Government
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Royal Bank of Scotland Group PLC traders sought to manipulate Australia’s bank-bill swap rate, the local equivalent of the London interbank offered rate, the country’s securities regulator said. more
Alex and Ani LLC’s lawsuit in U.S. District Court alleging that eight defendants conspired to secure discounted Alex and Ani jewelry on behalf of retail distributors, and then later fraudulently resold the jewelry to BJ’s Wholesale Club Inc., has been allowed to proceed. more
Many of Rhode Island’s school districts receiving the highest level of funding per student are among the districts with the lowest return on investment, according to an analysis of 7,000 districts nationwide by the Center for American Progress. more
The National Endowment for the Arts has announced a $75,000 grant to the city of Pawtucket, one of 66 cities in 38 states nationwide to receive funding under the NEA’s “Our Town” program to enliven local communities through artistic projects. more
The Rhode Island Center for Freedom & Prosperity on Thursday released its 2014 Report Card on Rhode Island Competitiveness, in which the Ocean State scored a “D” or “F” in nearly 80 percent of the measures analyzed to evaluate the state’s regional and natural economic competitiveness. more
The U.S. debt held by the public is expected to rise to 106 percent of the economy in 2039 from 74 percent this year, largely driven by increases in the cost of health benefits, the Congressional Budget Office said. more
More than two-thirds of U.S. roadways are in need of repair and the poor condition of the nation’s transportation network results in billions in extra costs, according to a White House report. more
The National League of Cities coalition has selected Providence as one of eight cities nationwide to receive a two-year grant of up to $260,000, building on previous funding that supported the development of a city outreach campaign to enroll children and families in RIte Care, the state’s Medicaid-managed care program for low-income families. more
The University of Massachusetts on Monday announced $865,000 in grants under the President’s Science and Technology Initiatives Fund to support seven faculty research projects ranging from climatology and wind energy to health care and laser technology. more
President Barack Obama will announce today that 26 companies including Woonsocket-based CVS Caremark Corp., Apple Inc., Johnson & Johnson and Coca-Cola Co. are committed to speed payments to their suppliers that are small businesses. more
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