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Fitch ranks RISD bonds ‘A+,’ outlook ‘stable’
Fitch Ratings – a globally recognized rating agency – has affirmed an “A+” grade to the Rhode Island School of Design’s $61 million in higher education facilities revenue refunding bonds and rated the outlook stable. more
| 6/13/12
U.S. stocks advance amid speculation of more economic stimulus
U.S. stocks advanced, rebounding from yesterday’s decline, amid speculation the Federal Reserve will take steps to stimulate the economy and after the European Central Bank endorsed a plan to guarantee bank deposits. more
Minimum wage hike heads to Chafee for approval
The Ocean State’s lowest earners could be getting their first pay bump in five years as legislation heads to Gov. Lincoln D. Chafee for approval, according to the Associated Press. more
| 6/12/12
Textron’s Cessna signs agreement with NetJets Inc.
Textron subsidiary, Cessna Aircraft Co., has signed a purchase agreement with Berkshire Hathaway subsidiary NetJets Inc. more
Hospital Conversions Act passed in Senate
With the unanimous positive vote by the R.I. Senate on Monday evening, legislation changing the Hospital Conversions Act has been sent to the governor’s desk to be signed. more
WaterFire, Community MusicWorks win ArtPlace grants
WaterFire Providence and Community MusicWorks, a musicians-in-residence based educational nonprofit in the city’s West End, have been awarded grants from ArtPlace, a philanthropic collaboration of high-profile foundations in partnership with the National Endowment of the Arts. more
Mortgage applications on the rise in R.I.
Increased home sales and low mortgage rates have led to increased mortgage activity in New England, according to data from The Warren Group’s Mortgage MarketShare Module. more
| 6/12/12
America’s Cup cargo unloaded in Quonset
Workers began unloading the first of the cargo for the America’s Cup on Monday, June 11 at the Port of Davisville. more
| 6/12/12
Amgen gets high court review of class-action stock fraud suit
The U.S. Supreme Court will decide whether investors must prove that misinformation from Amgen Inc. propped up its stock price before they can pursue a class-action stock-fraud suit against the world’s largest biotechnology company. more
Google hosts day-long business program in R.I.
All day Monday, Google is leading Rhode Island Get Your Business Online event at the Convention Center. more
| 6/11/12
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