Updated May 29 at 5:29pm
Local News
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Despite its small size compared with many North American metropolises, Providence ranks as the 38th most traffic-congested city in the United States and Canada, according to a new report released by GPS-device manufacturer TomTom. more
After analyzing tax data from 32,000 businesses, the R.I. Department of Labor and Training announced Thursday that there were 1,800 more Rhode Island-based jobs in the first quarter than originally estimated. more
Consumer spending in the U.S. grew less than forecast in May as Americans used gains in income to shore up household finances. more
Royal Bank of Scotland Group PLC, Britain’s largest taxpayer owned bank, has given “unacceptable” returns to shareholders, CEO Ross McEwan said. more
Rhode Island will receive $3.85 million under a national program to help states train laid-off workers, U.S. Sens. Jack Reed and Sheldon Whitehouse announced Wednesday. more
The U.S. economy contracted in the first quarter by the most since the depths of the last recession as consumer spending cooled. more
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process until after voters decide the question of whether the 2011 law allowing casinos in the state should be repealed, the Associated Press reported.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
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