Updated May 5 at 12:05pm
Local News
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Wheaton College’s series 2010 bonds have been downgraded from A3 to A2 by Moody’s Investors Service, which cited “fundamental challenges in its student market” as the reason. more
AstroNova’s CEO Gregory A. Woods received $2.2 million in compensation in 2015, a 224.1 percent increase from 2014, according to a federal filing released this week. more
Rhode Island is the ninth-most-expensive state for child care in the nation, according to the Economic Policy Institute. more
Rhode Island public charter schools received more than nine applications for every open seat in anticipation of the 2016-2017 academic year, according to the state Department of Education. more
Bank of America Corp. posted a first-quarter profit that missed analysts’ estimates as trading and underwriting revenue dropped and energy loans soured. more
The number of Americans filing applications for unemployment benefits unexpectedly declined last week to match a more than 42-year low, indicating employers are upbeat about an economy that bogged down in the first quarter. more
The cost of living in the U.S. excluding food and fuel rose less than forecast in March, bearing out Federal Reserve Chair Janet Yellen’s forecast that the recent pickup would prove fleeting. more
Bankruptcy in Providence is not an option, says National Resource Network Executive Director David Eichenthal, whose organization is tasked with coming up with ideas to help the city fix its financial problems. more
Businesses in New England’s First District have a generally positive outlook, as they continue to report rising revenue, and they expect that to persist, according to the Beige Book, the Federal Reserve’s report on economic data, released Wednesday. more
U.S. regulators have asked their internal watchdogs to examine how assessments of banks’ plans for winding down during a potential bankruptcy ended up in a news article. more
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