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The Pentagon will cut 17 of the 343 F-35 fighters it planned to buy from Lockheed Martin Corp. in fiscal 2016 through 2019 unless Congress repeals automatic budget cuts, according to a new Defense Department report. more
Virtual technology developer Worlds Online Inc. has signed a letter of intent to acquire Sigal Consulting LLC, a Massachusetts-based firm that specializes in licensing and developing medical marijuana facilities, including the Thomas C. Slater Compassion Center in Providence. more
Bank of America Corp., the second-biggest U.S. lender, swung to a surprise loss as the company booked $6 billion of costs tied to mortgage disputes. more
The University of Rhode Island broke ground Wednesday morning on a new LGBTQ Center on Upper College Road scheduled to open next spring. The groundbreaking took place at the site of the old Ruggles House, a vacant URI building at 19 Upper College Road that will be demolished to make way for the $2.1 million, 4,300-square-foot facility. more
LIN Media LLC directors structured Media General Inc.’s $1.6 billion buyout of the local TV-station operator in a way that unfairly benefits private-equity firm HM Capital Partners LLC over other shareholders, a pension fund claimed in a lawsuit. more
Solar manufacturer SunPower has named Beaumont Solar Co. the New England 2013 Dealer of the Year, an award presented to regional dealers of SunPower products that demonstrate exceptional customer service, knowledge and leadership in their region of the United States. more
Technology firm 121Nexus, an alumnus of the Betaspring accelerator program, officially launched its new track-and-trace technology for the medical device industry at the DEMO Enterprise Conference in San Francisco on April 3. more
Executive vice president of product and operations for New York technology firm Intralinks talks about the IE Brown Executive MBA program. more
Hexagon Metrology last week announced the next generation of its Romer Absolute Arm, a portable measuring arm designed with improved ergonomics, a new wrist design and greater stability to reduce operator fatigue. more
Rhode Island Innovation Fellows Amy Bernhardt and David Dadekian will pursue projects in the textile and food industries respectively, the Rhode Island Foundation announced Wednesday. Bernhardt’s project, Colorfast, will establish a research and manufacturing facility to design digitally printed textiles, while Dadekian’s project, the Eat Drink Rhode Island Central Market, would include a public market and tourism and educational components. more
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