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Consumer confidence in the U.S. unexpectedly declined in July to a four-month low as Americans’ outlook for the economy dimmed. more
Royal Bank of Scotland Group PLC CEO Ross McEwan said the foreign-exchange market scandal could be more expensive to the banking industry than Libor or improperly sold loan insurance. more
The Rhode Island unemployment rate has dropped to 7.9 percent in June, its lowest level since July of 2008, according to the R.I. Department of Labor and Training. Nationally, however, the Rhode Island unemployment rate remains 1.8 percent higher than the U.S. average of 6.1 percent for June. more
Microsoft Corp. said it will eliminate as many as 18,000 jobs, the largest round of cuts in its history, as Chief Executive Officer Satya Nadella integrates Nokia Oyj’s handset unit and slims down the software maker. more
The National Endowment for the Arts has announced a $75,000 grant to the city of Pawtucket, one of 66 cities in 38 states nationwide to receive funding under the NEA’s “Our Town” program to enliven local communities through artistic projects. more
The Rhode Island Center for Freedom & Prosperity on Thursday released its 2014 Report Card on Rhode Island Competitiveness, in which the Ocean State scored a “D” or “F” in nearly 80 percent of the measures analyzed to evaluate the state’s regional and natural economic competitiveness. more
Beginning home construction unexpectedly declined in June to a nine-month low as a record plunge in the South swamped gains in the rest of the U.S. more
Rhode Island will receive $193,090 in federal funding through the National Oceanic and Atmospheric Administration to make the state’s coastline more resilient to future storms and rising sea levels. more
Wright’s Dairy Farm in North Smithfield has been named Rhode Island’s 2014 Outstanding Dairy Farm of the Year by the Rhode Island Green Pastures Committee, the R.I. Department of Environmental Management announced Thursday. more
Health Insurance Commissioner Dr. Kathleen C. Hittner has approved lower 2015 premium rate increases than requested by Rhode Island’s four health insurance companies for several individual, small group and large employer plans. more
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