Politics
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U.S. stock futures drop as Cyprus bank levy renews euro concern
U.S. stock-index futures fell as euro-area leaders imposed a levy on Cypriot bank deposits to cut the cost of a bailout, sparking concern the measure may one day be used in the bigger economies of Spain or Italy. more
Judge rules Providence pension settlement fair
Superior Court Associate Justice Sarah Taft-Carter has issued a ruling that Providence’s pension settlement is “fair, reasonable and adequate,” according to a statement released today by Providence Mayor Angel Taveras. more
| 3/11/13
Chafee nominates 5 for EDC board
Shannon Brawley, Nancy Carriuolo, Roland Fiore, Jason Kelly and George Nee are the latest to be nominated by Gov. Lincoln D. Chafee for the R.I. Economic Development Corporation board of directors, Chafee announced Thursday afternoon. more
| 3/7/13 | 1 comment
Schilling seeks lawsuit dismissal
Former Red Sox pitcher Curt Schilling has filed court documents asking R.I. Superior Court Judge Michael Silverstein to throw out the state of Rhode Island’s lawsuit against him and others at now-defunct videogame company 38 Studios LLC, reported The Boston Globe. more
| 3/5/13
Chafee admits difficulty finding new EDC board candidates
Gov. Lincoln D. Chafee Monday night said he expects to nominate new members to the depleted R.I. Economic Development Corporation Board of Directors by the end of the week, but acknowledged finding candidates has been difficult. more
U.S. stock futures decline on China data, federal spending cuts
U.S. stock-index futures declined as growth slowed in China’s services industry and American lawmakers signaled federal spending cuts will continue for weeks before they can reach a budget resolution. more
White House: Sequestration projected to cost R.I. $39M
Rhode Island programs and payrolls are expected to lose more than $39 million to the automatic sequestration cuts threatening to take place on March 1, according to a report released by the White House on Sunday detailing how the deep spending cuts will affect every state in the country. more
| 2/25/13
R.I. defense workers could lose $34M from spending cuts
Rhode Island could face $34.1 million in Defense Department civilian payroll cuts if automatic spending cuts kick in on March 1, the Associated Press reported. more
| 2/21/13
U.S. stocks little changed after S&P 500 reaches 5-year high
U.S. stocks were little changed, after the Standard & Poor’s 500 Index climbed to a five-year high, as European leaders met to discuss the region’s crisis and investors awaited President Barack Obama’s speech on his legislative priorities. more
Legislators promise collaboration, perspective in 2013 at GPCC lunch
Collaboration, perspective and planning were the watchwords at the Greater Providence Chamber of Commerce’s 2013 Legislative Luncheon, where more than 650 people gathered at the R.I. Convention Center on Wednesday to hear the state’s legislators discuss economic development, tax policy and the state’s business climate. more
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