Updated April 27 at 1:27pm
Local News
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During the second quarter, 2,041 new business entities registered with the R.I. Secretary of State’s Business Services Division, higher than the number reported the previous quarter, the secretary’s office announced Tuesday. more
Payrolls at U.S. companies climbed in June by the most since November 2012, a sign the job market is strengthening as demand picks up. more
The Rhode Island School of Design has filled two leadership positions in the fine arts and liberal arts. Sheri Wills has been named dean of fine arts, effective in August. Daniel Cavicchi has been promoted from acting dean of liberal arts to the permanent position, effective Tuesday. more
The U.S. Transportation Department is notifying states that federal reimbursements for highway and transit construction projects will slow down as soon as August. more
The state of Rhode Island collected $830,464 in April under its 5 percent hotel tax, a decline of $114,299 or 12.1 percent from the $944,763 collected a year earlier in April 2013, according to the R.I. Department of Revenue. more
Ten arts organizations in Rhode Island could receive as much as $30 million in grant funding if voters approve the state’s $35 million Creative and Cultural Economy bond this November. more
The Massachusetts Bay Transportation Authority instituted higher fares on Tuesday, raising daily and monthly costs for commuter rail passengers from Rhode Island and southern Massachusetts. more
The Standard & Poor’s 500 Index rose to a record, after posting the longest streak of quarterly gains since 1998, as technology and consumer shares rallied while data showed China’s manufacturing expanded in June. more
Former Alex and Ani CEO Giovanni Feroce has formed an investment firm in Providence focused on backing retail and media ventures, he said in an interview with Providence Business News. The new firm, called GF Asset Management LLC, has about a dozen employees based in offices at 39 Pike St. in the Fox Point section of the city. more
After three consecutive months of declines, the unemployment rate for the Providence-Fall River-Warwick metro area climbed slightly in May to 8 percent nonseasonally adjusted, compared with 7.8 percent a month earlier, the U.S. Bureau of Labor Statistics reported Tuesday. more
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