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RBS chairman signals further job cuts, branch closures to come
Royal Bank of Scotland Group PLC, the recipient of the biggest banking bailout in the world, will eliminate more jobs and close additional branches before its restructuring is complete, Chairman Philip Hampton said. more
Newport-Bermuda race delivers $9M benefit to City by the Sea
According to an economic impact report released by The Bermuda Race Organizing Committee, the 2012 edition of the biennial Newport Bermuda Race generated more than $9 million for the local economy. more
Research: Women, nonwhites more likely to avoid taking statins
Nonwhite patients are 50 percent more likely to be non-adherent in taking statins to … more
RIPEC: Special districts useful but seen as under-regulated
While many of Rhode Island’s 91 special districts perform valuable services, their lack of mandated financial controls leaves them open to charges of poor fiscal management, according to a report released by the Rhode Island Public Expenditure Council late Monday. more
| 5/14/13
Ranbaxy settlement returns $290K to R.I. Medicaid
Rhode Island announced Tuesday that it has banded with other states and the federal government in a $500 million dollar settlement with generic pharmaceutical manufacturer Ranbaxy that will recover $290,600 for Rhode Island’s Medicaid program. more
Treasuries advance as yields near 7-week highs spur demand
Treasury 10-year notes gained for the first time in four days as yields at almost seven-week highs attracted buyers betting subdued inflation will bolster the value of the debt’s fixed payments. more
TD Bank has new leadership in R.I., but direction remains same
TD Bank has chosen a banking industry veteran to take over its Rhode Island and Boston metro south market. Kevin F. Malone has been named TD Bank market president for Boston, southern Massachusetts and Rhode Island. more
Summer Infant sees 1Q profit drop, looking for 2013 recovery
Juvenile health, safety and wellness product maker Summer Infant Inc. posted decreases in first-quarter net revenue, net income and gross margins as it worked to phase out products and licensing agreements, and endured an increase in interest expense, according to quarterly results released Wednesday. more
GWB awards R.I. firms $60K in skills-training grants
The Governor’s Workforce Board announced Monday that it has awarded more than $60,000 in “Express Grants” to 20 local firms. The strategic investments will partially fund skills training for 344 employees. more
More workers got insurance in Massachusetts after health law
The share of workers opting to take company medical coverage rather than more take-home pay rose in Massachusetts after the state overhauled its health system in 2006, a result the U.S. Affordable Care Act may replicate, a report suggests. more
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