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The R.I. Revenue Department collected $1.4 million in May through the state’s 5 percent hotel tax, a sum 17.5 percent higher than the $1.2 million collected a year earlier in May 2013, according to the latest revenue report. more
Lending to Russian companies reached a crescendo last year, with international banks pledging $31 billion to OAO Rosneft to buy TNK-BP. As sanctions are tightened against the nation, however, even the smallest deals have dried up. more
A case alleging racial and gender discrimination in the denial of a professor’s promotion has cost the University of Massachusetts Dartmouth nearly $1.2 million, the Boston Business Journal reported. more
Rhode Island is selling $594 million in debt backed by tobacco-company payments as the segment is losing some luster while it beats the $3.7 trillion municipal market this year. more
Six Rhode Island municipalities and 10 state and quasi-public agencies are in violation of the state’s Access to Public Records Act, according to an audit performed by the Access/RI nonprofit coalition and MuckRock collaborative news site and public records request platform. more
Construction employment in the Providence-Fall River-Warwick metro area grew 5 percent year over year last month, adding 1,100 jobs for a total of 22,200 in June, according to an Associated General Contractors of America report. more
Rhode Island’s capital city ranks No. 52 in a list of the 100 best cities for women in business, compiled by the Bizwomen business journal and released Thursday. more
Rhode Island community health centers contributed an estimated $226 million to the state’s economy in 2013 and supported 1,779 jobs, according to a study released Friday by the Rhode Island Health Center Association. more
Employers in the U.S. added more than 200,000 jobs for the sixth straight month in July, showing the world’s largest economy is making strides toward sustaining faster growth entering the sixth year of expansion. The jobless rate rose as growing confidence prompted more Americans to look for work. more
KVH Industries Inc., a provider of guidance and Internet systems for the maritime and defense industries, reported second-quarter net income of $55,000, or zero cents per share, an improvement over the first-quarter net loss of $1.1 million but a 96.5 percent decline compared with net income of $1.6 million, or 10 cents per share, for the second quarter of 2013. more
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