Government
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Banco Santander SA was fined 12.4 million pounds ($20.5 million) by the U.K. regulator for flaws in investment advice given to customers as the watchdog clamps down on misconduct in consumer lending. more
(Updated, 5:40 p.m.) Newly elected House Speaker Nicholas A. Mattiello on Tuesday promised he would focus on tackling his “No. 1 issue, jobs and the economy.” Lawmakers elected the Cranston Democrat and attorney House speaker by a vote of 61-6 over the other nominee, Rep. Michael J. Marcello, D-Scituate. more
Hotel tax collections rose to $138,139 in January, an increase of 4.1 percent compared with the $132,707 collected during January 2013, the R.I. Department of Revenue reported Tuesday. more
Rhode Island seniors and disabled persons with Medicare prescription drug plan coverage saved $9.9 million, or an average of $709 per person, on their prescription drugs in 2013 through the Affordable Care Act’s Medicare discount program, the Centers for Medicare & Medicaid Services reported last week. more
The R.I. Commerce Corporation Monday approved $1.1 million in Renewable Energy Fund grants to 11 solar projects planned by businesses, housing developments and schools in the state. more
PROVIDENCE – State revenue collections have “outperformed expectations on a fiscal year-to-date basis since September and have showed renewed strength … with the inclusion of February revenue,” state Director of Revenue Rosemary Booth Gallogly said last week. more
PROVIDENCE – The federal government has approved a no-cost extension of Rhode Island’s Race to the Top grant program, Gov. Lincoln D. Chafee announced. more
PROVIDENCE – A General Assembly bill would quadruple Rhode Island’s existing distributed-generation program. more
MALDEN, Mass. – Gov. Deval Patrick on March 14 announced $8 million in state funding for the YouthWorks Summer Jobs Program. more
WASHINGTON – U.S. Sen. Jack Reed helped broker a deal with other senators to restore benefits for the long-term unemployed that expired late last year. more
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