Finard Coventry Hotel Management announced Thursday that it has closed on its $16 million purchase of the Providence Biltmore hotel. more

Moody’s Investors Service – a globally recognized rating company – affirmed the ‘A2’ rating on 38 Studios’s bonds since the bonds’ “stable” outlook is based on the state’s moral obligation pledge, which high-ranking Rhode Island officials say they intend to honor. more

A.H. Belo Corp., the parent company of The Providence Journal and three other daily newspapers, declared a quarterly cash dividend of 6 cents per share, even as the company reported a net loss of 18 cents per share during its first quarter. more