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Billionaire Steven Cohen’s SAC Capital Advisors LP, the hedge fund firm accused of fostering a culture of rampant insider trading, has agreed to plead guilty to a federal indictment and pay $1.8 billion, the U.S. said. more
Gasoline prices fell another nickel in Rhode Island, and dropped 4 cents in Massachusetts, according to the weekly survey by AAA Southern New England. more
The Rhode Island Bays, Rivers and Watersheds Coordination Team announced Monday that it will dedicate roughly $900,000 to stormwater management, maritime economic development, climate change adaptation and freshwater monitoring in fiscal year 2014. more
The Dutch government’s decision to hold onto U.S. mortgage debt acquired during the 2009 bailout of ING Groep NV has paid off so far as prices of the securities soared, more than doubling in some cases from lows that year. more
Growth in the number of homeless people over age 50 is the latest trend in Rhode Island and across the country that Crossroads Rhode Island believes warrants both attention and action. more
(Updated, 5:30 p.m.) Michael Integlia & Co. has purchased the Elizabeth Mill Building, part of the former Leviton property on Jefferson Boulevard, and will announce plans to redevelop it at an event with Warwick and state officials Wednesday morning, company President Michael Integlia Jr. said Friday. more
The South Eastern Economic Development Corp. recently closed on six small-business loans to Rhode Island businesses, under the U.S. Small Business Administration’s 504 and microloan program. more
Capital Properties Inc., thanks to the continuing underperformance of its petroleium storage facility, posted a net loss of $65,000 in its third quarter, a reversal of a $514,000 profit a year earlier. more
Manufacturing grew in October at a faster pace than forecast, showing U.S. factories were a source of strength for the economy at the start of the fourth quarter. more
Hasbro Inc. will pay $72.9 million in royalties to Johnson Research & Development Co., the licensor of the toymaker’s line of Nerf guns, after an arbitration hearing over the terms of a license agreement between the two companies. more
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