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The Center on Budget and Policy Priorities has ranked Rhode Island’s policymakers 12th among the 50 U.S. states and the District of Columbia for the state’s use of sound fiscal planning to budget for the state’s future, the nonprofit think-tank announced Tuesday. more
Applications for U.S. unemployment benefits fell for the first time in three weeks as employers retained workers to meet demand. more
The announcement by Stephen Farrell, president and CEO of UnitedHealthcare of New England, at a meeting of the Health Insurance Small Employer Taskforce last week that United planned to open a private health insurance “exchange” is part of a broader trend both in New England and nationally. more
Bank of America Corp.’s $8.5 billion settlement with mortgage-bond investors will be delayed almost two weeks after American International Group Inc. and other objectors asked a judge for a hearing to address loan modifications excluded from the accord. more
Construction employment in the Providence-Fall River-Warwick metro area rose 5 percent in December compared with the same period last year, adding 900 jobs for a total of 19,100 jobs, the Associated General Contractors of America reported Wednesday. more
The unemployment rate in the Providence-Fall River-Warwick metro area rose to 9.2 percent in December, non-seasonally adjusted, from 8.6 percent a month earlier, as the size of the labor force shrank five-tenths of a percent to 687,600 from 698,300, according to a U.S. Bureau of Labor Statistics report released Wednesday. more
Service industries expanded more than forecast in January as the biggest part of the U.S. economy overcame the effects of snow and freezing temperatures to boost hiring by the most in more than three years. more
CVS Caremark Corp. will stop selling tobacco products at its 7,600 retail stores nationwide by Oct. 1 this year, the pharmacy chain announced Wednesday. President and CEO Larry Merlo said the decision was “the right thing to do,” even though the company expects to lose approximately $2 billion in annual revenue after pulling tobacco products. more
Winter Storm Nika laid a wintry mix of snow and sleet across Rhode Island and southeastern Massachusetts on Wednesday, with accumulation of 3 to 6 inches in most parts of Rhode Island and close to 12 inches in the northern part of the state. (Updated, Feb. 5, 2:22 p.m.) more
The Rhode Island Business Plan Competition will offer insights on how to structure a business plan at a Feb. 13 workshop. more
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