Updated May 27 at 7:27pm
Local News
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Having invested all of its existing capital, Betaspring has decided to wait until spring 2015 to launch its next startup accelerator session as it seeks to raise new funding and focus on its current portfolio. more
(Updated, 3:50 p.m., Aug. 28) Some of the region’s most buzzworthy companies have been named in Providence Business News’ third Fastest-Growing & Innovative Companies awards program. Companies with the largest percentage growth of revenue from 2011 to 2013 in four revenue size categories, along with the most innovative companies in each of 10 industry categories, will be feted on Sept. 10 at an oceanfront event at Newport’s Rosecliff Mansion. more
Gasoline prices dropped 4 cents in Rhode Island this week and 3 cents in Massachusetts, according to the weekly survey by AAA Southern New England. more
Sensata Technologies Holding NV plans to buy Schrader International Inc. from Madison Dearborn Partners LLC for an enterprise value of $1 billion to expand in sensors that warn against low tire pressure. more
With the drop of Rhode Island’s unemployment rate in July to 7.7 percent, the state no longer claimed the highest jobless rate in the country for the first time since October, the U.S. Bureau of Labor Statistics reported Monday. more
“Wet Paint,” a fundraiser predicated on selling just-made art, raised $101,000 for the Newport Art Museum last weekend, with a record-breaking 564 pieces of art donated for sale in silent and live auctions. more
The cost for a middle-income family to raise a child born last year to age 18 is $245,340, a 1.8 percent increase from the previous year and the smallest jump since the financial crisis, according to the government. more
When President Barack Obama visits Rhode Island later this month, he will dine on local and regional cuisine created by one of the state’s top chefs. more
Citizens Financial Group Inc., the U.S. arm of Royal Bank of Scotland PLC, plans to hire more than 550 people in its consumer business for mortgages, small business and auto financing over a two-to-three year period. more
Scaffolding has been erected on the Westminster Street side of 111 Westminster St., also known as the Superman Building, as the owner, High Rock Westminster Street LLC inspects the façade of the historic 26-story art deco tower with an eye to needed repairs. more
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