Local News
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Rhode Island was among the top five states last month with delinquent mortgages, and also ranks fifth among states with the highest percentage of “underwater” properties in the second quarter, according to information released Thursday by two separate real estate data tracking firms. more
(Updated, July 10, 11:02 a.m.) Cape Wind Associates LLC has a tentative agreement to lease 14 acres at Quonset Business Park in North Kingstown as a staging area to build its planned 130-turbine windfarm off the coast of Massachusetts, the Quonset Development Corporation said Wednesday. more
(Updated, June 17, 10:16 a.m.) A Boston-area laboratory-space firm has partnered with local medical investors to propose a life sciences accelerator on the former I-195 land known as The Link. more
Media General announced Wednesday that it has entered into definitive agreements to sell several of its assets – including WJAR-TV NBC 10 – to meet the regulatory requirements of its merger with Providence-based LIN Media, the parent of WPRI-TV 12. more
Swipely, a payment- and customer-analytics platform for local merchants, announced Thursday that it has has completed a $20 million Series C round of financing led by the Chicago-based Pritzker Group. more
More than two-thirds of U.S. roadways are in need of repair and the poor condition of the nation’s transportation network results in billions in extra costs, according to a White House report. more
Washington Trust Bancorp Inc., parent of The Washington Trust Co., posted earnings of $9.8 million for the second quarter of 2014, an increase of 9.1 percent over net income of $9 million in the second quarter of 2013. more
The New Bedford Whaling Museum broke ground Monday on a new 17,000-square-foot education center and research library. more
The Rhode Island unemployment rate has dropped to 7.9 percent in June, its lowest level since July of 2008, according to the R.I. Department of Labor and Training. Nationally, however, the Rhode Island unemployment rate remains 1.8 percent higher than the U.S. average of 6.1 percent for June. more
Providence Business News has chosen the winners of the 2014 40 Under Forty competition, to be honored Thursday, July 24, at Salve Regina University’s Ochre Court in Newport. The men and women of the 2014 class were selected from more than 100 applicants, based on career success and community involvement. more
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