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RBS shareholders sue for $6B on 2008 rights offering
Royal Bank of Scotland Group Plc and former CEO Fred Goodwin were sued by about 12,000 shareholders who said the lender misled them in 2008 when it issued new shares months before a government bailout. more
DLT to cut EUC benefits by 12.2% due to sequestration
Due to the effects of federal sequestration, weekly benefits for the Federal Emergency Unemployment Compensation program will be reduced by 12.2 percent starting April 21, the R.I. Department of Labor and Training announced Tuesday. more
| 4/2/13
Small-business insurance market from health law delayed a year
Small-business employees will have to wait a year before they can choose their own medical plans after the Obama administration delayed a part of the 2010 U.S. health care reform law intended to provide them with coverage options. more
FedEx joins CVS in pressing Congress for corporate tax cut
Top executives from 18 large U.S. companies, including FedEx Corp., CVS Caremark Corp. and Boeing Co., are trying to keep up pressure on Congress to cut corporate tax rates. more
Regulators suspend review of Landmark purchase
State regulators have suspended their review of Prime Healthcare Service’s application to buy Landmark Medical Center until the applicant can provide additional clarifying information, according to Amy Kempe, spokeswoman for the R.I. Attorney General’s office. more
Covidien wins $176.5M in patent fight with J&J’s Ethicon
Medical technology maker Covidien PLC was awarded $176.5 million in a patent infringement suit with Ethicon Endo-Surgery Inc., a Johnson & Johnson company. more
| 3/29/13
Corporate e-filing nearly doubles in 2013
The number of Rhode Island companies filing corporate tax returns electronically so far this year has risen to 71 percent, nearly double the figures during the same point in 2012, R.I. Tax Administrator David M. Sullivan said Friday. more
| 3/29/13
R.I. Housing lands $1.5M to aid struggling homeowners
Rhode Island Housing has received a $1.5 million grant from the U.S. Department of Housing and Urban Development to help provide aid to struggling homeowners, announced Attorney General Peter F. Kilmartin. more
| 3/29/13
State to receive $6.7M for fish and wildlife preservation projects
(Updated, 3:30 p.m.) The state of Rhode Island is slated to receive $6.7 million for wildlife and sport fish restoration programs, announced U.S. Sen. Jack Reed. more
| 3/29/13
Providence suspends Innovation Investment Program
(Updated, 4:05 p.m.) The city has suspended a program providing $50,000 loans to startup companies that promise to stay in Providence for at least a year. more
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