Updated March 30 at 6:30pm
Local News
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The R.I. Senate on Monday approved the $8.7 billion state budget for fiscal 2015 by a vote of 32-5, submitting for the governor’s signature a spending plan that cuts the state’s corporate and estate taxes, provides for repayment of the 38 Studios bonds, eliminates the Sakonnet River Bridge tolls and adds $33.4 million in education funding. more
JPMorgan Chase & Co. engaged in a “pattern of discriminatory” lending that led to foreclosures, the city of Miami said in a lawsuit filed last week in federal court, the latest in a series of similar claims against the nation’s largest banks. more
(Updated, June 17, 10:16 a.m.) A Boston-area laboratory-space firm has partnered with local medical investors to propose a life sciences accelerator on the former I-195 land known as The Link. more
Jewelry maker Alex and Ani LLC is replacing its chief financial officer and adding six new senior executives as part of a 250-employee national expansion, the company announced Monday. more
Hotel workers and their supporters said Monday afternoon that three or more of them will begin a hunger strike if the R.I. Senate passes a state budget that bans municipalities from individually voting to raise the minimum wage. more
Medtronic Inc., the second-largest maker of medical devices, agreed to buy Covidien PLC for $42.9 billion in cash and stock as it transforms into a broader-based company bolstered by new tax advantages. more
Rhode Island will receive an additional $7 million from the U.S. Department of the Interior to clean up damage to the state’s coastline following Hurricane Sandy and prepare the state for future storms, U.S. Sen. Jack Reed announced Monday. more
Gasoline prices climbed back up again in Rhode Island this week while the Massachusetts average remained unchanged from a week ago, reflecting volatility in national gas prices, according to the weekly survey by AAA Southern New England. more
Four cities and towns have launched the Rhode Island beta of OpportunitySpace, an online database of public properties intended to promote transparency and community redevelopment. more
Industrial production climbed more than forecast in May, a sign gains in manufacturing are supporting growth as the U.S. economy picks up. more
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