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Gilbane Building Co. has named Michael McKelvy its new president and chief operating officer, the first non-family member to hold that position since the company’s founding in 1873. McKelvy joins Gilbane as William J. Gilbane Jr., who has served as president and COO since 2004, prepares to transition into a new role as the company’s vice chairman. more
Rhode Island’s economic outlook improved over the last year, but “significant uncertainties and challenges” continue to face the Ocean State, according to a report from the New England Economic Partnership. more
The Fogarty Center is working to merge with Ocean State Community Resources Inc., a process that will be complete by January 2015. more
Royal Bank of Scotland PLC is selling shares of its U.S. subsidiary, freeing the unit from the shadow of Britain’s largest state-owned lender and allowing it to compete with American regional banks. more
Hotel workers and their supporters said Monday afternoon that three or more of them will begin a hunger strike if the R.I. Senate passes a state budget that bans municipalities from individually voting to raise the minimum wage. more
(Updated, 6:56 p.m.) The I-195 Redevelopment District Commission has received “several” development proposals, including potential commercial, residential, hospitality and recreational projects, for the former highway land known as The Link, the agency said Tuesday. more
The R.I. Department of Health has given the final OK to the creation of Prospect CharterCare LLC, a for-profit combination of CharterCare Health Partners and Prospect Medical Holdings, a Los Angeles-based for-profit health care provider. more
The Johnson & Wales University Physician Assistant Studies Program will enroll up to six qualified University of Rhode Island graduates in each admission cycle of JWU’s master’s degree program, according to an agreement school officials plan to sign Friday. more
For the second year in a row, Washington Trust Bancorp Inc. set a quarterly profit record in the third quarter, as Rhode Island’s largest community bank posted earnings of $10.5 million, a 5.8 percent increase on the same period last year. more
Brown University has decided to offer a joint master’s degree in business administration through its joint program with the IE Business School in Madrid. more
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