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It’s still a tepid recovery, says Lardaro
Flawed labor market data continues to confuse assessment of the state’s economic recovery, University of Rhode Island economist Leonard Lardaro reports in his latest Current … more
Cornell joins MIT in scaling back aid even as endowments rise
Cornell University and Massachusetts Institute of Technology are scaling back financial assistance to students, adding to the burden of families already coping with climbing college costs. more
100-year-old Caboose heads to auction
One of Rhode Island’s last original cabooses, part of the original Narragansett Train Station, is to go to auction on Saturday, Aug. 18. more
Nortek moves into the black in 2Q
Nortek Inc. reported net income of $18.5 million, or $1.19 per diluted share, during the second quarter of 2012, compared with a net loss of $31.9 million, or $2.11 per diluted share a year earlier, the company announced late Thursday. more
| 8/10/12
Sea Corp lands $29M NUWC contract
Systems and engineering services supplier Sea Corp was awarded a $29 million contract to provide laboratory support services, fabrication, repair, installation and maintenance services to the Naval Undersea Warfare Center in Newport. more
Towerstream posts $4.8M net loss in 2Q
Towerstream Corp. posted a $4.8 million, or 9 cents per share, net loss during the three months ended June 30 compared with a net loss of $812,000, or 2 cents per share, during the same period in 2011. more
Blue Cross, Care New England move toward new contract
Blue Cross & Blue Shield of Rhode Island and Care New England have signed a letter of intent to reopen their current contract and create a new, five-year “partnership” that repositions reimbursements according to new global payment and quality metrics. more
Land appointed 38 Studios receiver
Richard J. Land, an attorney with Chase Ruttenberg & Freedman LLP, has been appointed state receiver in the 38 Studios LLC bankruptcy case, Gov. Lincoln D. Chafee announced Thursday. more
Initial unemployment claims in R.I. drop 28% in 2Q
During the second quarter of 2012, 1,452 Rhode Islanders workers filed initial claims for unemployment, a 27.8 percent drop from the 2,011 workers who filed initial claims during the second quarter of 2011. more
Crime lab receives $200K to clear DNA sample backlog
Rhode Island will receive a $200,000 federal grant to help reduce the backlog of unprocessed DNA samples at the R.I. Department of Health’s Forensic Sciences Laboratory, U.S. Sens Jack Reed and Sheldon Whitehouse announced Wednesday. more
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