Government
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Providence, workers reach retirement deal
Providence has reached a tentative agreement with its current and retired workers on a package of benefit cuts large enough to keep Providence out of bankruptcy and end a high-stakes court fight. more
April jobless rate drops in Providence metro
Unemployment rates were lower year over year in April for 342 of the nation’s 372 metropolitan areas, including the Providence-Fall River-Warwick metro area, according to the U.S. Bureau of Labor Statistics. more
| 5/30/12
Pawtucket, Central Falls team up for riverfront planning
The cities of Pawtucket and Central Falls have teamed up with The Pawtucket Foundation and a consulting firm to conduct market analysis and pre-development real estate advisory services for a riverfront revitalization project. more
| 5/30/12
Obama frees R.I., 7 other states from ‘No Child’ testing rules
President Barack Obama freed eight states, including Rhode Island, from provisions of the No Child Left Behind education-testing law after they pledged to turn around low-performing schools and tie teacher evaluations to student achievement. more
Chafee stands firm against Schilling accusations
Gov. Lincoln D. Chafee Tuesday rejected 38 Studios LLC founder Curt Schilling’s suggestion that Rhode Island sabotaged the beleaguered video game company and drove potential investors away with public comments about its potential demise. more
R.I. nonprofits face June deadline
Rhode Island’s 7,900 nonprofit businesses are required to file their annual reports with the Secretary of State’s office during June. more
| 5/29/12
38 Studios’ former employees in high demand
Rival game companies are lining up to hire the recently unemployed staff of 38 Studios LLC, former Boston Red Sox pitcher Curt Schilling’s embattled gaming company, according to Boston.com. more
| 5/29/12
TD Bank settles overdraft litigation for $62M
Toronto Dominion Bank agreed to pay $62 million to settle lawsuits accusing it of charging customers excessive overdraft fees. more
| 5/29/12
Mass. approves lowest NSTAR rates since ’04
BOSTON – The Mass. Department of Public Utilities has approved NSTAR’s lowest electric rates since 2004. more
5/28/12
Janney assists R.I. with $123M GO bond
PHILADELPHIA – Janney Montgomery Scott LLC, a full-service wealth-management, financial-services and investment-banking firm headquartered in Philadelphia, has announced the successful closing of the state of Rhode Island’s $122.95 million general-obligation bond issue, which sold on April 24. more
5/28/12
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