Updated March 29 at 12:29am
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State Street Corp. is eliminating 400 jobs, about 1.4 percent of its workforce, in a fourth round of cuts since 2010 as the third-largest custody bank seeks to reduce expenses to combat the impact of low interest rates. more
Betaspring hosted more than 300 community supporters, investors and Betaspring alumni Thursday for an open house introducing the accelerator’s spring 2014 class of startups. more
Consumer confidence rose in April to a nine-month high, showing Americans are growing more upbeat about the economy as the labor market gains traction. more
Bank of America Corp. could post a second-quarter loss because of costs tied to resolving federal and state probes into the sale of mortgage bonds, according to Portales Partners LLC. more
Rhode Island hotel tax collections fell 2.8 percent in February to $126,603 compared with $130,278 in February 2013, the R.I. Department of Revenue reported Friday. more
Global biotech firm Covidien PLC reported Friday that its net income rose five-tenths of a percent in its fiscal second quarter, totaling $441 million, or 97 cents per diluted share, compared with $439 million, or 92 cents per diluted share, during the same period a year earlier. more
The median price of Rhode Island single-family homes sold in March rose 8 percent compared with the same period last year, the Rhode Island Association of Realtors said Friday. more
Children’s Friend holds its 12th annual Children’s Friend 5K Walk & Run, sponsored by Panera Bread, on Saturday, April 26. more
he city will celebrate its 375th anniversary on April 28 with publication of a new book, exhibits and the launch of reproduction shoes. more
Hollywood actor Alec Baldwin is lending his name to a Baldwin for Books fundraiser for the Adams Memorial Library and visiting Rhode Island for the event. Baldwin will attend a private VIP reception for sponsors at the library on June 7, and then present dramatic readings at the public literacy fundraiser at Fete in Providence’s Olneyville neighborhood. more
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