Updated May 29 at 5:29pm
Local News
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Colorado State University increased the number of storms it expects to develop during the Atlantic hurricane season to 10 from nine. more
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
(Updated 12:03 p.m.) Volvo Ocean Race CEO Knut Frostad said that Newport has been awarded an “exclusive” two-month negotiating window to secure the North American stopover in the 2017-2018 edition of the global race. more
Confidence among U.S. homebuilders unexpectedly fell in May, reflecting cooling sales and slower buyer traffic, a sign the residential real-estate market will take time to gain momentum. more
FedEx Corp. says government claims that it conspires with illegal online pharmacies don’t tell the whole story: Especially the part about how the company helps drive those websites out of business. 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
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