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(Updated, 11 a.m.) GTECH S.p.A. has agreed to purchase International Game Technology Inc., a gaming entertainment company headquartered in Las Vegas, for approximately $4.7 billion in cash and stock, merging the two companies under a newly formed U.K. holding company. more
The 2013-14 freshmen at Brown University and Rhode Island School of Design scored highest in Rhode Island and southeastern Massachusetts on SAT tests required for admission, according to the latest data available from the U.S. Department of Education. more
Cliff Walk has been chosen as one of the “10 Great Public Spaces of 2014” by the American Planning Association. more
(Updated, 3:07 p.m.) The Rhode Island Foundation reported net assets of $734.4 million at the end of 2013, increasing by $101.6 million, or 16 percent, the $632.8 million reported the previous year, according to the organization’s 2013 annual report. Since 1993, the organization has seen its total assets increase more than 300 percent, from $197 million. more
RBS Citizens, the commercial banking division of Providence-based Citizens Financial Group Inc., is expanding into new geographic markets with an emphasis on growth industries such as health care, technology and franchising, the bank announced Wednesday. more
The Rhode Island Business Plan Competition will launch its 2015 competition, which is expected to award prizes in excess of $200,000, on Oct. 14 at a kick-off event. more
Home cash sales are continuing to fall each month nationwide, according to data firm CoreLogic, which released cash sales data on Tuesday. more
WaterFire Providence will be able to request that the Army Corps of Engineers close the Fox Point Hurricane Barrier during WaterFire events in exchange for reimbursement of the costs, after the passage of a $12 billion U.S. water infrastructure bill on May 22. more
The Block Island Wind Farm demonstration project for Deepwater Wind LLC has received two long-awaited federal permits through the U.S. Army Corps of Engineers. more
A new progress report on student learning in city schools shows improvement in graduation rates and the dropout rate in 2012-13 and reflects administrative commitment to making more progress. more
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