Updated May 22 at 5:40pm
Local News
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The R.I. Department of Education on Wednesday announced a partnership with The Learning Accelerator to make Rhode Island the nation’s first “fully blended-learning” state, combining traditional teaching methods with personalized, online elements geared toward improving student engagement and achievement. more
Bank of America Corp., the second-biggest U.S. bank, raised its quarterly dividend to 5 cents a share and dropped plans to buy back stock after the Federal Reserve approved its resubmitted capital plan for 2014. more
Kahn Litwin Renza & Co. Ltd. brought in more than $35 million in revenue for the fiscal year ended in December, earning the Providence firm a spot at No. 96 on Inside Public Accounting’s annual ranking of the largest 100 accounting firms in the U.S. more
Rhode Island’s plan to sell $594 million in debt backed by tobacco-company payments was challenged by OppenheimerFunds Inc., which claims the deal violates earlier bondholder rights to revenue related to a 16- year-old accord over health care related costs. more
Plans to build a parking garage near the Garrahy Judicial Complex are moving ahead even though the sale of at least three developable parcels nearby must be completed before construction can begin. more
Service industries in the U.S. expanded in July at the fastest pace since December 2005, showing the economy was building more momentum at the start of the second half of 2014. more
Capital Properties Inc. reported Tuesday that its second-quarter net income rose 79.3 percent to $450,000, or 7 cents per share, compared with $251,000, or 4 cents per share, during the same period a year ago. more
Brown University has been named to Forbes’ 2014 list of the most entrepreneurial universities in the country, joining startup breeding grounds such as Stanford University, the Massachusetts Institute of Technology and the California Institute of Technology. more
Single-family home prices in the Providence-Warwick metro area increased 3.2 percent year over year in June, the same level of growth reported a month earlier in May, according to the CoreLogic Home Price Index report released Tuesday. more
CVS Caremark Corp., the biggest provider of prescription drugs in the U.S., reported profit that beat analysts’ estimates after adding new customers in its pharmacy services business. more
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