Updated March 6 at 6:06pm
Local News
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Gilbane Building Co. has named Michael McKelvy its new president and chief operating officer, the first non-family member to hold that position since the company’s founding in 1873. McKelvy joins Gilbane as William J. Gilbane Jr., who has served as president and COO since 2004, prepares to transition into a new role as the company’s vice chairman. more
The House Finance Committee late Thursday night passed an $8.7 billion state budget bill unveiled by Democratic leadership that would lower the state’s corporate tax rate and cut estate taxes, while raising the gas tax and motor vehicle fees. more
Tech Collective, an industry association for information technology and bioscience, has announced a call for applicants for its 2014 Rhode Island Bioscience Awards, the program’s second year following its launch in 2013. more
Lenders in Bristol County, Mass., filed 88 foreclosure petitions in April, more than tripling the number of foreclosure starts in April 2013, when 24 petitions were filed, The Warren Group said Thursday. more
Fewer Americans filed applications for unemployment benefits over the past month than at any time in seven years, a sign the labor market continues to strengthen. more
The number of residential properties in the Providence-Warwick metro area in negative equity fell to 56,608 in the first quarter, representing 16 percent of all residential mortgages, compared with 17.4 percent or 61,424 properties in the fourth quarter of 2013, according to a CoreLogic report released Thursday. more
Employers added 217,000 jobs in May to push U.S. payrolls past their pre-recession peak and the jobless rate held at an almost six-year low as the economy gained traction. more
UnitedHealthcare has recognized four Rhode Island companies in its 2014 Well Deserved Awards, presented annually to employers who have demonstrated a strong commitment to improving employees' health and well-being through work-site wellness programs. more
CVS Caremark Corp., the biggest provider of prescription drugs in the U.S., reported profit that beat analysts’ estimates after adding new customers in its pharmacy services business. more
The R.I. General Assembly on Tuesday passed two new laws to streamline the state’s regulatory reform process and eliminate statutes exempting certain rules and regulations from review. more
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