Local News
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The Naval Undersea Warfare Center spent $602 million of its total $874 million operating budget for 2013 on payroll, contracts with local companies, and construction and support for the command and research facility in Newport. more
The Break Hotel, a $2 million boutique hotel under construction in Point Judith, has booked its first guest for the first weekend in June, owner Jim Durkin said Friday. more
According to a new state report, Rhode Island’s commercial health-insurance carriers increased their primary care spending by 37.2 percent between 2008 and 2012. more
The Rhode Island attorney general’s office and the R.I. Department of Health have deemed CharterCare Health Partners and Prospect Medical Holdings’ application for a joint venture to be complete, the two agencies announced Friday. more
Restivo Monacelli LLP has acquired Foxboro, Mass.-based certified public accounting firm Kennedy & Associates PC to establish a presence in Massachusetts, according to firm partner Steven E. Monacelli. more
Webster Financial Corp., parent company of Webster Bank, posted a profit increase in 2013 over the previous year, with growth in commercial lending highlighting the increase, according to the bank’s fourth-quarter and year-end earnings report released Friday. more
The Ocean House at Watch Hill has once again earned a AAA Five Diamond rating, its fourth consecutive year receiving the designation. more
Rhode Island exports rose $5.3 million, or 2.9 percent, in November, according to an e-forecasting.com report. more
Government spending cuts last year contributed to the fourth straight annual decline in federal contracting, the longest stretch since Ronald Reagan was president, statistics show. more
An analysis of Rhode Island’s tax data, released Thursday by the R.I. Department of Labor and Training, showed more growth in the state’s private-sector employment during the third quarter of 2013 than originally estimated. more
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