Updated June 29 at 12:29pm
Local News
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The R.I. Commerce Corp. has agreed to a $12.5 million proposed settlement with several defendants involved in the pending 38 Studios lawsuit. more
Construction of the $220 million South Street Landing project is expected to begin this month, following initial site work. more
In Rhode Island, Providence County has the largest annual inheritance sums at approximately $1.2 billion, according to SmartAsset. more
Ross McCurdy, a teacher at Ponaganset High School in Scituate, received the Presidential Innovation Award for Environmental Educators given out by the U.S. Environmental Protection Agency at a recent White House ceremony. more
Forbes on Monday named Washington Trust Bancorp one of the top 50 most trustworthy financial companies in the country. more
Employers added 215,000 jobs in July and the unemployment rate held at a seven-year low of 5.3 percent, signs of further progress in the U.S. labor market that’s keeping the Federal Reserve on the path toward raising interest rates as soon as next month. more
Washington Trust Bancorp Inc., parent of Washington Trust Co., paid $7.1 million to complete the acquisition of Halsey Associates Inc., increasing the bank’s wealth management assets by 15 percent. more
Aspen Aerogels Inc. narrowed its loss to $2.7 million and reported what it characterized as “record” second-quarter revenue for the period that ended June 30. more
Lifespan has created the Lifespan Lyme Disease Center at Newport Hospital, which it said is the first of its kind in the state. more
Sensata Technologies Holding N.V. has reached an agreement to acquire the sensing portfolio of Custom Sensors & Technologies Inc. for $1 billion, a move that will extend the company’s reach beyond the automotive industry. more
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