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Imagine a company that allows its employees to take nothing in salary this year in exchange for promissory notes to pay them twice as much in 10 years. Although there would be no immediate cash outlay, the company would still be required to accrue expenses reflecting the promises. more
Rhode Island’s nursing labor expenses on a per patient, per day basis increased by nearly 13 percent, or approximately $27 million, during the period from 2009 to 2012, according to a recent report by consulting firm Blum Shapiro. more
An index of Rhode Island’s leading economic indicators produced by Providence Business News and e-forecasting.com rose 1.1 percent in November to 124.8 from 123.5 in October. more
Fewer Americans than projected filed applications for unemployment benefits last week, a sign that the job market is sustaining recent gains. more
Bank of America Corp.’s $8.5 billion settlement with mortgage-bond investors will be delayed almost two weeks after American International Group Inc. and other objectors asked a judge for a hearing to address loan modifications excluded from the accord. more
Rhode Island’s average unemployment rate for 2013 was 9.5 percent, according to revised data released by the R.I. Department of Labor and Training on Thursday. The yearly average came in eight-tenths of a percentage point lower than 2012’s average of 10.3 percent. more
City planners have received preliminary plans to build a six-story apartment building on Hospital Street in the Jewelry District. more
The Providence City Council passed a $663 million budget for the 2014 fiscal year that will raise residential tax rates while freezing the city’s commercial and other tax rates and making new investments in education, public safety and infrastructure, Mayor Angel Taveras’ office announced Monday after the vote. more
The shareholder in Adler Pollock & Sheehan P.C. talks about whether advances in information technology is making fraud easier to accomplish, among other things. more
Save The Bay Executive Director Jonathan Stone has asked the the R.I. General Assembly to enact House Bill 6031 to reduce the number of cesspools in the state and to ensure cleaner, safer water, reduce beach and shellfishing closures, and better protect the public health. more
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