Government
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The Dutch government’s decision to hold onto U.S. mortgage debt acquired during the 2009 bailout of ING Groep NV has paid off so far as prices of the securities soared, more than doubling in some cases from lows that year. more
The top U.S. marginal tax rate of 39.6 percent will apply to taxable income of married couples exceeding $457,600 in 2014, up 1.7 percent from this year, the Internal Revenue Service said today. more
Airline passengers will be allowed more onboard use of devices such as Amazon.com Inc.’s Kindle as soon as the end of the year, though restrictions will remain, the chief U.S. aviation regulator said. more
The R.I. Department of Environmental Management has announced the award of farm viability grants totaling $205,311 for projects promoting specialty crops grown in Rhode Island. more
The U.S. Small Business Administration supported lending totaling $68.6 million to Rhode Island businesses in the fiscal year ended Sept. 30, a decline of 21.6 percent from the $87.5 million loaned to local companies through the federal agency’s programs a year earlier. more
The R.I. Economic Development Corporation board of directors has selected San Francisco-based Salesforce as the agency’s new client relationship management system, the agency announced Monday. more
Two Rhode Island biomedical companies featured in a new report by The Science Coalition released Tuesday highlight the role of federal research funding in strengthening innovation, creating new jobs and bolstering the economy. more
U.S. stocks rose, with the Standard & Poor’s 500 Index extending a record, as data showing lower retail sales and consumer confidence fueled bets the Federal Reserve will maintain stimulus as it starts a policy meeting. more
Direct state and local government spending in Rhode Island increased 1.1 percent between fiscal 2010 and fiscal 2011, less than the 1.7 percent increase nationally, according to a report from the Rhode Island Public Expenditure Council released Tuesday. more
Oshean Inc., a nonprofit group formed to develop communications infrastructure in Rhode Island and nearby Massachusetts, announced the completion Friday of Beacon 2.0, a high-speed fiber-optic network connecting more than 100 schools, hospitals, libraries and government agencies. more
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