods with predatory mortgages before the housing bubble burst. more
Prospect CharterCare LLC announced Thursday a number of changes in its executive team as well as in its management structure. more
(Updated, 5:05 p.m.) FM Global Chairman and CEO Shivan S. Subramaniam will retire at the end of 2014 after 40 years with the company he helped grow from an enterprise with $1 billion in annual revenue to one with yearly revenue of $5.6 billion. more
Rhode Island has positioned itself as a leader in the offshore wind energy movement alongside Massachusetts, according to a new report from the National Wildlife Federation assessing offshore wind progress among Atlantic Coast states. more
Tao Sun, who led Providence Equity Partners Inc.’s investing team in China, has left the private- equity firm after three years, according to a person familiar with the move. more
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