Updated May 1 at 5:24pm
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Orders for U.S. durable goods climbed less than forecast in March as demand for capital equipment remained weak, a sign that a diminished growth outlook is impeding investment. more
The secretary of the commonwealth last week charged State Street Global Marks LLC with violating the state securities act, alleging the company for years has overcharged custodial clients by its holding company: State Street Corp. more
Savings Institute Bank & Trust last week awarded Jason White, vice president and director of IT, the “President’s Award,” given each year to an employee who “exemplifies the bank’s core values and goes above and beyond in the performance of their job.” more
Washington Trust Bancorp last week provided $2.5 million in commercial financing to the Ronald McDonald House of Providence and was named to Keefe Bruyette & Woods Inc.’s 2015 Bank Honor Roll. more
Easy Mortgage Apps, a mobile-first, mortgage-lending platform, has opened an office in Providence, capping off a three-month growth spurt for the startup. more
Bruce Van Saun is chairman and CEO of Citizens Financial Group Inc., the state’s largest bank with $140.1 billion in total assets. Van Saun talks with Providence Business News about the bank’s first-quarter earnings, its exposure to the struggling oil and gas markets and the Rhode Island economy. more
The owner of Providence Place mall plans to replace two levels of the vacant J.C. Penney Co. retail store with additional parking, part of an estimated $20 million renovation package that also will modernize the parking payment system for the mall. more
After announcing, then dropping a statewide tourism slogan, the R.I. Commerce Corp. picked up where it left off, moving forward Monday with a campaign to better define and promote the state to potential visitors. more
RespectAbility said that Rhode Island, as of 2014, ranked 32nd in employment of disabled persons, with only 33.9 percent of all 63,400 working-age Rhode Islanders who identify as disabled being employed. more
Charging for trash collection, selling the public golf course, increasing the meal and beverage tax, asking more of non-tax-paying entities and renegotiating pension and health care agreements with city employees are just a few of several ideas being floated to help Providence fix its fiscal problems. more
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