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Nine Rhode Island hospitals will be penalized by the government starting in October because many of their patients are re-admitted soon after discharge. The Rhode Island institutions will lose a total of $1.6 million in Medicare funds, with Rhode Island Hospital losing the most at $699,765. more
Maternova Inc., a women-owned startup founded by Meg Wirth and focused on solutions for dealing with maternal mortality, has acquired Impact Review, the company announced Monday. more
Hannoush Jewelers will feature products from Alex and Ani Inc. in all of the company’s 57 locations across 13 states, Camile Hannoush announced Friday. more
(Updated, 5:00 p.m.) The state and R.I. Economic Development Corporation sued 38 Studios LLC founder Curt Schilling and 13 other institutions or individuals connected with the failed $75 million loan guarantee to the video company for allegedly misleading state officials about the deal’s risks. more
Leaders of the largest U.S. union of public-sector workers are vowing to fight efforts by state and local governments to balance their budgets with cuts to employee benefits even as voters have sided with that strategy. more
Ellen Alemany, chairman and CEO of RBS Citizens Financial Group Inc., has been recognized as one of the 25 most powerful women in banking by American Banker. more
Capital Good Fund, a Providence-based nonprofit financial services organization, will receive an $81,273 Community Development Financial Institutions Technical Assistance grant. more
(Updated, 5:35 p.m.) Thomas A. Mann Jr. has resigned as executive director of the Pawtucket Foundation, effective Oct. 12, the organization announced Tuesday. more
There are four important lessons to learn from Rhode Island’s 38 Studios disaster, according to Fortune Magazine Senior Editor Dan Primack. more
Rhode Island was ranked the worst state for business in the U.S. for the second year in a row on CNBC’s America’s Top State for Business 2012 report. more
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