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The U.S. government’s deficit will fall to $492 billion this year, according to the Congressional Budget Office, a steeper drop than originally predicted from $680 billion in fiscal year 2013. more
Brown University will launch a new Institute for the Study of Environment and Society, adding over the next several years up to 11 faculty who would serve as fellows, school officials said late Monday. more
Care Thread, a Providence-based alumnus of the Betaspring accelerator program that provides secure mobile messaging for hospitals, has been named a finalist in the Brigham and Women’s Hospital Innovation Hub Pilot Shark Tank Challenge along with nine other health-tech startups. more
Gasoline prices rose a penny in Rhode Island and Massachusetts this week, but prices in both states were lower than the national average for the first time in 10 months, according to the weekly survey by AAA Southern New England. more
Retail sales increased in March by the most since September 2012 as Americans bought more cars, clothing and garden supplies, helping the economy recover from a weather-depressed start to the year. more
U.S. Sens. Jack Reed and Sheldon Whitehouse and U.S. Rep. James R. Langevin on Monday announced a new $800,000 federal grant for infrastructure upgrades at the Port of Davisville designed to increase Rhode Island’s port capacity and improve cargo shipment flexibility for companies headquartered in Quonset Business Park. more
The Downtown Providence Parks Conservancy unveiled plans for the transformation of Kennedy Plaza at a meeting in downtown Providence after close of business Thursday. more
Single-family home sales in Bristol County, Mass. rose 5.1 percent in March compared with the same period in 2012, The Warren Group said Tuesday. more
Sensata Technologies Holding N.V. reported a bottom line of $34.7 million, or 19 cents per diluted share, for the first quarter of 2013, a 10.9 percent decline from the $38.9 million, or 21 cents per diluted share, reported during the first quarter of 2012. more
The U.S. Navy has awarded a $20 million contract modification to General Dynamics Electric Boat for nuclear-maintenance work for submarines. more
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