Updated May 26 at 4:26pm
Local News
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Nortek Inc. posted net income of $2.6 million in the first quarter of 2016, an improvement on the $13.9 million loss in the same 2015 period. At the same time, the air management, and residential and commercial technology manufacturer said Friday that net sales for the three months ended April 2 increased 7.2 percent to $613.9 million. more
Almost 20 percent of Americans 65 and older are now working, according to the latest data from the U.S. Bureau of Labor Statistics. That’s the most older people with a job since the early 1960s, before the U.S. enacted Medicare. more
Sales at retailers jumped in April by the most in a year, indicating consumer spending will help the U.S. economy recover from an early-year slowdown. more
Consumer confidence in the United States jumped in May to the highest level in almost a year, propelled by the strongest views on inflation-adjusted income gains in a decade. more
Providence ranked third in Travel + Leisure’s “America’s Favorite Cities” list, two places below its top ranking in 2014 – though Mayor Jorge O. Elorza isn’t complaining. more
Rhode Islanders gave the state’s public school system a collective C in the latest Hassenfeld Institute for Public Leadership poll. At the same time, roughly half of the poll respondents said that the state was moving in the wrong direction. more
Digit Murphy dashed to the podium to accept her Outstanding Mentor award Thursday afternoon at the 2016 Providence Business News Business Women Awards luncheon & Women’s Leadership Summit. more
City Councilman Kevin Jackson has resigned from leadership positions, including as council majority leader and member of the five-person Finance Committee, following his arrest on state charges of embezzlement, unlawful appropriation of campaign funds and violating campaign-finance law. more
Film icon Robert Redford has a deep and abiding affection for Newport. more
A search is underway for the best aging-focused startups in the world and it’s coming to Providence on May 23. more
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