Updated December 4 at 12:26pm
Local News
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The West Valley Inn is back on the market, after Providence and Block Island restaurateur Frank DiBiase Jr. backed out of buying the property. more
Gas prices fell 2 cents in Rhode Island this week, but stayed the same in Massachusetts, AAA Northeast said Tuesday. more
Gasoline prices in Rhode Island and Massachusetts fell 2 cents this week, AAA Northeast said Monday. more
The Slater Technology Fund on Monday announced it is committing another $250,000 to the biomedical company ProThera Biologics, bringing Slater’s total investment in the company to $950,000. more
Providence College, in an announcement Friday, said it will close the college-owned portion of Huxley Avenue, from Eaton to Ventura streets, to traffic sometime between May 16 and June 1, and permanently turn it into a pedestrian walkway. more
State regulators are calling on Invenergy Thermal Development LLC to explain how it plans to cool a proposed 1,000 megawatt, gas-fired power plant in Burrillville, saying the company needs to have a plan or risk having its application suspended. more
Federal Reserve Bank of Cleveland President Loretta Mester said the economy is ripe for an interest-rate increase and repeated that the Fed’s November meeting should be viewed as “live” for a policy decision, despite its proximity to the U.S. presidential election. more
A Morgan Stanley unit allegedly set up a high-pressure contest to spur financial advisers to cross-sell loans backed by investment accounts in an effort to boost banking and lending business and gain ground on rivals, the Massachusetts securities regulator said in a complaint against the company. more
Orders for U.S. capital goods dropped in November for the first time in three months, showing businesses began tempering new investment after a third-quarter surge. more
Goldman Sachs Group Inc. and JPMorgan Chase & Co. will probably benefit most from the coming wave of financial technology disruption, rather than being supplanted by startups driving the change, according to an Autonomous Research survey. more
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