Updated May 28 at 11:25am
Local News
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The U.S. economy expanded at a faster pace in the third quarter than previously reported, reflecting a smaller hit from efforts to rein in bloated inventories. more
Spending on business aircraft fell 3.1 percent last year as a commodities downturn crimped demand for long-range jets in emerging markets. more
Tiffany & Co., the luxury jewelry retailer, gave a forecast for earnings this year that trailed analysts’ estimates as the sluggish global economy hurts sales. more
Juvenile product maker Summer Infant Inc. has named Ted Kelley senior vice president, global sales, effective July 7. more
Meal, beverage and hotel tax collections increased on a year-over-year basis in March, as well as fiscal year to date, the R.I. Department of Revenue said on Monday. more
Rhode Island is poised to save a cumulative $120 million through the next fiscal year through an ongoing reorganization of Medicaid, according to Gov. Gina M. Raimondo and state health officials. more
Rhode Island ranked 16th for its 2.1 percent increase in export growth for the first three months of the year, according to e-forecasting.com. more
What he’s got: Local, state, and federal governing experience as a former Rhode Island mayor, governor, and U.S. senator; party loyalties that have run the gamut from Republican to independent to Democrat; despite those shifting affiliations, a consistently liberal record on domestic and foreign policy; a patrician pedigree and demeanor, an idiosyncratic biography (after schooling at Andover and Brown, he moved to Montana to learn horseshoeing and spent years working at racetracks as a farrier), and a dry, wry Yankee wit. more
Cardinal Health Inc. said it will buy the Harvard Drug Group from Court Square Capital Partners for $1.15 billion to increase its distribution of generic drugs. more
The National Park Service has added the city’s century-old Standard Paper Box Corp. mill complex to the National Register of Historic Places, State Historic Preservation Officer Edward F. Sanderson, executive director of the state Historical Preservation & Heritage Commission, said Tuesday. more
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