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Providence-based Deepwater Wind New England has been named the provisional winner in an auction held Wednesday for two wind energy sites off the coasts of Rhode Island and Massachusetts. more
Gov. Lincoln D. Chafee Wednesday signed legislation to create an additional enterprise zone in Pawtucket, providing tax incentives to companies in the zone for hiring local workers. more
Bidding for two wind farm lease areas off the coasts of Rhode Island and Massachusetts in federal waters began Wednesday morning through the U.S. Bureau of Ocean Energy Management website. more
KVH Industries Inc. posted a 34.9 percent year-over-year increase in sales in the second quarter of 2013 and saw profit more than triple over the second quarter of 2012, the company reported Wednesday. more
Rhode Island College received a $329,762 grant from the National Institutes of Health for a neuroscience research project, RIC announced Wednesday. more
Growth in the Massachusetts economy slowed considerably in the second quarter of 2013, hamstrung in particular by austerity measures by the federal government, local economy journal MassBenchmarks reported in its Current Economic Index Wedneday. more
Total compensation costs, as well as wage and salary costs, for private industry New England workers increased in the three-month and 12-month periods ending in June 2013, according to the U.S. Bureau of Labor Statistics employment cost index, released Wednesday. more
Local teen Nicholas Lowinger has been selected as one of 10 winners from across the country of the Kohl’s Cares Scholarship Program, which awards $10,000 each to youth who have spearheaded volunteer initiatives, Kohl's Department Stores announced Wednesday. more
The economy in the U.S. grew more than projected in the second quarter reflecting an unexpected pickup in inventory building as consumer spending cooled. more
Schneider Electric SA agreed to buy the U.K.’s Invensys Plc for 3.4 billion pounds ($5.2 billion) to add software and control systems used by chemicals makers, oil refineries, and mining companies. more
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