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The National Endowment for the Arts has awarded $787,100 in federal matching grants to support new and established art projects, workshops, community arts programs and arts education in Rhode Island. more
Gains in manufacturing are helping power the U.S. out of the winter doldrums, while homebuilding shows signs of lagging behind. more
The Pentagon will cut 17 of the 343 F-35 fighters it planned to buy from Lockheed Martin Corp. in fiscal 2016 through 2019 unless Congress repeals automatic budget cuts, according to a new Defense Department report. more
Virtual technology developer Worlds Online Inc. has signed a letter of intent to acquire Sigal Consulting LLC, a Massachusetts-based firm that specializes in licensing and developing medical marijuana facilities, including the Thomas C. Slater Compassion Center in Providence. more
Bank of America Corp., the second-biggest U.S. lender, swung to a surprise loss as the company booked $6 billion of costs tied to mortgage disputes. more
The University of Rhode Island broke ground Wednesday morning on a new LGBTQ Center on Upper College Road scheduled to open next spring. The groundbreaking took place at the site of the old Ruggles House, a vacant URI building at 19 Upper College Road that will be demolished to make way for the $2.1 million, 4,300-square-foot facility. more
LIN Media LLC directors structured Media General Inc.’s $1.6 billion buyout of the local TV-station operator in a way that unfairly benefits private-equity firm HM Capital Partners LLC over other shareholders, a pension fund claimed in a lawsuit. more
Rhode Island Innovation Fellows Amy Bernhardt and David Dadekian will pursue projects in the textile and food industries respectively, the Rhode Island Foundation announced Wednesday. Bernhardt’s project, Colorfast, will establish a research and manufacturing facility to design digitally printed textiles, while Dadekian’s project, the Eat Drink Rhode Island Central Market, would include a public market and tourism and educational components. more
The R.I. Department of Revenue collected $27.6 million less than expected in March, meaning the monthly total general revenue of $305 million fell 8.3 percent short of the $333 million originally projected, the department reported Tuesday. more
U.S. taxpayers would need to pay an average of $1,259 more a year to make up the federal and state taxes lost to corporations and individuals sheltering money in overseas tax havens, according to a report. more
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