Updated July 30 at 11:27am
Local News
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The momentum in orders for business equipment stalled in August following gains the prior two months as U.S. investment took a breather amid volatility in financial markets and concerns that global growth is slowing. more
The Newport, Westerly and Providence school systems were named Monday as the initial districts in Rhode Island for the P-Tech initiative, designed to allow public school students to receive workplace training and a community college education while attending high school. more
Bank of America Corp. showed it could follow through on its plans to cut costs. Shares of the Charlotte, N.C.-based firm rose 0.8 percent to $15.64, the only gain in the 24-company KBW Bank Index. more
A 96-unit development in Burrillville is among the initial beneficiaries of a commitment by the nonprofit organization Local Initiatives Support Corp. to direct $25 million to grants, loans and equity investments in affordable housing. more
After a decade as CEO of Tufts Health Plan, James Roosevelt Jr. is stepping down effective Jan. 1, 2016. Roosevelt will be succeeded as CEO by current president and chief operating officer, Tom Croswell. more
Gov. Gina M. Raimondo will join community partners Friday to highlight a new initiative made possible through the state’s Health Equity Zone grants. more
The IMF warned officials to protect their financial systems from possible instability as the U.S. Federal Reserve prepares to raise interest rates, saying shocks or policy missteps risk derailing the global economy and triggering equity market sell-offs. more
Amgen Inc. and Sanofi, competitors in the market for a new class of cholesterol-fighting drugs, will both have their medications covered by Express Scripts Holding Co., a decision that ends weeks of uncertainty over whether the benefits manager would cut an exclusive deal to cover only one in exchange for big discounts. more
The rout that swept through asset classes, taking oil below $30 a barrel and European and Asian stocks into bear markets, is pushing up gauges of investor stress around the world. more
R.I. Commerce Corp. has launched a website focused on developing the Latino business community in Rhode Island. more
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