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Wind energy credits extended in tax bill
The extension of wind energy tax credits is included in the passage of the bill to avert the “fiscal cliff” late New Year’s Day. The bill now moves to President Barack Obama for his expected signature, according to a release from the American Wind Energy Association. more
Defense contractors gain reprieve on cuts without long-term fix
Defense contractors led by Lockheed Martin Corp., General Dynamics Corp. and Raytheon Co. gained a reprieve from U.S. spending cuts that may prove short-lived. more
Truesdale Farm, Cedar Point sales set 2012 records
A beachfront farm in Westport and seaside estate in Jamestown have sold for a combined $16.2 million, Gustave White Sotheby’s International Realty announced. more
BLS: R.I. women earned 81.4% what men did in 2011
Women in Rhode Island earned 81.4 percent of the average wage for men in 2011, according to a new report from the U.S. Bureau of Labor Statistics. more
Tax amnesty program collected final total of $22.4M
Rhode Island collected a total of $22.38 million in back taxes under this fall’s tax amnesty program, the R.I. Department of Revenue said Wednesday. more
| 1/2/13
BofA joins JPMorgan in having units ripe for sale, Mayo says
Bank of America Corp.’s brokerage and JPMorgan Chase & Co.’s asset-management division are among businesses ripe for divestiture if U.S. banks break up to improve stock prices, according to CLSA Ltd.’s Mike Mayo. more
2013 brings minimum wage increase for R.I. workers
On Jan. 1, Rhode Island’s minimum wage rose 35 cents to $7.75 an hour, increasing the average minimum wage worker’s annual pay by $510. more
| 1/2/13
URI scientists contribute to book on salt marsh restoration
University of Rhode Island scientists were contributing authors and editors of a new book on the restoration of salt marshes, which includes case studies based on URI research, the school announced Wednesday. more
| 1/2/13
Foreclosure starts rise, completions fall in Bristol County, Mass. in Nov.
Bristol County, Mass. foreclosure starts rose 6 percent in November while finished foreclosures dropped 35 percent compared with the same period in 2011, The Warren Group said Wednesday more
Covidien’s Mallinckrodt lands FDA approval for ADHD drug
Mallinckrodt, the pharmaceuticals business of biotechnology giant Covidien PLC, has received approval from the U.S. Food and Drug Administration to manufacture and market a generic version of its Concerta tablets for the treatment of attention deficit hyperactivity disorder, the company announced Monday. more
| 12/31/12
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