Updated August 31 at 5:31pm
Local News
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Capital Properties Inc., which owns a large portion of the Capital Center Special Development District in Providence as well as a petroleum storage facility in East Providence, reported third-quarter net income of $576,000, or 8 cents per share, a 28.6 percent increase over the prior-year quarter when the firm reported net income of $448,000, or 7 cents per share. more
(Updated 10:38 a.m. and 12:13 p.m.) “It’s back!” exulted Sail Newport Executive Director Brad Read. Word at a packed press conference at the Statehouse Friday morning of the return of the Volvo Ocean Race to Newport in May of 2018 had already seeped out, thanks to a Sail Newport magazine distributed on every seat at the event. more
Household spending rose less than forecast in September, showing the biggest part of the U.S. economy ended a strong quarter on a weak note. more
Royal Bank of Scotland Group PLC, the lender that spun off Citizens Financial Group Inc. last year, raised $2.6 billion with the sale of its last shares in the U.S. regional bank. more
Rhode Island’s Board of Education has approved a five-year strategic plan intended to better prepare students across the public education system and make the state more competitive. more
MassChallenge on Wednesday awarded $1.5 million to 16 burgeoning enterprises, including one from Rhode Island. more
(Updated 1:32 p.m.) Anya Rader Wallack is leaving her position as director of HealthSource RI almost a year after she took the job. more
(Updated 1:34 p.m.) Rhode Island ranked 42nd among the states, while Massachusetts ranked second, in fall 2015 hospital safety scores released by The Leapfrog Group this week. more
Older drivers experience the highest level of distraction when it comes to dealing with technology in today’s modern vehicles, research from the AAA Foundation for Traffic Safety released this week said. more
Real gross domestic product increased at an estimated annual rate of 2 percent in the third quarter in Massachusetts, according to the MassBenchmarks Current Economic Index released Thursday. more
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