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38 Studios tells court it missed sales goal
In a reversal of public statements made in the wake of the revelations of its financial difficulties, executives of 38 Studios LLC told U.S. Bankruptcy Court in Delaware that its its first product, the video game “Kingdoms of Amalur: Reckoning,” did not meet its sales expectations. more
| 7/10/12
Starkweather acquires Sturbridge, Mass., firm
Starkweather & Shepley Insurance Brokerage Inc., the state’s largest independent insurance agency, announced today that it has acquired Insurance Professionals of New England, a Massachusetts-based agency. more
Job openings in U.S. climbed in May as hiring accelerated
Job openings in the U.S. increased in May, signaling some employers saw a need to take on staff even as the global economy slowed. more
Twin River spends $579K on gaming campaign
Twin River has spent $578,741 since the beginning of March on campaigns encouraging voters to support the expansion of gambling in the Ocean State in the upcoming election, reported Rhode Island Public Radio. more
| 7/10/12
Warwick City Council approves union contracts
Monday evening, the Warwick City Council unanimously approved three contracts with the city’s municipal employee, police and firefighters’ unions. more
38 Studios starts liquidation
Former Red Sox pitcher Curt Schilling’s defunct videogame company 38 Studios LLC begins liquidation Tuesday, news sources report. more
| 7/10/12 | 1 comment
I-195 Redevelopment Commission delays Dyer St. land sale
The Interstate 195 Redevelopment District Commission delayed action Monday night on a proposed sale of a slice of Dyer Street land to Brown University in order to gather more information about the transaction. more
U.S. stock futures rise as concern over Europe’s crisis eases
U.S. stock futures advanced, indicating the Standard & Poor’s 500 Index will snap three days of losses, as concern over Europe’s debt crisis eased after the region’s officials took steps to protect Spanish banks. more
Coastal Medical named R.I.’s first Shared Savings ACO
Coastal Medical Inc., Rhode Island’s largest primary care group practice, was one of 89 medical organizations designated as an accountable care organization, the Centers for Medicare and Medicaid Services announced on late Monday. more
RI-CAN’s Butke to step down
Maryellen Butke, the founder and executive director of RI-CAN – the Rhode Island Campaign for Achievement Now – is stepping down after two and a half years as the advocacy group’s executive director. more
| 7/9/12
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