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Top News & Analysis Rhode Island

  • In the New York and Chicago areas, shoppers said stores were less busy than previous years on the day after the Thanksgiving holiday. "Nobody was busting down the doors at 6 a.m.," said Tracy Watkins, a Bed, Bath and Beyond store manager at the Chicago Ridge Mall, as temperatures outside lurked below freezing. Really calm, "said shopper Lauren Green, who was in line outside...

  • In the New York and Chicago areas, shoppers said stores were less busy than previous years on the day after the Thanksgiving holiday. "Nobody was busting down the doors at 6 a.m.," said Tracy Watkins, a Bed, Bath and Beyond store manager at the Chicago Ridge Mall, as temperatures outside lurked below freezing. Really calm, "said shopper Lauren Green, who was in line outside...

  • Nov 25- Faith Ruggieri, standing in the damp and chilly night air outside a Walmart in Providence, Rhode Island on Black Friday, represented a hopeful sign for traditional retailers squeezed by online rivals such as Amazon.com Inc.. Tracy Watkins, a Bed, Bath and Beyond store manager at the Chicago Ridge Mall, said "nobody was busting down the doors at 6 a.m." as the...

  • Consider the sneaker industry, one of the first to move to Asia because of the sharply lower cost of production in China and Vietnam. Nike Inc. and its smaller, privately held rival New Balance Shoes Inc. split over the question of whether the United States should back the Trans Pacific Partnership trade deal. But if Trump and a Republican-controlled Congress...

  • "This could be a uniting issue," said Saru Jayaraman, co-director of the Restaurant Opportunities Centers United and director of the Food Labor Research Center at University of California, Berkeley. Voters in Arizona, Colorado and Maine voted to raise their minimum wages to $12 by 2020. Washington State agreed to take the minimum wage to $13.50 in the same time...

  • *Cuts 2016 EPS forecast to $5.77- $5.83 from $5.81- $5.89. *Issues 2017 EPS forecast of $5.77- $5.93 vs. est. In a major blow, CVS lost contracts to fill prescriptions for Tricare, a Department of Defense health care program, and for customers of pharmacy benefits manager Prime Therapeutics, to Walgreens Boots Alliance Inc this year.

  • *Cuts 2016 EPS forecast to $5.77- $5.83 from $5.81- $5.89. *Issues 2017 EPS forecast of $5.77- $5.93 vs. est. In a major blow, CVS lost contracts to fill prescriptions for Tricare, a Department of Defense health care program, and for customers of pharmacy benefits manager Prime Therapeutics, to Walgreens Boots Alliance Inc this year.

  • Nov 8- CVS Health Corp, the No. 2 U.S. drugstore chain by store count, reported a 15.5 percent rise in quarterly revenue, helped by strong demand for its pharmacy benefit management services. Net income attributable to CVS rose to $1.54 billion, or $1.43 per share, in the third quarter ended Sept. 30, from $1.25 billion, or $1.11 per share, a year earlier.

  • CHICAGO/ SAN FRANCISCO, Nov 4- U.S. voters on Tuesday will decide the fate of $70.3 billion of municipal bond issuance, the largest amount of borrowing requests in a decade, with much of it earmarked to help pay for fixing the nation's crumbling infrastructure. The biggest concentration of bonds hanging in the balance is in California, which accounts for nearly 60...

  • CHICAGO/ SAN FRANCISCO, Nov 4- U.S. voters on Tuesday will decide the fate of $70.3 billion of municipal bond issuance, the largest amount of borrowing requests in a decade, with much of it earmarked to help pay for fixing the nation's crumbling infrastructure. We've had more stability in revenues and more stability in the economy as a whole, so we would expect a...

  • Nov 3- CVS Health Corp said it would cut about 600 jobs, mostly at its corporate offices in Rhode Island, Illinois and Arizona over the next two months, citing an increasingly competitive environment. The drugstore chain operator, which is expected to report third-quarter results next week, employs more than 240,000 people in the United States.

  • NEW YORK, Oct 25- A former investment adviser at an Oppenheimer Holdings Inc unit pleaded guilty on Tuesday to charges that he engaged in an insider trading scheme based on information supplied by a childhood friend working at Pfizer Inc.. David Hobson, 48, entered his plea in Manhattan federal court to conspiracy and securities fraud charges over conduct that...

  • David Hobson, 47, will plead guilty in Manhattan federal court to conspiracy and securities fraud charges over conduct prosecutors said began while he was at Royal Bank of Canada unit RBC Capital Markets and then continued at Oppenheimer& Co Inc, Michael Bowers, his lawyer, said in an email. Hobson, a Providence, Rhode Island, resident, would be the second...

  • BOSTON, Oct 20- Investors frustrated by poor returns and high fees at hedge funds pulled out roughly 1 percent of industry capital in the third quarter, with outflows totaling $28 billion. Third-quarter redemptions nearly tripled from the $8.2 billion investors redeemed during the second quarter, raising the amount of money pulled out this year to $51.5...

  • For instance, Eric Knight's activist-oriented Knight Vinke Institutional Partners is up nearly 50 percent before fees this year, while the Russian Prosperity Fund, which picks stocks in the former Soviet Union and is led by Alexander Branis, has climbed 43 percent. Then there are Jason Mudrick's Mudrick Distressed Opportunity Fund and Phoenix Investment...

  • For instance, Eric Knight's activist-oriented Knight Vinke Institutional Partners is up nearly 50 percent before fees this year, while the Russian Prosperity Fund, which picks stocks in the former Soviet Union and is led by Alexander Branis, has climbed 43 percent. Then there are Jason Mudrick's Mudrick Distressed Opportunity Fund and Phoenix Investment...

  • Oct 17- Bets on expensive but poorly performing hedge funds have cost pensioners in New York $3.8 billion in the last eight years, according to a report published by the state's financial regulator on Monday. "Hedge fund managers continue to reap hundreds of millions of dollars in fees, regardless of their performance, which is a rip-off at the expense of...

  • *Shares up as much as 8.3 pct at $82.48. *Q3 profit $2.03/ shr vs est of $1.74/ shr. Sales in the boys segment, which includes Star Wars and Jurassic World toys and merchandise, rose 2 percent to $605.50 million for the quarter, compared with a 24 percent jump last year.

  • The No. 2 U.S. toymaker's shares rose about 3.4 percent to $78.75 in premarket trading on Monday. Net income attributable to Hasbro rose to $257.8 million, or $2.03 per share from $207.6 million, or $1.64 per share, a year earlier. The Pawtucket, Rhode Island- based company's revenue rose 14.2 percent to $1.68 billion, handily beating the average analyst estimate of...

  • Oct 17- Hasbro Inc, the No. 2 U.S. toymaker, reported a 14.2 percent rise in quarterly revenue, helped by strong demand for toys in the girls category such as Disney Princess, Frozen and Trolls dolls. Net income attributable to Hasbro rose to $257.8 million, or $2.03 per share, in the third quarter ended Sept. 25 from $207.6 million, or $1.64 per share, a year earlier.