Updated January 20 at 11:20am
Local News
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A $107 million development project slated to bring power to-and-from Block Island has hit a snafu this week, as the utility company heading the venture has rejected a request from the town for a “large sum” of money in exchange for granting an extension of time for the project. more
A report published by the Institute for Research on Higher Education at the University of Pennsylvania Graduate School of Education ranked Rhode Island as the 48th least affordable state to attend college, the university announced Wednesday. more
Aspen Aerogels Inc. CEO and President Donald R. Young received a 20.5 percent pay hike in 2015, to $3.47 million from $2.88 million. more
Rhode Island will receive $1.2 million in re-employment grants from the U.S. Department of Labor to provide re-employment and eligibility assessments to those receiving unemployment insurance. more
Clark Greene has been appointed interim president of Rhode Island College. more
Jobless claims last week hovered around four-decade lows, showing the labor market remains the strongest part of the U.S. economy. more
The Massachusetts Gaming Commission voted against awarding a commercial resort casino license in Brockton in Southeastern Massachusetts, also known as Region C. more
J.D. Power on Thursday released its 2016 U.S. Retail Banking Satisfaction Study, showing customer satisfaction with big banks grew for the sixth consecutive year while satisfaction with midsize banks fell for the first time since 2010. more
The U.S. economy expanded in the first quarter at the slowest pace in two years as American consumers reined in spending and companies tightened their belts in response to weak global financial conditions and a plunge in oil prices. more
New Media Investment Group Inc. reported $5 million in profit, or 11 cents per diluted share, in the first quarter, reversing a loss a year ago of $6 million, or 14 cents per diluted share. more
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