Updated September 4 at 12:04pm
Local News
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Royal Bank of Scotland PLC is selling shares of its U.S. subsidiary, freeing the unit from the shadow of Britain’s largest state-owned lender and allowing it to compete with American regional banks. more
The R.I. Commerce Corporation Monday authorized a $3 million investment in the Slater Technology Fund’s new venture capital fund for Rhode Island energy sector startups. more
STEAMengine, a program being developed by the R.I. Commerce Corporation, has won a $1.57 million grant from the U.S. Department of Defense to help boost the state's economy and help it diversify. more
Rhode Island gas prices hit their lowest point this year after dropping another 5 cents over the past week, according to the weekly gasoline survey by AAA Southern New England. more
The director of the R.I. Department of Revenue did not mince words when discussing the state’s revenue performance in August, saying it was “like pushing a wet noodle.” more
A $1.7 million federal grant has been awarded to the Newport County Development Council to help establish a technology business incubator to foster startups, creating more than 100 jobs. more
Media general Inc. will sell a group of television stations to settle U.S. claims that its $1.5 billion purchase of LIN Media LLC is anticompetitive, the government said. more
Mayor-elect Jorge Elorza has filled three key positions in his administration, naming Tony Simon chief of staff, Brett Smiley chief operating officer and Rep. Grace Diaz senior adviser on community relations. more
Rhode Island added 700 construction jobs from August 2013 to August 2014, a 4.3 percent increase, ranking it No. 18 in a listing of all states, including the District of Columbia, regarding construction employment. more
Purchases of previously owned U.S. homes unexpectedly declined in August for the first time in five months as investors retreated from the market. more
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