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The Pioneer Institute has found that the 105 separately-managed public-employee pension plans in Massachusetts are wasting $25 million each year, reported the Boston Business Journal. more
A.T. Cross Co. saw its bottom line fall 15.6 percent to $3.1 million, or 24 cents per diluted share, from the second quarter of 2012 to the second quarter of 2013, the personal- and business-accessories maker announced after the market closed on Wednesday. more
Raytheon Co., the world’s largest missile maker, raised its full-year earnings outlook as international defense sales helped it beat analysts’ second- quarter profit estimates. more
Nurses at Women & Infants Hospital distributed leaflets on Wednesday afternoon to draw attention to what they claimed was a declining standard of care at the hospital, according to a news release sent by Patrick Quinn, executive vice president of Local 1199-NE of the Service Employees International Union. more
The R.I. Department of Health will receive $5.9 million to help prepare medical facilities for future disasters, Sens. Jack Reed and Sheldon Whitehouse announced Wednesday. more
The trading price of class A common stock of LIN TV Corp., a local multimedia company, increased approximately 32 percent since the announcement of LIN’s merger agreement with LIN Media LLC, a limited liability company subsidiary, the company said Wednesday. more
The Rhode Island Green Pastures Committee has named Bailey Brook Farm of East Greenwich the state’s Outstanding Dairy Farm of the Year, the Department of Environmental Management announced today. more
In an effort to improve students’ opportunities entering the job market as well as to cultivate future state leaders, Rhode Island College is launching a state-focused education and job training initiative. more
Rhode Island drew more than half its revenue from property taxes, one of the highest rates in the nation, according to new figures released by the U.S. Census Bureau. more
The pension fund for the state of Rhode Island earned 11.1 percent during the 2012 – 2013 fiscal year, a 9.7 percentage point improvement over the 1.4 percent rise during the 2011 – 2012 fiscal year, R.I. General Treasurer Gina M. Raimondo announced, and WPRI.com reported, Wednesday. more
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