Updated March 5 at 11:09am
Local News
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IT services firm NetCenergy has acquired The Landon Group Inc., a smaller IT services company also headquartered in Warwick that specializes in local housing authority markets. Company President Donald Nokes said the deal will allow NetCenergy to expand both its range of services and its client base in Connecticut and Massachusetts. more
Bank of America Corp. fell the most in a year after suspending a dividend increase and $4 billion of planned share repurchases because of an error in its stress-test submission to the Federal Reserve. more
Raising the federal minimum wage to $10.10 an hour from the current $7.25 an hour could help more than 89,300 Rhode Islanders and 453,100 Bay Staters make ends meet, according to a state-by-state analysis released by the White House last week. more
General Electric Co. Chief Executive Officer Jeffrey Immelt may be moving closer to pulling off his largest-ever acquisition, even after French officials over the weekend urged Alstom SA to consider a rival offer from Germany’s Siemens AG. more
Whenever Providence Business News starts a new program, there is a great deal of enthusiasm, optimism and just all-around warm, fuzzy feelings. This year’s Manufacturing Awards are no exception. more
State Street Corp. is eliminating 400 jobs, about 1.4 percent of its workforce, in a fourth round of cuts since 2010 as the third-largest custody bank seeks to reduce expenses to combat the impact of low interest rates. more
Betaspring hosted more than 300 community supporters, investors and Betaspring alumni Thursday for an open house introducing the accelerator’s spring 2014 class of startups. more
Consumer confidence rose in April to a nine-month high, showing Americans are growing more upbeat about the economy as the labor market gains traction. more
Bank of America Corp. could post a second-quarter loss because of costs tied to resolving federal and state probes into the sale of mortgage bonds, according to Portales Partners LLC. more
Rhode Island hotel tax collections fell 2.8 percent in February to $126,603 compared with $130,278 in February 2013, the R.I. Department of Revenue reported Friday. more
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