Local News
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Salve Regina University has named Scott C. Zeman, a dean at St. Thomas University, as its next provost and vice president for academic affairs. Zeman will start in his new post effective July 1. more
The number of Americans filling for unemployment insurance payments last week hovered near the lowest level in almost seven years, showing the job market is making progress. more
The average weekly wage in Providence County rose to $1,015 in the fourth quarter of 2013, a 2 percent increase over the same period the year earlier, the U.S. Bureau of Labor Statistics reported Thursday. more
Partridge Snow & Hahn LLP is growing again, this time adding nine attorneys as it opens a Boston office. The new attorneys are former members of Craig and Macauley, a Boston-based firm, including two of the founders. Four of the new members of PSH will join on May 1 as partners, while three will assume roles as senior counsels and two as associates. more
Bank of America Corp. and the New York Stock Exchange were among dozens of exchanges, brokerages and traders sued over high-frequency trading by the city of Providence over claims they rigged securities markets to divert billions of dollars from buyers and sellers of shares. more
A biologist and theologian at Providence College has been awarded a major national health grant to support research of a gene linked to several human cancers. more
Raytheon Co., the world’s largest missile maker, reported a 6.3 percent decline in first-quarter sales, reflecting a slowdown in the federal marketplace. The shares fell the most since November 2012. more
The U.S. economy barely grew in the first quarter as harsh winter weather chilled investment and exports dropped. The expansion stalled even as consumer spending on services rose by the most in 14 years. more
Nortek Inc. announced Wednesday that it has completed its acquisition of the heating, ventilation and air conditioning business of Thomas & Betts Corp., a wholly owned subsidiary of international power and automation manufacturer ABB Ltd. more
Mayor Angel Taveras unveiled a $678.4 million city budget proposal for fiscal 2015 Tuesday that would maintain the current residential and commercial tax rates. more
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