Updated December 3 at 6:25am
Local News
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(Updated, 5:12 p.m.) The Securities and Exchange Commission on Monday filed charges against the R.I. Economic Development Corp. and its bond underwriter Wells Fargo Securities, alleging fraud that stems from a 2010 municipal bond offering to finance the now-defunct video game company 38 Studios LLC. more
The U.S. Small Business Administration announced the 2016 Rhode Island small business award winners this week. more
Standard & Poor’s Ratings Services has assigned an A-plus, long-term rating to a series of bonds expected to be executed soon by the R.I. Turnpike and Bridge Authority. more
Cape Air will no longer offer seasonal summer service from T.F. Green to Block Island, the airline announced this week. more
Teespring has closed its Davol Square office, marking the last phase of a restructuring that began over the summer, a company spokeswoman said Monday. more
(Updated 1:32 p.m.) Robin Muksian will serve as the city’s director of administration, overseeing administrative aspects and operations while serving as senior adviser to the mayor. more
Rhode Island again is one of the least tax-friendly states, according to Kiplinger’s. more
Paypal Holdings Inc., one of the world’s largest online payment companies, is considering to move its operations center to Rhode Island, according to a report today by WPRI-TV CBS 12. more
Providence ended up on the wrong end of WalletHub’s latest listing of the best and worst cities for families. more
(Updated 3:28 and 3:59 p.m.) Gov. Gina M. Raimondo announced Wednesday she has directed the R.I. Department of Transportation to initiate replacement of the Route 6-10 connector, a series of nine bridges and elevated roadways that carry more than 100,000 vehicles daily. more
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