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Rhode Island was one of three states that averaged an unemployment rate of greater than 9 percent in 2013, according to year-end figures released Friday by the U.S. Bureau of Labor Statistics. more
The U.S. government slashed its estimate for fourth-quarter growth as consumer spending and exports were less robust than initially thought, suggesting some loss of momentum heading into 2014. more
Royal Bank of Scotland Group PLC posted the biggest full-year loss since its bailout in 2008 as CEO Ross McEwan outlined plans to return what he called the industry’s least-trusted lender to profit. more
Rhode Island single-family homes sales rose 12 percent in January compared with the same period last year, the Rhode Island Association of Realtors said Friday. more
The Rhode Island Foundation awarded a record $31 million in grants in 2013 to more than 1,300 nonprofits, the organization said Friday. more
Rhode Island’s average unemployment rate for 2013 was 9.5 percent, according to revised data released by the R.I. Department of Labor and Training on Thursday. The yearly average came in eight-tenths of a percentage point lower than 2012’s average of 10.3 percent. more
The Massachusetts Gaming Commission Thursday awarded the state’s sole license to operate a slot machine parlor to a group looking to redevelop Plainridge Racecourse in Plainville. more
Speaking at Providence Business News’ Summit on Health Care Reform and the Insurance Exchange on Thursday, Coastal Medical Inc. President and CEO Dr. Alan Kurose shared the news that Coastal reduced its costs by 5.5 percent compared with Centers for Medicare and Medicaid projections during Coastal’s first year as a shared savings accountable care organization. more
The burden of housing costs leaves Latinos in Rhode Island with little purchasing power, according to data released Thursday by HousingWorks RI and the Latino Policy Institute at Roger Williams University. more
MedMates, a health care technology network created to encourage collaboration within and strengthen Rhode Island’s health-tech ecosystem, will hold its first event of the year on Thursday to bring together early stage startups with industry mentors. more
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