Regulation
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Deloitte to audit 38 Studios’ books
The R.I. Economic Development Corporation has commissioned a forensic audit of 38 Studios LLC to learn how Curt Schilling’s beleaguered video game company ran out of money and how much the former pitcher has put into it. more
Obama frees R.I., 7 other states from ‘No Child’ testing rules
President Barack Obama freed eight states, including Rhode Island, from provisions of the No Child Left Behind education-testing law after they pledged to turn around low-performing schools and tie teacher evaluations to student achievement. more
R.I. nonprofits face June deadline
Rhode Island’s 7,900 nonprofit businesses are required to file their annual reports with the Secretary of State’s office during June. more
| 5/29/12
38 Studios’ former employees in high demand
Rival game companies are lining up to hire the recently unemployed staff of 38 Studios LLC, former Boston Red Sox pitcher Curt Schilling’s embattled gaming company, according to Boston.com. more
| 5/29/12
38 Studios back in default
Gov. Lincoln D. Chafee said Friday afternoon that 38 Studios LLC was back in default on its $75 million loan guarantee deal with the state for violating labor laws governing mass layoffs. more
NBC honors 21 companies for regulatory excellence
At its 18th annual Environmental Merit Awards ceremony, the Narragansett Bay Commission recognized 21 local companies that achieved perfect regulatory compliance and outstanding pollution prevention throughout the year. more
| 5/25/12
State would get 18% of Twin River table game revenue
Rhode Island would receive 18 percent of revenue from proposed table games at Twin River Casino if voters this November approve allowing the facility to open them there. more
America’s Cup committee announces regulations for race days
Area boaters are being asked to take notice of safety zone regulations during the America’s Cup World Series, which will race through the East Passage of Narragansett Bay June 23 through July 1. more
House holds Hospital Conversions Act
Those counting on the Hospital Conversions Act to be approved May 24 by the House Corporations Committee will have to wait until another day. No direct action was taken Thursday night at a committee meeting. more
Moody’s affirms 38 Studios bond rating on R.I.’s moral obligation
Moody’s Investors Service – a globally recognized rating company – affirmed the ‘A2’ rating on 38 Studios’s bonds since the bonds’ “stable” outlook is based on the state’s moral obligation pledge, which high-ranking Rhode Island officials say they intend to honor. more
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