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Security Innovation Inc. has acquired Safelight Security Advisors, a Rhode Island company specializing in information security and software-developer training, for an undisclosed sum. more
General Electric Co.’s $17 billion bid for Alstom SA’s energy business is in jeopardy after France gave itself the power to block foreign takeovers in industries it deems strategic. more
The R.I. Department of Revenue collected $20.7 million less than expected in April, resulting in a 6 percent monthly total general revenue shortfall compared with the state’s original revenue projections, the department reported Thursday. more
The R.I. Department of Health has approved CVS Caremark Corp.’s application to open seven MinuteClinic facilities throughout Rhode Island. more
The Rhode Island School of Design Museum is opening galleries to the public in its newly renovated 1926 Eliza G. Radeke Building on June 13. more
Rhode Island will receive more than $2.7 million to clean up properties in Pawtucket, Providence and Westerly that have been designated “brownfields,” where expansion or redevelopment is prevented due to hazardous pollutants or contaminants, the state’s congressional delegation announced Wednesday. more
Nabsys Inc. has begun a search for CEO candidates with experience in life sciences commercialization, as the company moves closer to bringing its high-speed DNA sequencing technology to market, current CEO Dr. Barrett Bready told Providence Business News. more
Royal Bank of Scotland Group PLC, Britain’s largest state-owned lender, plans to cut hundreds of U.S. jobs while shrinking its mortgage-trading business ahead of stiffer capital rules. more
Passenger traffic at T.F. Green Airport declined in April for a fourth consecutive month, dropping 7.6 percent to 305,453 total passengers from 330,423 passengers in April 2013, according to numbers released Tuesday by the R.I. Airport Corporation. more
French President Francois Hollande’s government said General Electric Co. improved its proposal for Alstom SA’s energy business as Chief Executive Officer Jeffrey Immelt pledged to create new jobs, softening its stance on the U.S. company’s takeover plans. more
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