Chris Bergenheim, Author at Providence Business News

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CURRENT CONDITIONS INDEX for Rhode Island in October was 83. A CCI above 50 indicates economic growth. /COURESY LEONARD LARDARO

Lardaro: R.I. CCI shows growth, but there is ‘potential reason for...

Economic Activity 12/11/2017

PROVIDENCE - University of Rhode Island economist Leonard Lardaro posted a Current Conditions Index for Rhode Island in October of 83, a 33-point gain...

R.I. ATTORNEY GENERAL Peter F. Kilmartin joined attorneys general from 12 states and the District of Columbia in filing a lawsuit over the U.S. Environmental Protection Agency's failure to designate areas of the country impacted by smog in time dictated by the Clean Air Act. / PBN FILE PHOTO/ MICHAEL SALERNO

Kilmartin joins lawsuit over EPA’s delay on Clean Air Act requirements

Government 12/08/2017

PROVIDENCE – R.I. Attorney General Peter F. Kilmartin has joined attorneys general from 12 states and the District of Columbia in a lawsuit against...

UNITED NATURAL FOODS INC. reported a $30.5 million profit for the quarter ended Oct. 28, 2017.

UNFI nets $30.5M in 2018 Q1

Capital Goods 12/08/2017

PROVIDENCE – United Natural Foods Inc. reported net income of $30.5 million for its fiscal 2018 first quarter, ended on Oct. 28, an increase...

BROWN UNIVERSITY has met its initial fundraising goal for its Brown Promise initiative that will replace university loans with scholarships in financial aid awards. / COURTESY BROWN UNIVERSITY

Brown reaches first fundraising goal to convert loans to scholarships

Education 12/07/2017

PROVIDENCE – Brown University has reached its first $30 million fundraising goal to replace loans with scholarship funds in financial aid packages for all...

THIRD-QUARTER HOME EQUITY was estimated to have risen by $16,000 year over year in Rhode Island. / COURTESY CORELOGIC

Report: 7.5% of R.I. mortgages in negative equity in 3Q

Real Estate 12/07/2017

PROVIDENCE – In the third quarter of 2017, 7.5 percent of mortgaged homes in Rhode Island had negative equity mortgages, according to CoreLogic Thursday. Year...

GOV. GINA M. RAIMONDO and the R.I. Department of Labor and Training announced another unemployment insurance tax rate reduction that will take effect at the start of the 2018 calendar year. PBN FILE PHOTO/ MICHAEL SALERNO

Raimondo announces UI reduction for 2018

Government 12/06/2017

PROVIDENCE – The R.I. Department of Labor and Training will lower unemployment insurance tax rates next year, Gov. Gina M. Raimondo announced Wednesday. The governor’s...

PASSENGER TRAFFIC AT T.F. GREEN Airport increased 6.25 percent year over year in September to 321,282 passengers. / COURTESY R.I. AIRPORT CORPORATION

Sept. traffic up 6% at T.F. Green

Hospitality & Tourism 12/06/2017

WARWICK – Passenger activity at T.F. Green Airport increased 6.25 percent year over year in September, according to the R.I. Airport Corp. In September, 321,282...

CVS AND AETNA agreed upon a $2.1 billion termination fee if the companies' merger fails to come to fruition. / BLOOMBERG FILE PHOTO/CHRISTOPHER LEE

CVS’s Aetna takeover comes with $2.1B termination fee

Health Services 12/06/2017

NEW YORK - CVS Health Corp. could owe Aetna Inc. $2.1 billion if the drugstore chain’s acquisition of the health insurer fails, according to a...

THE PROVIDENCE COUNTY average weekly wage rose 1.5 percent year over year to $1,016 in the second quarter of 2017. / COURTESY BLS

BLS: Providence County 2Q employment grew 0.5 percent

Economic Activity 12/05/2017

PROVIDENCE – Employment in the 2017 second quarter (measured in June) in Providence County was 287,200, a 0.5 percent increase year over year, according...