Updated April 25 at 4:56pm
Local News
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WalletHub ranked cities with the most and least efficient spending on education, and Providence ranked near the bottom of the list at No. 79. more
More than eight in 10 Rhode Island drivers wear seat belts, the highest number ever recorded in the state, according to a 2013 study released Friday by the Rhode Island Department of Transportation. more
Huntington Bancshares Inc., the Ohio lender that agreed in April to buy 11 Michigan branches from Bank of America Corp., plans to buy 13 more. more
Service industries expanded in May at the fastest pace in nine months as orders picked up, indicating improving sales will help the U.S. economy strengthen. more
Attorney General Peter F. Kilmartin has directed $250,000 from Rhode Island’s share of the 2007 settlement of a Clean Air Act lawsuit to support the repair of Portsmouth’s broken 1.5-megawatt wind turbine. more
Falling interest rates have reduced the ability of U.S. corporate pension plans to fund their obligations to the lowest this year, according to the Bank of New York Mellon Corp. more
Attorney General Peter F. Kilmartin announced Wednesday that Rhode Island will receive $1.2 million as its share of a multistate settlement with GlaxoSmithKline LLC to resolve allegations that the company violated state consumer protection laws by misrepresenting its asthma drug Advair and antidepressant drugs Paxil and Wellbutrin. more
Desktop virtualization company GreenBytes has been acquired by Oracle Corp. for an undisclosed sum as the business software giant looks to advance its ZFS file-system technology with GreenBytes’ domain expertise in deduplication, replication and virtualization. The GreenBytes IO Offload Engine and vIO virtual storage technology will be integrated into future Oracle releases, and independent sales and support of GreenBytes products will be discontinued, Oracle said. more
South Korea’s military is buying one of the top anti-armor weapons developed by the Pentagon, a Textron Inc. system designed to destroy tanks and vehicles. more
U.S. stocks fluctuated, after the benchmark Standard & Poor’s 500 Index rose to a record Thursday, as reports showed consumer spending unexpectedly declined last month while confidence slid more than estimated. more
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