Updated June 30 at 11:30pm
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The First Marblehead Corp. has sold a portfolio of private student loans with a principal balance of approximately $19.2 million to Providence-based Citizens Bank, First Marblehead announced on July 1. more
A $701,363 federal grant received by the R.I. Department of Labor and Training will enable the state agency to expand its career services programs to the unemployed. more
Former Alex and Ani CEO Giovanni Feroce is returning to the retail industry with a 93-year-old wristwatch company he intends to resurrect as a military-inspired lifestyle brand, he announced Monday. more
Thanks to a National Park Service grant program, 23 projects in 10 Rhode Island cities and towns are on the receiving end of a total of $2.8 million designed to repair damage done by Hurricane Sandy in the fall of 2012 and to prepare for future potential damage. more
This year’s Independence Day weekend gasoline prices were the most expensive since 2008. At $3.75 per gallon of self-serve, regular unleaded gas, Rhode Islanders are paying 15 cents more than last year. more
U.S. stocks fell from records, led by declines among small companies, as investors weighed valuations and speculated the Federal Reserve may raise interest rates sooner than expected. more
For four years, the U.S. Education Department has threatened to rein in for-profit colleges and their soaring student debt. Now it has found a way. more
(Updated, 12:01 p.m.) U.S.-bound travelers from some overseas airports are being asked to turn on mobile phones and other devices under enhanced security measures from the Transportation Security Administration. more
Europe’s banks face a further $50 billion of legal costs as they catch up with their U.S. counterparts, according to analysts at Morgan Stanley. more
Elmwood Health Center has earned a 2014 Silver Achievement in Quality Award from the American Health Care Association and National Center for Assisted Living. more
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