Brian Chappatta
Traders’ Fed roadmap is upended as inflation miss rocks markets
NEW YORK - While bond and currency traders still see a Federal Reserve rate hike Wednesday as all but baked in, the latest disappointing...
Tobacco-bond deals revived as U.S. states conjure up budget cash
NEW YORK - Almost two decades after U.S. states settled with tobacco companies on payments for health-care costs, officials are still finding new ways...
Rhode Island $618M tobacco bond to end seven-month delay
NEW YORK - Rhode Island is set to issue $618 million of tobacco bonds next week, which would end a seven-month delay caused by...
Providence gets 30% bonus curbing $109,000 retirees
NEW YORK - Providence was so close to running out of cash a year ago that it couldn’t pay for tires on police cars....
Brown to benefit from $127M bond sale
NEW YORK - Brown University will use a $127.4 million bond sale to renovate downtown property after agreeing in May to almost double annual...
R.I. sets $118M bond sale with distressed cities
NEW YORK - Rhode Island plans to sell $118.5 million of general-obligation bonds as fiscal strains have led to downgrades for cities - including...
Providence drops lawyer who predicted bankruptcy
PROVIDENCE - Mayor Angel Taveras cut ties to an adviser who said the Rhode Island capital probably would be forced to seek bankruptcy protection.
Taveras...
Providence Chapter 9 "unavoidable"
PROVIDENCE - Providence, Rhode Island’s capital and biggest city, probably will seek bankruptcy court protection to deal with a budget deficit, Robert Flanders, the...
Woonsocket bonds dropped to ‘junk’
WOONSOCKET – Fitch Ratings dropped $117.8 million of general-obligation bonds issued by Woonsocket three steps to below investment grade, or “junk.”
An estimated $7.3 million...