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Court-ordered settlement talks between the state and Rhode Island public employees and retirees over cuts in pension benefits have broken down, sending the dispute to trial, both parties in the case said Friday. more
The number of Americans filing applications for unemployment benefits rose more than forecast last week after reaching a six-month low, a sign that progress in the labor market remains fitful. more
Rhode Island’s foreclosure rate fell to 2.1 percent in February from 3 percent a year earlier, but remained slightly higher than the national rate of 1.9 percent, according to a report released Thursday by real estate data firm CoreLogic. more
CVS Caremark Corp. said Thursday its charitable trust awarded grants to 70 school and community health centers and clinics nationwide, part of a multi-year, $5 million effort to partner with organizations that provide health care to traditionally underserved populations. more
Royal Bank of Scotland Group PLC, Britain’s biggest government-owned lender, hired Ewen Stevenson from Credit Suisse Group AG as chief financial officer. more
Rhode Island ranks among the worst states for transparency of government spending data, according to a study by the U.S. Public Interest Research Group Education Fund released Tuesday. Rhode Island’s overall score of 62 out of a possible 100 earned the state a grade of D+ and ranked Rhode Island as the ninth least-transparent state in the country. more
(Updated, 4:32 p.m.) Webster Financial Corp., parent company of Webster Bank, N.A., reported net income of $47.8 million in the first three months of 2014, an increase of 2.2 percent compared with the same period last year. more
The U.S. military has sent Congress a $36 billion wish list for equipment and operations that aren’t in the Pentagon’s official budget for the coming fiscal year. more
With the onset of spring, New England businesses are relying on improved consumer confidence and higher sales to drive economic recovery after a difficult first quarter affected by severe winter weather, according to the Federal Reserve Board’s Beige Book released Wednesday. more
Rhode Island’s economic outlook ranked No. 41 among the 50 U.S. states according to the 2014 ALEC-Laffer State Economic Competitiveness Index released Tuesday by the American Legislative Exchange Council. Rhode Island’s ranking at No. 41 in the 2014 report was an improvement over last year, when the Ocean State landed at No. 45. more
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