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Citizens’ planned IPO way to help pay U.K. debt
Providence-based RBS Citizens Financial Group has chosen a new leader specifically to prepare for a partial IPO planned for 2015, replacing Chairman and CEO Ellen Alemany, named one of 10 CEOs to watch this year by American Banker. more

By Rhonda Miller
PBN Staff Writer | 5/20/13

Proposals emerge for I-195 land
Addressed one at a time, the 17 buildable parcels uncovered by the relocation of Interstate 195 in Providence will likely take many years to develop. more

By Patrick Anderson
PBN Staff Writer | 5/20/13

Stonehill names new leader
Stonehill College’s Board of Trustees voted Friday to name the school’s current vice president for student affairs, the Rev. John Denning, its 10th president, succeeding current president, the Rev. Mark T. Cregan, who will step down at the end of June after 13 years in the job. more
| 5/17/13
R.I. sees 3rd-highest construction job contraction in April
During the past year, construction employment in Rhode Island fell nearly 9 percent, or 1,400 jobs, according to the Associated General Contractors of America. more
Next deadline approaching for Betaspring hopefuls
Betaspring is reminding would-be entrepreneurs that the early application deadline for its fall accelerator session in Tuesday, May 21, with the final deadline coming on June 12. more
| 5/17/13
U.S. stocks advance as leading indicators, sentiment gauges rise
U.S. stocks advanced, putting the Standard & Poor’s 500 Index on track for its fourth straight week of gains, as gauges for leading indicators and consumer sentiment advanced more than estimated. more
WaterFire looks to region for help designing sustainable future
WaterFire Providence is asking its supporters for help in an “unusual” way. The nonprofit organization was recently named one of 14 semifinalists in the ArtsFwd 2013 Business Unusual National Challenge, and it’s looking for online votes to help it come out on top. more
Even with jobless rate drop, R.I. stays No. 6 in U.S. at 8.8%
Despite the three-tenths of a percentage point decline in its unemployment rate in April, to 8.8 percent, Rhode Island still has the sixth-highest jobless rate in the nation, according to data released Friday by the U.S. Bureau of Labor Statistics. more
| 5/17/13
Bike link re-established between East Side, East Providence
Just in time for Bike to Work Day, the R.I. Department of Transportation, in partnership with the Blackstone Valley Tourism Council and the Narragansett Bay Wheelmen, announced Friday the establishment of a new bike route that preserves the connection between Providence and East Providence despite the Washington Bridge Bikeway closure. more
Velocity achieved in U.S. as growth for 2 years seen in poll
The U.S. economy will continue to recover until at least 2015 without tumbling into a recession, achieving the sustained growth that has eluded it since the last slump ended four years ago, according to a Bloomberg poll. more
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