Updated May 25 at 4:09pm
Local News
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Retail sales showed a broad-based gain in June, which probably helped the U.S. economy rebound in the second quarter. more
More than two-thirds of U.S. roadways are in need of repair and the poor condition of the nation’s transportation network results in billions in extra costs, according to a White House report. more
The National League of Cities coalition has selected Providence as one of eight cities nationwide to receive a two-year grant of up to $260,000, building on previous funding that supported the development of a city outreach campaign to enroll children and families in RIte Care, the state’s Medicaid-managed care program for low-income families. more
The Lifespan health system announced a new tobacco use policy on Monday under which its employees who use tobacco products will pay a $600 annual surcharge to their medical benefits. more
Gas prices dropped another 2 cents in Rhode Island this week while Massachusetts prices were unchanged, according to the weekly survey by AAA Southern New England. more
U.S. stocks advanced, after the Standard & Poor’s 500 Index posted its biggest weekly loss in three months, on an increase in takeover activity and better-than-forecast earnings from Citigroup Inc. more
The University of Massachusetts on Monday announced $865,000 in grants under the President’s Science and Technology Initiatives Fund to support seven faculty research projects ranging from climatology and wind energy to health care and laser technology. more
Modest gains in economic momentum in May hold promise for Rhode Island this summer, University of Rhode Island economist Leonard Lardaro said in his latest Current Conditions Index, but as usual that is only part of the story for the Ocean State. more
U.S. stocks fluctuated, with the Standard & Poor’s 500 Index poised for its worst week since April, as investors weighed the implications of a corporate debt crisis in Portugal and assessed earnings reports. more
President Barack Obama will announce today that 26 companies including Woonsocket-based CVS Caremark Corp., Apple Inc., Johnson & Johnson and Coca-Cola Co. are committed to speed payments to their suppliers that are small businesses. more
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