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Fitch Ratings has assigned a AA rating to Rhode Island’s $79.5 million in 2014 consolidated capital-development general-obligation bonds, the agency announced Wednesday. more
The seasonally adjusted unemployment rate in Rhode Island dropped to 8.7 percent in March, according to statistics released Thursday by the R.I. Department of Labor and Training. Still higher than the national unemployment rate of 6.7 percent for March, the Rhode Island figure is the lowest unemployment rate since September 2008, the DLT said in a release. more
Terms doctors use when treating patients often don’t match the coding terms needed for billing and insurance records, says Jon Elion, president and CEO of ChartWise: Clinical Document Intelligence. more
Bank of America Corp., the second-biggest U.S. lender, swung to a surprise loss as the company booked $6 billion of costs tied to mortgage disputes. more
Rhode Island officials have reached an agreement with most of the state’s public employee unions on a new four-year contract, Gov. Lincoln D. Chafee announced Thursday. more
The U.S. Navy’s Space and Naval Warfare Systems Command has awarded a $23.5 million contract to General Dynamics Information Technology to develop software designed to model the effects of releasing chemical, biological, radiological and nuclear materials. more
After dropping last week for the first time since early February, gasoline prices held steady this week in Rhode Island and rose in Massachusetts, according to the weekly survey by AAA Southern New England. more
U.S. taxpayers would need to pay an average of $1,259 more a year to make up the federal and state taxes lost to corporations and individuals sheltering money in overseas tax havens, according to a report. more
The Pentagon will cut 17 of the 343 F-35 fighters it planned to buy from Lockheed Martin Corp. in fiscal 2016 through 2019 unless Congress repeals automatic budget cuts, according to a new Defense Department report. more
The University of Rhode Island broke ground Wednesday morning on a new LGBTQ Center on Upper College Road scheduled to open next spring. The groundbreaking took place at the site of the old Ruggles House, a vacant URI building at 19 Upper College Road that will be demolished to make way for the $2.1 million, 4,300-square-foot facility. more
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