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Fitch places St. Joseph’s bonds on positive rating watch
Global rating firm Fitch Ratings Ltd. has placed $17.8 million in bonds from St. Joseph Health Services of Rhode Island on rating watch positive, due to a letter of intent signed by the hospital’s parent CharterCare Health Partners and Prospect Medical Holdings. more
| 4/2/13
Steward sues Blue Cross over failed Landmark bid
Steward Health Care, the for-profit hospital network based in Boston, filed suit in Superior Court on May 1 against Blue Cross & Blue Shield of Rhode Island, alleging that the health insurer engaged in “unlawful attempted and actual monopolization of the market” caused the failure of Steward’s bid to purchase Landmark Medical Center. more
Mortgage activity rises in tri-state area in 2012
Overall mortgage activity reached a five-year high in Massachusetts in 2012, with refinance mortgages dominating 83 percent of the market share, according to new data from The Warren Group’s Mortgage MarketShare Module. more
Newport Fed’s bottom line falls 65% in 1Q
Newport Bancorp Inc., parent of Newport Federal Savings Bank, saw its bottom line fall 64.9 percent year over year during the first quarter of 2013. more
| 4/19/13
Banneker Industries named Supplier of the Year
Supply chain management solutions provider Banneker Industries Inc. has been selected as the 2013 Supplier of the Year by the Greater New England Minority Supplier Development Council. more
| 5/6/13
CVS’ Merlo helps
kick off The Garage
CVS Caremark Corp. President and CEO Larry Merlo on Tuesday told an audience of about 500 business, government and organizational leaders that success begins with an innovative idea. more
Pawtucket ends FY2012 with surplus
The city of Pawtucket’s general fund ended fiscal 2012 with a surplus of $2.7 million, according to an annual report from an independent auditor. more
| 3/4/13
Earth Day pledge: URI, JWU, RWU to reduce campus food waste
In an effort to stave nearly 1.64 million tons of food waste across New England, the U.S. Environmental Protection Agency’s Food Recovery Challenge (FRC) has brought on 26 regional colleges and universities, including three in Rhode Island. more
U.S. stock futures drop as Cyprus bank levy renews euro concern
U.S. stock-index futures fell as euro-area leaders imposed a levy on Cypriot bank deposits to cut the cost of a bailout, sparking concern the measure may one day be used in the bigger economies of Spain or Italy. more
U.S. takes payroll-tax increase in stride to keep spending
Consumers and businesses are treating higher payroll taxes and federal spending cuts as just a speed bump for a U.S. economy poised to accelerate later this year. more
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