Updated March 28 at 10:39am
Local News
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Rhode Island Superior Court Judge Michael A. Silverstein has appointed a temporary receiver to oversee the Blue Grotto restaurant’s finances and assets, following the closure of the Federal Hill eatery earlier this month. more
U.S. stocks fluctuated, with the Standard & Poor’s 500 Index poised for a weekly drop, as DuPont Co. slid after cutting its earnings forecast while utilities and consumer shares led gains. more
Rhode Island mobile Web solutions company MoFuse Inc. has been acquired by The Search Agency, a global online marketing firm headquartered in Los Angeles seeking to boost its mobile management offerings for small and local businesses. more
A total of 451 single-family and multifamily homes in Rhode Island were foreclosed upon during the first quarter of 2014, an increase of 19.9 percent over the 376 foreclosures reported for the same period last year, affordable homes coalition HousingWorks RI reported Thursday. more
Meal and beverage tax collections from local restaurants in Rhode Island totaled $1.77 million in April, an increase of 2.8 percent compared with the $1.73 million collected in April 2013, the R.I. Department of Revenue reported Thursday. more
After analyzing tax data from 32,000 businesses, the R.I. Department of Labor and Training announced Thursday that there were 1,800 more Rhode Island-based jobs in the first quarter than originally estimated. more
U.S. mortgage rates fell for a second week, lowering borrowing costs as the housing recovery gets a second wind. more
Despite its small size compared with many North American metropolises, Providence ranks as the 38th most traffic-congested city in the United States and Canada, according to a new report released by GPS-device manufacturer TomTom. more
Providence’s summer jobs program has helped 650 city youth find employment this summer, Mayor Angel Taveras announced Thursday. more
Consumer spending in the U.S. grew less than forecast in May as Americans used gains in income to shore up household finances. more
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