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Workers in Rhode Island’s three most-frequently employed occupation groups earn less than needed to afford the average two-bedroom apartment in the Ocean State, according to HousingWorks RI’s spring affordable housing report. more
Rhode Island is expected to increase the number of restaurant jobs this summer by 15.6 percent, the fourth-highest projected rate of increase in the United States, according to National Restaurant Association projections. more
More than 100 Rhode Island residents, business owners, state officials, local planners and lawmakers gathered at the Statehouse on Thursday night to kick off RhodeMap RI, a year-long project to create statewide economic development and housing plans that link with strategies for future development, transportation, land use and the environment. more
Medical technology maker Covidien PLC’s board of directors has approved the separation of its Mallinckrodt pharmaceuticals business from the rest of Covidien, the company announced Friday. more
Orders for U.S. durable goods increased more than forecast in April, pointing to gains in business investment that will help manufacturing rebound in the second half of the year. more
U.S. investigators looking into the May 17 Connecticut commuter-rail crash haven’t yet found a clear cause. The fact a broken rail became the most immediate suspect speaks to years of deferred maintenance that have left trouble spots throughout a Washington-Boston network that carries more than 700,000 people a day and dates to the 1800s. more
Rhode Island’s economic outlook ranked No. 45 among the 50 states according to the 2013 ALEC-Laffer State Economic Competitiveness Index released by the American Legislative Exchange Council. Rhode Island’s No. 45 rank represented a slip from last year’s report, in which the Ocean State ranked No. 43. more
The International Tennis Hall of Fame & Museum has become the first sports hall of fame to achieve accreditation status by the American Alliance of Museums. more
(Updated, 1:45 p.m.) Lifespan, Rhode Island’s largest hospital network, is undertaking what it called an “Operational Restructuring Initiative” to trim between $100 and $150 million from $1.7 billion in annual expenses over the next 30 months, hospital officials announced on Wednesday. more
The Providence-Fall River-New Bedford area foreclosure rate fell 0.11 percentage points for March compared with the same period in 2012, CoreLogic said Thursday. more
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