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Bank of America Corp.’s record settlement with the Justice Department over the sale of mortgage bonds in the run-up to the 2008 financial crisis will be announced as soon as Thursday, two people with knowledge of the matter said. more
The Corporation for National and Community Service has awarded a $345,000 grant to Rhode Island Campus Compact to bring 23 new AmeriCorps Vista members into the state to help build campus-community partnerships supporting education and economic opportunity. more
The Genesis Center is one of 30 nonprofits across the country to be named a “model program” in the National Skills Coalition by Vice President Joseph Biden. more
Two Rhode Island-based companies, Alex and Ani and First Point Power, made the top 100 in Inc. Magazine’s annual ranking of the 5,000 fastest-growing private companies in the country, released Wednesday. more
People in Rhode Island’s capital city are among the least honest in the country according to the National Honesty Index released Tuesday by the Honest Tea organic beverage company in Bethesda, Md. more
Five institutions building Newportal, a free, online database intended to promote Newport’s cultural heritage, have won a $60,000 grant for the project from the Rhode Island Foundation. more
Foreclosures in the Providence-Warwick metro area represented 1.78 percent of all mortgages for the month of June, compared with 2.35 percent for the same month last year, according to data released Wednesday by CoreLogic. more
Construction companies in Rhode Island added 700 construction jobs in July compared with the same month last year, an increase of 4.3 percent that ranked the state 20th in the country for highest percentage of construction jobs gained year over year, the Associated General Contractors of America reported Monday. more
The Lifespan nonprofit health care system generated total operating revenue of $1.7 billion in 2013, with total operating expenses of $1.72 billion and net income of $17 million, according to Lifespan’s annual financial statement. more
Home construction rebounded in July and the cost of living rose at a slower pace, showing a strengthening U.S. economy has yet to generate a sustained pickup in inflation. more
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