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Cheryl Merchant, president and CEO of Hope Global, the Cumberland-based manufacturer of woven, braided and knitted narrow fabrics for industrial and specialty textile applications, has been named the winner in the Leadership & Strategy category of Providence Business News’ first Manufacturing Awards program. more
Brian T. Moynihan, who runs Bank of America Corp., the second-largest U.S. lender by assets, was among a group of underpaid CEOs last year, according to a study by pay expert Graef Crystal. more
More than 1,600 startups from 41 U.S. states and 50 countries have applied for the 2014 MassChallenge competition, a worldwide contest now in its fifth year, the startup accelerator announced Friday. more
Rhode Island’s foreclosure rate fell to 2.1 percent in February from 3 percent a year earlier, but remained slightly higher than the national rate of 1.9 percent, according to a report released Thursday by real estate data firm CoreLogic. more
Royal Bank of Scotland Group PLC, Britain’s biggest government-owned lender, hired Ewen Stevenson from Credit Suisse Group AG as chief financial officer. more
The U.S. military has sent Congress a $36 billion wish list for equipment and operations that aren’t in the Pentagon’s official budget for the coming fiscal year. more
CVS Caremark Corp. said Thursday its charitable trust awarded grants to 70 school and community health centers and clinics nationwide, part of a multi-year, $5 million effort to partner with organizations that provide health care to traditionally underserved populations. more
Alex and Ani LLC is closing its store on Weybosett Street in Providence next month and replacing it with an employee training center. more
(Updated, 5:30 p.m.) Fifty retired state employees and public school teachers have filed a lawsuit against the state of Rhode Island, objecting to their inclusion in the proposed class-action settlement of the state pension reform lawsuits. more
A total of 1,989 new business entities registered with the R.I. Secretary of State’s Business Services Division in the first three months of 2014, the secretary’s office announced Thursday. more
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