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A food company that regularly poisoned people wouldn’t expect to stay in business for long. A pharmaceutical company whose drugs made patients sick would be shut down. But a bank that repeatedly rips off its customers? Why, it can just keep paying fines, toss out a “mea culpa” press release, and get back to business as usual -- even when it’s 80 percent owned by taxpayers. more
Wordplay aside, a pilot program being used by charter-boat captains to collect data on their summer flounder, or fluke, catch, may be pointing the way to a more accurate assessment of fisheries and thus a healthier fishing industry. more
When Central Falls declared bankruptcy three years ago, one of the largest liabilities on the city’s books was pension obligations. During the subsequent state-supervised workout, many of the city’s retirees saw their pensions substantially reduced. It was a tragedy for those who worked hard to have their expected retirement income so drastically cut. more
William C. DeWitt, partner at HCC Marketing, was recently re-elected president at the Financial Marketing Association. DeWitt has more than 20 years of experience in advertising, working for major companies like Citizens Financial Group and Bank Rhode Island, as well as leading advertising agencies such as Arnold Worldwide and Deutsch. In 2010, he joined the full-service marketing communications company HCC Marketing. DeWitt is a member of the Barrington Town Council, as well as the board of directors for Girls Scouts of Southeastern New England. He is also a consultant to the Barrington Adult Youth Team (Anti-Drug Task Force). He holds a B.A. in economics from Dartmouth College and an MBA from Duke University. more
Clay Johnson has recently been named development director at the Rhode Island Center for Freedom and Prosperity. more
Christine D’Orsi Fitta, a partner at Higgins Cavanagh & Cooney LLP, was recently named to the board of directors of East Bay Center Inc. Fitta represents major insurance companies and employers on worker’s compensation cases. more
David J. Rubin has been elected as the managing partner at Hinckley, Allen & Snyder LLP. He has been an attorney at the firm for more than 28 years and he has been a partner for more than 24 years. more
Kelly A. Kincaid has been elected to the board of directors of the Rhode Island Women’s Bar Association. more
U.S. stocks rose, extending the biggest monthly gain since February, as financial, health care and technology shares led the advance. more
Bill Warburton joined Gencorp’s commercial production team as account executive. more
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