Updated April 24 at 4:45pm
Local News
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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
The University of Massachusetts board of trustees finance committee voted unanimously on Wednesday to approve a tuition and fee freeze for in-state undergraduate students for a second consecutive year. more
Thirty-one percent of Rhode Island public schools have been classified in the lowest performance categories, compared with 25 percent last year. more
Exports from Rhode Island climbed 10.5 percent in March compared with the previous month, ending three consecutive months of export declines, according to an e-forecasting.com report released May 27. more
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