Updated March 3 at 1:03pm
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The R.I. Office of Regulatory Reform has released a report outlining key findings and recommendations from period three of the Regulatory Reform Initiative to analyze all state-agency regulations and their impact on Rhode Island’s small businesses. more
The U.S. Department of Housing and Urban Development on Wednesday awarded nearly $1.8 billion to improve and preserve public housing in all 50 states including Rhode Island, which received $12.6 million. more
The number of Americans filing applications for unemployment benefits held last week near the lowest level in almost four months, a sign the labor market continues to strengthen. more
Royal Bank of Scotland Group PLC, Britain’s biggest taxpayer-owned lender, must face a lawsuit by a bond insurer over what it claims was the bank’s sale of $1.15 billion of securities backed by “thousands of defective and fraudulently originated” home loans. more
Deepwater Wind is planning to submit a proposal to sell wind energy to the Long Island Power Authority, the Providence-based energy company said Wednesday. more
Rhode Island chefs snagged 10 of this year’s 27 Coastal New England Rising Stars Awards, according to industry trends magazine StarChefs.com. more
Movoto Real Estate has named Rhode Island’s capital city the most “exciting” mid-sized city in the country, awarding high scores for Providence’s young population and vibrant nightlife. more
Federal Reserve officials predicted their target interest rate would be 1 percent at the end of 2015 and 2.25 percent a year later, higher than previously forecast, as they upgraded projections for gains in the labor market. more
Bank of America Corp. is cutting jobs today across co-Chief Operating Officer Thomas Montag’s global trading and investment banking divisions, according to three people with direct knowledge of the decision. more
Rhode Island’s state debt per capita of $8,769 for fiscal year 2012 ranks third-highest in the United States, according to the Tax Foundation’s 2014 “Facts and Figures” report released Wednesday. The annual report compiles tax and collections data for each of the 50 U.S. states and the District of Columbia, and ranks each state on 39 different measures of tax and fiscal policy. more
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