Updated March 3 at 1:03pm
Local News
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The results of a two-year study conducted by the R.I. Division of Taxation show that the state could have collected between $21.5 million and $44.4 million more in corporate taxes in 2012 under a combined reporting tax structure. more
U.S. stocks rose, after the Standard & Poor’s 500 Index fell to a three-week low, as better- than-forecast data on industrial production boosted optimism on the economy and investors watched developments in Ukraine. more
Rhode Island gained 1,045 manufacturing jobs between December 2012 and December 2013, the first time in 13 years that the state posted an increase in manufacturing employment, according to a report released Monday by the Rhode Island Manufacturers Register. more
Gasoline prices climbed 3 cents in Rhode Island this week, while prices dropped a penny in Massachusetts, ending five consecutive weeks of rising prices there, according to the weekly survey by AAA Southern New England. more
Confidence among U.S. homebuilders rose less than forecast in March, a sign the industry may take time to pick up after inclement weather damped activity earlier in the year. more
Rhode Island’s January unemployment rate of 9.2 percent ranked as the highest unemployment rate in the country for the third month in a row, the U.S. Bureau of Labor Statistics reported Monday. more
The city this spring will once again apply for a federal transportation grant to fund a new streetcar system between Upper South Providence and College Hill, Providence officials said Friday. more
Bank of America Corp., Citigroup Inc. and Credit Suisse Group AG were among 16 of the world’s biggest banks sued by the U.S. Federal Deposit Insurance Corp. for allegedly manipulating the London interbank offered rate from 2007 to 2011. more
Consumer confidence in the U.S. unexpectedly dropped in March to a four-month low, indicating household spending may be slow to pick up from a weather-related setback earlier this year. more
Textron Inc. on Friday completed the acquisition of Beech Holdings LLC, parent company of Witchita, Kan.-based planemaker Beechcraft Corp. Textron’s Cessna business and Beechcraft will form a new segment within the company called Textron Aviation. more
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