Retail
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United Natural Foods Inc. announced Thursday it will acquire Tony’s Fine Foods, a perishable foods distributor specializing in cheeses and deli products and based in West Sacramento, Calif., for approximately $195.3 million. more
U.S. stocks fell, halting a two-day advance, as retailers from Staples Inc. to Urban Outfitters Inc. slumped on worse-than-estimated earnings and small-cap companies retreated. more
Gas prices dropped a penny in Rhode Island and Massachusetts this week, but Rhode Island’s average remained greater than national gasoline prices, according to the weekly survey by AAA Southern New England. more
The R.I. Department of Health has approved CVS Caremark Corp.’s application to open seven MinuteClinic facilities throughout Rhode Island. more
Gas prices fell in Rhode Island and Massachusetts this week, ending five consecutive weeks of climbing or unchanged gasoline prices in the two states, according to the weekly survey by AAA Southern New England. more
Service industries expanded in April at the fastest pace in eight months, a sign the biggest part of the U.S. economy will bolster growth this quarter. more
Gas prices rose a penny in Rhode Island and remained unchanged in Massachusetts this week, while the national average dropped for the first time in months, according to the weekly survey by AAA Southern New England. 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
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
The U.S. economy barely grew in the first quarter as harsh winter weather chilled investment and exports dropped. The expansion stalled even as consumer spending on services rose by the most in 14 years. more
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