Regulation
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Treasuries fall before U.S. bond sale amid stimulus speculation
Treasuries fell before the U.S. auctions $13 billion of 30-year bonds at what may be a record low yield amid speculation the Federal Reserve may take further measures to spur economic growth. more
RBS sues Schilling over 38 Studios loan
RBS Citizens has sued former Red Sox pitcher Curt Schilling for $2.4 million to recover the loans made to Schilling’s defunct video game company, 38 Studios LLC, The Boston Globe reported. more
| 6/14/12
Judge OKs stalking horse bid for Westerly Hospital
Following a two-hour hearing on June 13, Superior Court Judge Brian Stern gave his approval to a $69 million “stalking horse” bid from Lawrence & Memorial in New London, Conn. to purchase Westerly Hospital, now in receivership. more
Woonsocket faces receivership
Woonsocket is facing possible receivership after state lawmakers and Gov. Lincoln D. Chafee failed to agree on a supplemental tax package to repair the city’s finances before the end of this year’s legislative session Tuesday night. more
Minimum wage hike heads to Chafee for approval
The Ocean State’s lowest earners could be getting their first pay bump in five years as legislation heads to Gov. Lincoln D. Chafee for approval, according to the Associated Press. more
| 6/12/12
Hospital Conversions Act passed in Senate
With the unanimous positive vote by the R.I. Senate on Monday evening, legislation changing the Hospital Conversions Act has been sent to the governor’s desk to be signed. more
Chafee replaces Vareika nomination on EDC board
Gov. Lincoln D. Chafee has nominated Peter Crowley – owner of Newport-based La Forge Casino Restaurant – for the R.I. Economic Development Corporation board of directors. more
| 6/8/12
R.I. sees 63% growth in high-income taxpayers
The number of high-income taxpayers in Rhode Island grew 63 percent from 1999 to 2009, according to a new report from The Tax Foundation. more
| 6/7/12
38 Studios declares bankruptcy as formal investigation begins
(Updated 6:00 p.m.) Former Red Sox pitcher Curt Schilling’s beleaguered video game company 38 Studios LLC has declared bankruptcy as a formal investigation of the company begins. more
| 6/7/12 | 1 comment
RIPEC: Mass. casinos are bad news for R.I. revenue
Casino gaming in the Bay State will likely negatively affect revenue for both Rhode Island’s casino operators and the state of Rhode Island itself, according to a new report from the R.I. Public Expenditure Council. more
| 6/7/12 | 2 comments
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