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The United States is preparing to sue Bank of America Corp. amid an impasse in talks to resolve government probes of the lender’s sale of mortgage-backed bonds before the financial crisis, a person familiar with the matter said. more
State Street Corp. is eliminating 400 jobs, about 1.4 percent of its workforce, in a fourth round of cuts since 2010 as the third-largest custody bank seeks to reduce expenses to combat the impact of low interest rates. more
Consumer confidence rose in April to a nine-month high, showing Americans are growing more upbeat about the economy as the labor market gains traction. more
An anonymous, $1.5 million gift to the Moses Brown School will be used to establish a sailing and marine education center in Cranston at the former Edgewood Yacht Club. more
Tinker|Bristol, a nonprofit manufacturing incubator, is slated to open on Wood Street in the spring, according to a news release from the company. more
Rocky Point will open to the public on Oct. 25 for the first time in two decades so visitors can see how it is being redeveloped into a coastal state park. more
UnitedHealth Group Inc., the biggest U.S. health insurer by sales, raised its profit forecast after quarterly earnings beat analyst estimates as more people signed up for Medicaid services under Obamacare. more
Google has named Warwick as the 2014 eCity for the state of Rhode Island, the Internet company announced in a press release on Thursday. more
Nearly 300 job seekers attended an informational job fair at Newport Grand on Wednesday, according to a press release from Jobs for Newport. more
Rhode Island homeowners pay 8 percent more for homeowner’s insurance after making a claim, according to a new insuranceQuotes.com report, a figure that is below the national average of 9 percent. more
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