In its first move in three months, Rhode Island’s Current Conditions Index fell to 67 in November from its 2016 high of 75 in October, according to University of Rhode Island economist Leonard Lardaro.
(Updated 3:49 p.m.)
Rosciti Construction Corp. and Wallace Construction Corp., along with four of the companies’ current and former owners and officers, will pay $1 million to resolve civil allegations that they violated the Federal False Claims Act.
It was an ambitious goal, but thanks to both corporate and personal contributions, the Station Fire Memorial Park Campaign has raised $2 million and is now planning a spring ceremony to unveil the Memorial Park dedicated to the 100 people who lost their lives on Feb. 20, 2003 in the Station nightclub fire in West Warwick.
(Updated, 5:15 p.m.)
Nortek Inc., maker of commercial and residential air circulation and technology products for home and office, has agreed to be acquired by Melrose Industries PLC for $86 per share, which translates into a rough enterprise value of about $2.8 billion.