Updated January 16 at 12:26am
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A semiannual "State of the States" report released in October by Conning, a Hartford, Conn.-based investment management firm, ranked Rhode Island 41st, tied with New York, among the 50 states in terms of municipal credit health – a slip of four … more
For those thinking that the finalized reforms to the state-worker pension system took care of all its issues, think again. The outstanding problem is the fund's assumed rate of return. At the moment it is 7.5 percent. And with the reforms, … more
A R.I. Superior Court judge this week decided to postpone the civil suit regarding 38 Studios LLC, as several pretrial motions are still pending. more
Rhode Island’s $7.7 billion pension fund terminated investments in seven hedge funds, including Brevan Howard Asset Management and Och-Ziff Capital Management Group LLC, after voting last month to cut its allocation in half over two years. more
New overtime pay requirements take effect Dec. 1, and though they were announced in May by the U.S. Department of Labor, there's still plenty of confusion among local employers about how to apply the changes. According to the agency, … more
PROVIDENCE – The R.I. Commerce Corp. has agreed to a $25.6 million settlement with two more defendants in the ongoing 38 Studios LLC civil lawsuit. The proposed settlement is between Commerce RI, formerly known as the R.I. Economic … more
A first tenant has opened for business at the Marine Commerce Terminal in New Bedford, and it's in the business of exporting something very familiar to Rhode Islanders. Scrap metal: the commodity New England waterfronts can't seem to get … more
Despite various objections, a Superior Court judge on Tuesday approved a $25.6 million settlement between two defendants and the state in the ongoing 38 Studios LLC civil lawsuit. more
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