Updated March 28 at 10:39am
Local News
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Fifteen months after CharterCare Health Partners first announced its intention to partner with Los Angeles-based Prospect Medical Holdings Inc., the new for-profit joint venture between the two groups officially launched on June 20 with the formation of Prospect CharterCare LLC. more
After advancing slightly in last year’s ranking, Rhode Island dropped once again to dead last in CNBC’s America’s Top States for Business 2014 report. The 2014 ranking represents the third time in the last four years that Rhode Island came in at No. 50 in the CNBC report, which scored all 50 states on 56 measures of economic competitiveness. more
Banks stand to lose as much as $4.5 billion in annual revenue as regulations aimed at improving financial stability alter how interest-rate swaps are bought and sold, according to a report from McKinsey & Co. more
The Massachusetts Gaming Commission on Wednesday unanimously voted not to delay the Boston-area casino licensing process until after voters decide the question of whether the 2011 law allowing casinos in the state should be repealed, the Associated Press reported. more
Meal and beverage tax collections from local restaurants in Rhode Island totaled $1.77 million in April, an increase of 2.8 percent compared with the $1.73 million collected in April 2013, the R.I. Department of Revenue reported Thursday. more
Attorney General Peter F. Kilmartin has filed a civil lawsuit in Providence County Superior Court against Gable Fitness Inc. d/b/a Gold’s Gym on behalf of customers who allege that owner David Walker solicited and accepted membership fees despite knowing the gym would soon close. more
A total of 451 single-family and multifamily homes in Rhode Island were foreclosed upon during the first quarter of 2014, an increase of 19.9 percent over the 376 foreclosures reported for the same period last year, affordable homes coalition HousingWorks RI reported Thursday. more
U.S. stocks fluctuated, with the Standard & Poor’s 500 Index poised for a weekly drop, as DuPont Co. slid after cutting its earnings forecast while utilities and consumer shares led gains. more
Rhode Island mobile Web solutions company MoFuse Inc. has been acquired by The Search Agency, a global online marketing firm headquartered in Los Angeles seeking to boost its mobile management offerings for small and local businesses. more
Wright-Pierce, a water, wastewater and infrastructure engineering firm serving the New England market, has appointed John W. Braccio to succeed William E. Brown as president and CEO effective July 1. more
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