Updated May 29 at 5:29pm
Local News
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Rhode Island lost 500 construction jobs in June compared with the previous month, a decline of 2.9 percent that ranked the state 49th in the country for highest percentage of construction jobs gained month over month, the Associated General Contractors of America reported Friday. more
U.S. stocks rose, with the Standard & Poor’s 500 Index rebounding from its biggest drop since April, as Google Inc. advanced and concerns eased over crises in the Ukraine and Middle East. more
Many of Rhode Island’s school districts receiving the highest level of funding per student are among the districts with the lowest return on investment, according to an analysis of 7,000 districts nationwide by the Center for American Progress. more
David M. Wax, managing director of the nonprofit Sandra Feinstein-Gamm Theatre, is retiring after two years in the position. more
CVS Caremark Corp. has entered new clinical affiliations with four major health care providers to improve access to clinical support, medication counseling, chronic disease monitoring and wellness programs at CVS/pharmacy stores and MinuteClinic. more
Although Rhode Island’s unemployment rate posted a significant drop in June to 7.9 percent, the state jobless rate tied with Mississippi as the highest in the country, the U.S. Bureau of Labor Statistics reported Friday. more
Consumer confidence in the U.S. unexpectedly declined in July to a four-month low as Americans’ outlook for the economy dimmed. more
Standard & Poor’s Rating Services has affirmed Warwick’s “AA-” bond rating with a stable outlook, citing the city’s budgetary performance and flexibility and its role as home to T.F. Green Airport and the InterLink station. more
Royal Bank of Scotland Group PLC CEO Ross McEwan said the foreign-exchange market scandal could be more expensive to the banking industry than Libor or improperly sold loan insurance. more
The Rhode Island unemployment rate has dropped to 7.9 percent in June, its lowest level since July of 2008, according to the R.I. Department of Labor and Training. Nationally, however, the Rhode Island unemployment rate remains 1.8 percent higher than the U.S. average of 6.1 percent for June. more
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