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Providence Business News Daily Edition - Sovereign profit increases in 2Q while Santander hurt by European weakness
YOUR DAILY EDITION
Thursday, July 29, 2010
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Sovereign profit increases in 2Q while Santander hurt by European weakness
Sovereign Bank continued to bounce back in the second quarter, posting an operating profit of $132 million compared with a $10 million loss in the year-ago period, Sovereign’s parent, Spanish bank Banco Santander S.A., said Thursday.
Channel 6 files receivership petition, not expected to close
Providence-area foreclosures rise 10.3%
Optical group leads revenue, profit growth at A.T. Cross in 2Q
Providence tax rate hike approved by City Council, mayor could veto
Banks earn millions in fees as states plug budget holes with new debt
Newsmaker:
Despite the recession, Collette’s CEO sees a boom in travel, as tourists seek value
This Week's Poll:
What do you expect the federal financial overhaul law will do?
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