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Fidelity Investments, the second-largest U.S. mutual fund company, reported a 13 percent increase in operating income last year as the rally in equities boosted assets. more
FM Global is creating 36 new jobs in information technology at its corporate offices here, the company said in a press release Wednesday, among more than 300 hires made in Rhode Island in the last five years. more
A.H. Belo Corp., parent company of The Providence Journal, reported full-year net income of $16.1 million, or 71 cents per diluted share, in 2013, compared with 2012 earnings of $526,000, as it saw revenue fall 2.3 percent for the year to $366.2 million. more
(Updated 2:10 p.m.) A press conference expected to publicize details of a proposed settlement of the state’s pension battle with public employee unions was abruptly canceled early Wednesday morning at the joint request of state and union attorneys, according to the Federal Mediation and Conciliation Service. more
The House of Representatives voted on Tuesday to suspend the U.S. debt limit until March 2015, giving a win to President Barack Obama and Democrats in Congress who insisted that the ceiling be lifted without conditions. more
Mayor Angel Taveras said he is restarting a suspended city program that invested in startup businesses in the annual State of the City address Tuesday. more
Hospitals in Rhode Island generated an estimated $6.7 billion in statewide economic activity in 2012, supported about 43,100 jobs and provided $1.9 billion in wages, according to a report released Tuesday by the Hospital Association of Rhode Island. more
In anticipation of Valentine’s Day, restaurant reservation website OpenTable has ranked Providence at No. 3 on its list of the Top 25 Most Romantic Cities in America for 2014. more
US Investigations Services LLC, the company that vetted Edward Snowden, risks a federal contracting ban following U.S. fraud accusations, according to former government officials. more
In the five weeks ended Feb. 8, 4,742 people enrolled in private plans through Rhode Island’s health care exchange, bringing the total number of HealthSource RI enrollments to 16,512. Medicaid enrollments totaled 35,821, climbing 80 percent from the 19,941 enrollments reported as of Jan. 4. more
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