Updated March 2 at 7:02pm
Local News
2334 results total, viewing 2301 - 2310
Global biotech firm Covidien PLC has acquired Israeli medical tech company Given Imaging Ltd. for $860 million, a move that will allow Covidien to expand into the multibillion dollar gastrointestinal product market. The acquisition is expected to add between $40 and $50 million in quarterly revenue for Covidien. more
Employers added more workers than projected in February, indicating the U.S. economy is starting to bounce back from a weather-induced setback. The jobless rate unexpectedly climbed from a five-year low. more
Rhode Island’s seasonally adjusted unemployment rate inched downward in January to 9.2 percent, the lowest rate since November 2008, according to the latest monthly report from the R.I. Department of Labor and Training. The state’s civilian labor force totaled 550,300 in January, up 200 from December 2013 but down 9,700 from January 2013. more
Toymaker Hasbro Inc. was one of two New England companies recognized for corporate efforts to reduce greenhouse gasses by the U.S. Environmental Protection Agency in the third annual Climate Leadership Awards. more
Household wealth in the U.S. increased from October through December, as gains in stock portfolios and home prices boosted Americans’ finances. more
Staples Inc., the largest U.S. office-supplies chain, will close as many as 12 percent of its North American stores and cut as much as $500 million in costs as online competition continues to hurt sales. The shares fell. more
About 90 percent of Rhode Island business leaders think the U.S. economy will improve in the next 12 months, based on a survey taken by about 350 attendees at the Santander Bank and Greater Providence Chamber of Commerce Economic Outlook Breakfast at the Omni Hotel on Thursday. more
Despite severe winter weather during the first months of 2014 that put pressure on New England business owners in several industries, the overall economic outlook remains cautiously optimistic, according to the Federal Reserve Board’s Beige Book released Wednesday. more
(Updated, 4:10 p.m.) HealthSource RI is opening a temporary satellite office Monday in Warwick due to increased demand from residents of Cranston and Warwick, according to exchange spokeswoman Dara Chadwick. more
Paolino Properties has acquired the former Cherry & Webb department store building at 275 Westminster St. downtown, the Providence real estate firm announced Thursday. more
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