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June 5, 2008 Archives

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Rhode Island's foreclosure rate levels off

12:26 PM Thu, Jun 05, 2008 | | Write a comment
By Lynn Arditi    Email

Rhode Island's home foreclosure starts showed no increase during the first-quarter of this year, according to a report released today by the Mortgage Bankers Association. Rhode Island is one of more than a dozen states where the foreclosure starts......

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Controller leaves Bancorp Rhode Island

12:17 PM Thu, Jun 05, 2008 | | Write a comment
By Paul Grimaldi    Email

The controller of Bancorp Rhode Island (BARI:Nasdaq) left his position at the Providence-based bank to take a job with another company, the bank said yesterday in a federal regulatory filing. Michael J. Herbert, of Cumberland, had been controller at the......

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State grant to boost New Bedford mill project

11:44 AM Thu, Jun 05, 2008 | | Write a comment
By John Kostrzewa    Email

The Fairhaven Mills Redevelopment Project in New Bedford this morning was awarded a $1.3 million Massachusetts Opportunity Relocation And Expansion Jobs grant. The money will be used to widen the highway off ramp and add traffic signals to support the......

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New protections for homeowners

11:32 AM Thu, Jun 05, 2008 | | Write a comment
By Lynn Arditi    Email

The Rhode Island General Assembly has passed legislation designed to protect homeowners seeking to cash out some of the equity in their homes. The bill approved by the Senate yesterday requires that any homeowner considering a "reverse" mortgage loan......

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Report: Fidelity to shed workers

9:24 AM Thu, Jun 05, 2008 | | Write a comment
By John Kostrzewa    Email

Fidelity Investments, the Boston-based mutual fund company that runs several offices in Rhode Island, has begun its third round of job cuts since November, according to report this morning by Bloomberg News, citing a story in the Boston Globe. Workers......

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