Retail
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General Growth Properties Inc. CEO Sandeep Mathrani’s compensation surged more than fivefold to $22.1 million last year, boosted by the value of stock-option awards. more
Gasoline prices remain dropped a penny in Rhode Island and Massachusetts this week, the first time since early February that average prices in both states showed declines, according to the weekly survey by AAA Southern New England. more
Eyewear designer FGX International has partnered with Eby-Brown to distribute FGX’s Foster Grant glasses and select licensed brands to more than 13,500 convenience stores in the United States beginning in May. more
The U.S. economy grew more rapidly in the fourth quarter than previously estimated as consumer spending climbed by the most in three years, showing the expansion had momentum heading into this year’s harsh winter. more
CVS Caremark Corp. announced Wednesday that it has signed a three-year contract to continue providing pharmacy benefit services for the Blue Cross & Blue Shield Federal Employee Program. more
Hasbro Inc. once again was named to The Ethisphere Institute’s list of the “World’s Most Ethical Companies,” the third year in a row that the toy maker and entertainment producer has been recognized for business practices that embody the institute’s motto, “Good. Smart. Business. Profit.” more
Gasoline prices remain unchanged this week in Rhode Island, while prices increased 1 cent in Massachusetts, according to the weekly survey by AAA Southern New England. more
The abrupt March 13 departure of Alex and Ani LLC CEO Giovanni Feroce may prove to be little more than natural growing pains for a company that saw a meteoric four-year growth run during his tenure, or it could signal trouble to potential investors, say business observers. more
The Consumer Price Index in the Northeast remained largely unchanged during the 12 months ended in February, according to a report released Tuesday by the U.S. Bureau of Labor Statistics. more
Gasoline prices climbed 3 cents in Rhode Island this week, while prices dropped a penny in Massachusetts, ending five consecutive weeks of rising prices there, according to the weekly survey by AAA Southern New England. more
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