Updated May 27 at 7:27pm
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The cost of living in the U.S. rose more than forecast in May, reflecting broad-based gains that signal inflation will move closer to the Federal Reserve’s goal. more
The R.I. Department of Revenue collected $7 million more than expected in May, resulting in a 3.2 percent monthly total general revenue surplus compared with the state’s original revenue projections, the department reported Tuesday. more
The owners of the Regency Plaza Apartments in downtown are planning to build a new 134-unit rental building on the Broadway side of the complex. more
Rhode Island is one of 17 states and the District of Columbia that did not have a teacher preparation program on the national “top ranked” list of the 2014 Teacher Prep Review released Tuesday by the National Council on Teacher Quality. more
The R.I. Senate on Monday approved the $8.7 billion state budget for fiscal 2015 by a vote of 32-5, submitting for the governor’s signature a spending plan that cuts the state’s corporate and estate taxes, provides for repayment of the 38 Studios bonds, eliminates the Sakonnet River Bridge tolls and adds $33.4 million in education funding. more
JPMorgan Chase & Co. engaged in a “pattern of discriminatory” lending that led to foreclosures, the city of Miami said in a lawsuit filed last week in federal court, the latest in a series of similar claims against the nation’s largest banks. more
Bank Rhode Island’s BizHub website has generated a strong response to the resources offered and the spotlight on featured companies in the nine months since it was introduced, according to a June 3 update on the site from the bank. more
Greenwood Credit Union has become part of the Co-Op Shared Branch national network that offers members the ability perform bank transactions at thousands of shared locations. more
Bristol County Savings Bank has been designated an SBA Preferred Lender, according to an announcement by the Massachusetts District of the U.S. Small Business Administration on June 12. more
Representatives of AllianceBernstein Investments, program manager for the Rhode Island CollegeBoundfund , the 529 college savings plan, sponsored a seminar for financial advisers and attorneys on May 29 as part a national education day on the program. more
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