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R.I. to receive $4.5M for Sandy relief
Rhode Island is slated to receive nearly $4.5 million from the U.S. Department of the Interior to help repair historic properties and clean up wildlife refuges damaged by Hurricane Sandy, U.S. Sen. Jack Reed announced Tuesday. more
| 5/8/13
BofA settles ‘big kahuna’ mortgage suit as new case looms
Bank of America Corp. CEO Brian T. Moynihan, who once vowed to wage “hand-to-hand combat” in lawsuits over faulty mortgages, settled one big fight with MBIA Inc. yesterday as another remains unfinished. more
BofA, Wells Fargo to be sued over mortgage deal
Bank of America Corp. and Wells Fargo & Co. will be sued by the state of New York for allegedly violating terms of a $25 billion nationwide settlement over foreclosure practices. more
The Moore Co.’s Fulflex hit with $200K EPA fine
Fulflex Inc., which is owned by The Moore Co., a Providence-based elastics and plastics company, will pay almost $200,000 to the U.S. Environmental Protection Agency for Clean Air Act violations at its Brattleboro, Vt.-based facility. more
| 5/6/13
Vision, not structure, lacking in EDC
More changes appear to be coming for the R.I. Economic Development Corporation, whether Gov. Lincoln D. Chafee wants them or not. Competing House and Senate proposals suggest that whatever ultimately emerges from the General Assembly, the independent governor’s reshuffling of the agency over the past year will not be the final word. more
5/6/13
Patrick seeking federal relief for bombing impact
BOSTON – Gov. Deval L. Patrick has requested federal relief for small businesses and private nonprofits impacted by the Boston Marathon bombing that occurred April 15. more
5/6/13
Are passengers returning to Green?
New R.I. Airport Corporation President and CEO Kelly Fredericks calls himself a “recovering engineer” who’s embraced the marketing, negotiating and cheerleading duties of a modern airport executive. more

By Patrick Anderson
PBN Staff Writer | 5/6/13

Dismantling EDC again on the table
In the wake of the 38 Studios bankruptcy last spring, Gov. Lincoln D. Chafee said he would study consolidating the state’s economic-development arm within the executive branch to prevent a similar debacle from happening again. more

By Patrick Anderson
PBN Staff Writer | 5/6/13

Institute for International Sport director indicted on 18 counts
Daniel E. Doyle Jr., executive director of the Institute for International Sport, has been indicted on 18 counts, including embezzlement and forgery. more
| 5/3/13
Rhode Island joins New England states in legalizing gay marriage
On same-sex marriage, New England is now united. Rhode Island became the 10th U.S. state and final one in the region to make gay weddings legal, after its House of Representatives passed a bill expanding marriage rights to homosexuals. more
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