A Rail Line for R.I., Mass.

Providence, r.i. — A Boston company wants to offer the first private passenger rail line in the nation in more than 30 years, reviving a once-popular business model that was stopped dead in its tracks decades ago. Boston Surface Railroad Co. is planning a commuter rail line that would shuttle passengers between Worcester, Mass., and Providence in about an hour. No private passenger rail line has existed since 1983, and it’s been even...

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U.S. Housing-Market Recovery Hits 8-Year High

Washington — America’s housing-market recovery is in full swing. Purchases of previously owned homes climbed 3.2 percent in June to a 5.49 million annualized rate, the strongest since February 2007, the National Association of Realtors said Wednesday. Lean inventory pushed prices to an all-time high and listed properties were snapped up in just 34 days on average, the quickest in four years of record-keeping. A broad-based advance,...

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