Updated May 27 at 10:27am
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Banks stand to lose as much as $4.5 billion in annual revenue as regulations aimed at improving financial stability alter how interest-rate swaps are bought and sold, according to a report from McKinsey & Co. more
The AS220 maker space in Providence won a contest hosted by Chicago-based Inventables to receive a free 3-D carving machine, a new technology that like 3-D printing is “revolutionizing the way physical objects are designed and manufactured.” more
Gov. Lincoln D. Chafee last week unveiled the R.I. Office of Management and Budget’s new online “suggestion box” for Rhode Island small businesses interested in contributing to the state’s regulatory reform process. more
This September, the Southeastern New England Defense Industry Alliance will bring together officials and defense industry leaders for an event in Newport focusing on new trends within the defense industry and the future of innovation and technology in defense. more
Engineered manufacturing solutions company A.T. Wall announced last week that its Metalform gun-magazine manufacturing facility has expanded to add resistance welding, spot welding, and robotic plasma welding equipment designed to increase production at least 10 percent. more
Husband and wife team at Xact Maps talk about the startup, which is working on unmanned-aerial-systems technology. more
Lifespan and Blue Cross & Blue Shield of Rhode Island on Tuesday announced a three-year agreement to share risk through an accountable-care payment model designed to better coordinate patient care and contain health care costs. more
The Federal Reserve extended deadlines until next year for new capital plans from Citigroup Inc. and the U.S. units of HSBC Holdings PLC, Royal Bank of Scotland Group PLC and Banco Santander SA after objecting to earlier versions. more
The Massachusetts Supreme Judicial Court ruled Tuesday that opponents of the 2011 law allowing casinos in the state may put a question on the November ballot to decide whether the law should be repealed, Boston.com reported. more
Walgreen Co., the largest U.S. drugstore retailer, withdrew its financial goals for fiscal year 2016 as it considers buying the remainder of Alliance Boots GmbH and possibly moving overseas to lower its tax bill. more
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