Government
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Small businesses would be able to write off capital purchases more quickly under a $73.1 billion tax reduction passed Thursday by the U.S. House of Representatives. more
The United States is preparing to sue Bank of America Corp. amid an impasse in talks to resolve government probes of the lender’s sale of mortgage-backed bonds before the financial crisis, a person familiar with the matter said. more
The four health insurance companies doing business in Rhode Island have filed their 2015 insurance rate requests with the R.I. Office of the Health Insurance Commissioner, and the period for public comment has begun. more
The University of Massachusetts board of trustees finance committee voted unanimously on Wednesday to approve a tuition and fee freeze for in-state undergraduate students for a second consecutive year. more
The R.I. General Assembly on Tuesday passed two new laws to streamline the state’s regulatory reform process and eliminate statutes exempting certain rules and regulations from review. more
Siemens AG is in talks with Mitsubishi Heavy Industries Ltd. about a joint bid to buy Alstom SA’s energy business and counter a $17 billion offer by General Electric Co. more
Gov. Lincoln D. Chafee on Tuesday announced $2.1 million in funding under the Governor's Workforce Board and the R.I. Department of Human Services for youth summer employment programs. more
President Barack Obama signed into law a $12.3 billion water-projects plan that will pay for deepening ports for bigger ships, cutting costs for exporters. more
(Updated, 5:15 p.m.) Cornish Associates LP has added to its Westminster Street portfolio again. The Providence firm responsible for much of the residential redevelopment of downtown has purchased the historic Lapham Building for $2.7 million, director of development Steve Durkee confirmed Monday. more
A temporary tax holiday for U.S. companies to repatriate offshore profits would cost the government $95.8 billion in revenue over the next decade, according to the Joint Committee on Taxation, a nonpartisan scorekeeper for Congress. more
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