Updated February 27 at 4:27pm
Local News
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The Northeast regionally Consumer Price Index rose 1.6 percent on a non-seasonally adjusted basis during the 12 months ended in April, a less significant increase than the 2 percent jump in consumer prices nationally, according to a report from the U.S. Bureau of Labor Statistics. more
Prices paid to American factories and service producers rose in April by the most in more than a year, indicating a diminishing risk of deflation as demand improves. more
The proposed transformation of a surface parking lot next to the Garrahy Judicial Complex on Dorrance Street into a seven-level parking garage will cost approximately $43 million, according to a report released Wednesday by a special legislative commission. more
Huntington Bancshares Inc., the Ohio lender that agreed in April to buy 11 Michigan branches from Bank of America Corp., plans to buy 13 more. more
The R.I. Coastal Resources Management Council unanimously voted Tuesday night to grant final approval to Deepwater Wind LLC’s Block Island Wind Farm. more
Towerstream Corp. reported a first-quarter net loss of $6.5 million, or 10 cents per share, widening by 15.7 percent the $5.6 million, or 9 cent-per-share, loss posted for the same three-month period last year. more
It’s back to square one for Rhode Island’s redevelopment of the former Shooters nightclub property in Providence. The R.I. Department of Environmental Management officially broke off talks May 1 with Bowl Arts LLC, the community group that had been hoping to build a concert and performing arts venue on the site. more
(Updated, 3:19 p.m.) Gov. Lincoln D. Chafee on Tuesday issued a statement defending the need for Rhode Island to repay the 38 Studios moral obligation bonds and criticizing gubernatorial candidates Cranston Mayor Allan W. Fung and Ken Block, who have voiced opposition to repayment. more
(Updated, 3:07 p.m.) The Rhode Island Foundation reported net assets of $734.4 million at the end of 2013, increasing by $101.6 million, or 16 percent, the $632.8 million reported the previous year, according to the organization’s 2013 annual report. Since 1993, the organization has seen its total assets increase more than 300 percent, from $197 million. more
A study conducted by the Tax Foundation found that Rhode Island collected $966 in state and local income tax collections per person in 2011, ranking the state No. 17 in the country for highest per-capita combined collections. more
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