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Supreme Court upholds health care reform law
The U.S. Supreme Court issued its much-anticipated ruling this morning on the Patient Protection and Affordable Care Act, upholding the law, saying in a 5-4 decision that the law, with its mandate requiring health insurance coverage, was constitutional. more
U.S. economy grew 1.9% in 1Q on consumer spending
The U.S. economy grew 1.9 percent in the first quarter, reflecting a gain in consumer spending that now shows signs of cooling as the labor market weakens. more
Dorcas Place and IIRI to merge
The Dorcas Place Adult and Family Learning Center and the International Institute of Rhode Island have announced they will merge into one organization known as The Dorcas International Institute as of Jan. 1, 2013. more
New England jobless rate little changed in May
New England’s unemployment rate was little changed in May, according to the New England Information Office of the U.S. Bureau of Labor Statistics. more
| 6/27/12
Blue Cross eliminates 43 positions
Blue Cross & Blue Shield of Rhode Island announced Wednesday that it has eliminated 43 positions, effective immediately. Sixty percent of the workforce reductions were management positions, according to the health insurer. more
Adams tapped as vice chair of EDC board
Gov. Lincoln D. Chafee has nominated Jerauld C. Adams, owner of the Central Falls-based Hemphill Mill, as vice chair to the R.I. Economic Development Corporation board. more
| 6/27/12
Providence Chamber meeting focuses on solutions for small business
Poor unemployment figures and stumbling markets have made it difficult to stay in business in Rhode Island’s private sector, which is why the Greater Providence Chamber of Commerce hosted a brainstorming session with developers, marketing experts, entrepreneurs and academia members. more
R.I. personal income rises 0.8% in 1Q
Personal income in Rhode Island rose 0.8 percent from $46.3 billion during the fourth 2011 to $46.7 billion during the first quarter 2012, according to a new report from the U.S. Bureau of Economic Analysis. more
| 6/27/12
Wage gains prove elusive as U.S. elderly drive competition
About 74 percent of Americans say they plan to work past age 65, according to a May study by economists Jay Bryson and Sarah Watt of Wells Fargo Securities LLC in Charlotte, North Carolina. more
Covidien completes Oridion acquisition
Medical device maker Covidien PLC has completed its acquisition of Oridion Systems Ltd., the company announced Tuesday. more
| 6/27/12
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