Politics
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Defense contractors gain reprieve on cuts without long-term fix
Defense contractors led by Lockheed Martin Corp., General Dynamics Corp. and Raytheon Co. gained a reprieve from U.S. spending cuts that may prove short-lived. more
Wind energy credits extended in tax bill
The extension of wind energy tax credits is included in the passage of the bill to avert the “fiscal cliff” late New Year’s Day. The bill now moves to President Barack Obama for his expected signature, according to a release from the American Wind Energy Association. more
The biggest R.I. stories of 2012
It has been an exciting, if tumultuous, year in the Ocean State. As 2012 comes to a close, Providence Business News looks back on the biggest news stories of the year. more
Pawtucket to form charter review commission
The city of Pawtucket is planning to form a Charter Review Commission, which will review the governing document of the city and make recommendations for potential changes, Mayor Donald R. Grebien announced. more
| 12/31/12
MBTA needs more funding to stave off fare hikes, service cuts
Officials from the Massachusetts Bay Transit Authority need to balance their budget, but they plan to wait until at least March before increasing fares and establishing service cuts in hopes of an increase in funding, reported Boston.com. more
| 12/27/12
Judge orders mediation for pension cases
Superior Court Associate Justice Sarah Taft-Carter has ordered the parties involved in the state pension reform litigation into mediation, the R.I. Judiciary announced Tuesday. more
| 12/18/12
PC to contribute $3.84M to city in PILOT agreement
Providence College has agreed to contribute $3.84 million to the city over the next 10 years as part of a payment-in-lieu-of-taxes agreement, Mayor Angel Taveras and PC President Rev. Brian J. Shanley announced Tuesday at a press conference. more
| 12/18/12
Oil rises for 2nd day in New York on fiscal deal speculation
Oil rose for a second day in New York on speculation that Republicans and Democrats are getting closer to a budget agreement. more
U.S. budget deal would boost economy in 2013, Zandi says
The U.S. economy will fall into “severe recession by the spring” unless Congress lessens the tax increases and spending cuts set to begin in January, said Mark Zandi, chief economist at Moody’s Analytics. more
Chafee chooses EDC official to head agency
Gov. Lincoln D. Chafee plans to nominate William J. Parsons, current managing director of community and business development, to be the next executive director of the R.I. Economic Development Corporation. more
| 11/29/12
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