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The Washington Trust Co.’s growth mode appears to have downshifted a couple of gears as a result of increased competition and difficulties imposed by the state and national economy, even as the Westerly-based bank continued to report areas of improvement for the 2013 second quarter. more
Call it the estate-devouring, nightmare home loan you hope to never encounter: A reverse mortgage with a base interest rate of 9.95 percent, plus a 50 percent share for the lender of increases in value of the house following closing, plus another 2 percent “maturity fee” to sweeten the payout even more. On top of that, there’s a $33,000 mandatory purchase of an annuity by the homeowner that is added to the principal balance and incurs compounding interest while lessening the lender’s future payments to the homeowner. more
(Corrected, 11 a.m., July 29) On the heels of record-setting attendance in 2012, the Preservation Society of Newport County is seeing continuing improvement in 2013. more
Industry groups of all stripes have come to fear the end of the General Assembly session, when unheralded bills affecting their bottom lines can appear suddenly and become law with little debate. more
With energy production a priority around the globe, Scott DePasquale is focused on commercializing Utilidata’s advanced technology to make the electric grid operate more efficiently. The company’s move from Spokane, Wash., to Providence in June 2012 positions Rhode Island as a potential leader in energy technology. more
Investigative reporter – WPRI-TV CBS 12/WNAC-TV Fox 64 (Lin Media) more
Some house hunters will search far and wide for certain vintage details or fall head over heels for a property with the pristine clawfoot tub or stained-glass window they’ve always dreamed of. more
The Providence Business News Executive Poll is a weekly survey of 70 business leaders throughout the state, representing small and large companies in a variety of industries. more
When it comes to big events, people go to great lengths to secure special access to VIP passes, often sporting them like badges of honor. At A Perfect Print LLC of Providence, that demand for distinctive promotional products, such as lanyards, has helped fuel rapid growth over the past three years and doesn’t show signs of stopping. The company’s work has appeared at President Barack Obama’s second inauguration, Ozzfest concerts and National Football League games. General Manager of A Perfect Print Elisa Scittarelli, pictured above, says she gets a “kick out of” seeing A Perfect Print’s distinctive work in high-profile settings. more
The pressure is always on for businesses to adapt to become successful, but in the technology industry, where innovation thrives, companies must work extra hard to find a focus that works both technologically and economically. more
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