Updated October 27 at 3:27pm
Local News
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It was an ambitious goal, but thanks to both corporate and personal contributions, the Station Fire Memorial Park Campaign has raised $2 million and is now planning a spring ceremony to unveil the Memorial Park dedicated to the 100 people who lost their lives on Feb. 20, 2003 in the Station nightclub fire in West Warwick. more
Rhode Island ranked 35th in the nation for $1.6 million in venture capital investment in the third quarter, according to The MoneyTree Report by PricewaterhouseCoopers based on data from Thomson Reuters. more
Output at U.S. manufacturers rose for the third time in four months on production of consumer goods and construction materials, a sign the industry is recovering from a prolonged spell of weakness. more
Bank of America Corp., the second-biggest U.S. lender by assets, said third-quarter profit rose 7.3 percent, beating analysts’ estimates, as revenue from fixed-income trading was better than predicted and expenses fell. more
A change in accounting standards that will require governments to start disclosing the amount of unfunded pension and retiree benefits on yearly balance sheets could put new pressure on public officials to step up payments on these plans, according to speakers at a conference organized by Donoghue Barrett & Singal P.C. and the Rhode Island League of Cities and Towns. more
Nationwide, a new report says that state public employee pension plans are underfunded by nearly $5.6 trillion. At $18.6 billion, Rhode Island’s unfunded liability is one of the smallest among the 50 states, thanks to its size and fewer employed workers. more
Steven G. O’Donnell recently retired as superintendent of the R.I. State Police and commissioner of the R.I. Department of Public Safety, but he isn’t resting on his laurels, having recently been appointed the new CEO of the YMCA of Greater Providence. more
Cash collections increased 5.4 percent, or $33.1 million, to $651 million in the first two months of the fiscal year, the R.I. Department of Revenue said this week. more
Retail sales climbed in September by the most in three months, showing American shoppers began to spend freely again after shying away from merchants earlier in the quarter. more
Wholesale prices in the U.S. rose by more than projected in September, helped by higher costs for energy and food and indicating inflation may be picking up. more
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