Updated May 23 at 11:16am
Local News
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With six of its seven local component parts contributing positively, the Rhode Island Current Economic Indicator increased to 3 percent in the second quarter, from a 2.2 percent reading in the first three months of the year. more
U.S. stocks rose, sending the Standard & Poor’s 500 Index above 2,000 for the first time, on signs of more corporate takeovers and stimulus for the European economy. more
The R.I. Department of Revenue collected $297,158 more than expected in July, resulting in a monthly total general revenue surplus of one-tenth of 1 percent compared with the state’s original revenue projections. more
AAA Southern New England reported a 2 cent per gallon gasoline price decline in both Rhode Island and Massachusetts this week, the sixth consecutive week that prices have fallen in the region. more
Sellers of bonds backed by mortgages and auto loans would have to give investors details including the borrowers’ income and credit scores under rules the U.S. Securities and Exchange is poised to consider this week. more
Bank of America Corp. must set aside $490 million of its Aug. 21 $16.7 billion settlement to cover taxes that borrowers face on forgiven mortgage debt - a step taken by the Justice Department to give homeowners relief that Congress has failed to provide. more
Federal Reserve Chair Janet Yellen said Friday she still isn’t satisfied with the U.S. labor market. Deciding when she is won’t be easy. more
Newport Hospital recently received the American Nurses Credentialing Center’s Magnet Recognition, nursing’s highest distinction, for the third time. more
A total of more than $14.8 million in Rhode Island tax credits were granted in fiscal year 2014, according to the recently published Tax Credit and Incentive Report. more
Providence Optical was named one of “America’s Finest Optical Retailers” for 2014 by “Invision” magazine, a business publication for eyewear professionals. more
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