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Blue Cross, Steward square off on contract
A July 25 deadline set by the R.I. Attorney General’s office looms for Steward Health Care to close its deal to acquire Landmark Medical Center of Woonsocket and its sister facility, the Rehabilitation Hospital of Rhode Island in North Smithfield. more
R.I. unemployment rate drops to 10.9%
The state’s unemployment rate dropped to 10.9 percent in June, according to the Rhode Island Department of Labor and Training. more
Rockland parent posts 2Q profit decline
Independent Bank Corp., parent of Rockland Trust Co., posted net income of $8.9 million, or 41 cents per diluted share, for the second quarter, a decline of 20.2 percent when compared with the year-earlier period. more
Alex and Ani to open professional development center
Jewelry designer Alex and Ani LLC will open a professional development center in a Weybosset Street building it has purchased. The location will also house a new retail location will open in late August, CEO Giovanni Feroce told Providence Business News. more
Mass. posts job loss for first time in 7 months
Although the Massachusetts unemployment rate remained at six percent in June, the state’s economy posted its first job losses since November, reported The Boston Globe. more
| 7/19/12
Providence firm designs for London Science Museum
Tellart – a design firm founded and headquartered in Providence – teamed up with Google Creative Lab to develop Web Lab, an interactive exhibit at London’s Science Museum. more
RISD to double payments to Providence
The Rhode Island School of Design will more than double its annual payments to the city, contributing $2.75 million over 11 years in addition to payments made under an existing agreement, the city announced Thursday. more
Textron posts $10.7% rise in 2Q revenue
Textron Inc. – parent of Bell Helicopter, Cessna Aircraft Company and Textron Systems - reported a 10.7 percent increase in its second quarter 2012 revenue when compared with the same 2011 period. more
Americans hold dimmest view on economic outlook since January
The most Americans in six months said the economy in July was getting worse, indicating the slowdown in hiring is dimming moods as the third quarter begins. more
Blue Cross adds new product for large group market
A new health insurance product called VantageBlue was announced Wednesday by Blue Cross & Blue Shield of Rhode Island. The health plan is being targeted at the large group market of employers in Rhode Island with more than 50 employees, according to Blue Cross officials. more
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