Updated May 29 at 4:50pm
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Adoption Rhode Island, an organization that supports children in state care and connects them to “forever families,” raised more than $55,000 at its 30th anniversary spring gala on May 3. more
Meeting face to face is a critical element in building relationships, so some banks, including Bank of America and Savings Institute Bank & Trust, are expanding the use of videoconferencing to maintain one-on-one conversations among employees in different locations and to offer customers an opportunity to meet with specialists, such as mortgage loan officers. more
Bank of America Corp. failed to win dismissal of two government lawsuits in which it’s accused of misleading investors about the quality of loans tied to $850 million in residential mortgage-backed securities. more
Rhode Island has the lowest gun-death rate in the country, 3.14 deaths per 100,000 people, based on 2011 data released in a new study by the national nonprofit Violence Policy Center. more
The two-year-old U.S. housing recovery is faltering. The Mortgage Bankers Association on Wednesday lowered its forecast for combined new and existing home sales in 2014 to 5.28 million - a decline of 4.1 percent that would be the first annual drop in four years. more
U.S. regulators are studying whether restrictions on marijuana should be eased, a step toward decriminalizing the drug at the federal level. more
Rhode Island’s May unemployment rate of 8.2 percent was the highest in the country for a seventh consecutive month, but Rhode Island was also one of 32 states with year-over-year unemployment rate declines designated statistically significant, the U.S. Bureau of Labor Statistics reported Friday. more
Standard & Poor’s Ratings Services has upgraded Providence’s “BBB” credit outlook from stable to positive to reflect Mayor Angel Taveras’ efforts to improve the city’s fiscal management practices and general fund balance, Taveras’ administration announced Friday. more
U.S. stocks rose, extending a record for the Standard & Poor’s 500 Index, as Federal Reserve comments spurred optimism that the economic recovery will accelerate. more
Providence Business News has chosen the winners of the 2014 40 Under Forty competition, to be honored Thursday, July 24, at Salve Regina University’s Ochre Court in Newport. The men and women of the 2014 class were selected from more than 100 applicants, based on career success and community involvement. more
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