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Chris Bergenheim

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THE MBTA has proposed across-the-board fare increases, including commuter rail monthly pass costs. / PBN FILE PHOTO/BRIAN MCDONALD

MBTA fare-increase proposal would raise commuter rail travel costs

PROVIDENCE – The proposed fare increase for the Massachusetts Bay Transportation Authority would increase fares for monthly pass customers of the commuter rail from...
THE COMMERCE RI Board of Directors approved incentives for CV Properties and its construction of the Aloft Hotel in the I-195 Innovation District. Above on the right, an initial rendering of the hotel. Commerce also approved incentives for the relocation and staff hiring at Custom & Miller Box and approved five innovation vouchers Monday. / COURTESY ­WEXFORD SCIENCE & ­TECHNOLOGY

Commerce RI approves incentives for Aloft Hotel, Custom & Miller Box

PROVIDENCE – The R.I. Commerce Corp. board of directors approved incentives for CV Properties LLC and Custom & Miller Box, as well as Innovation...
THE MEDIAN price of a Rhode Island single-family home increased 3.9 percent year over year in December to $265,000. / COURTESY RHODE ISLAND ASSOCIATION OF REALTORS

R.I. home prices increase in Dec. while sales decline

PROVIDENCE – The median price of a single-family home in Rhode Island increased 3.9 percent year over year to $265,000 in December, according to...
A WARN notice has been filed for 59 workers at Tuition Management Services in Warwick, with an expected closing of the facility between April and August. TMS was purchased by NelNet Business Solutions in November.

Tuition Managment Services files WARN notice for 59 workers in Warwick

WARWICK - A Worker Adjustment and Retraining Notification has been filed by Tuition Management Services, based in Warwick, impacting 59 workers, according to the...
GOV. GINA M. RAIMONDO announced the launch of a $1.45 million emergency loan fund for small businesses on Aquidneck Island directly impacted by the gas shutoff last week. / PBN FILE PHOTO/MICHAEL SALERNO

R.I., National Grid announce aid for Aquidneck Island small businesses

NEWPORT – Rhode Island has created a $1.45 million loan fund for small businesses directly affected by the gas outage on Aquidneck Island, Gov....
RHODE ISLAND CREDIT UNION and Alliance Blackstone Valley Federal Credit Union have announced plans to merge.

RI Credit Union and Alliance Blackstone Valley Federal Credit Union announce...

PROVIDENCE – Rhode Island Credit Union and Alliance Blackstone Valley Federal Credit Union have reached a merger agreement, the credit unions announced Friday. The merger...
TEXTRON REPORTED $1.2 billion in profit in 2018, in part due to a $419 million post-tax gain from selling its Tools & Test Equipment product line. / COURTESY TEXTRON

Textron reports $1.2B profit in 2018

PROVIDENCE – Textron Inc. reported net income of $1.2 billion for 2018, nearly quadrupling its 2017 earnings of $307 million, according to a company...
FORMETRIX INC. , spun out from NanoSteel's additive manufacturing segment, appointed a new CEO, Scott Pearson, and is planning to move its headquarters to a mixed use space in the Greater Boston Area.

Formetrix spins out from Nanosteel, appoints CEO, plans move to Mass.

PROVIDENCE – Formetrix Inc., a designer and producer of steel alloys for 3D printed components, was recently spun out of Providence-based company NanoSteel. The spin...
NATIONAL GRID provided updates Wednesday on efforts to restore gas service to impacted customers in Middletown and Newport. The Newport system is still in the process of being shut down customer by customer. The small Middletown system is in the process of being re-lit after successful reintroduction of gas pressure over the evening. / PBN FILE PHOTO/ELI SHERMAN

National Grid provides update on gas restoration efforts

NEWPORT – On day three of the National Grid low-pressure gas service shutdown in Middletown and Newport, officials gathered to provide updates on the...
THE MEDIAN price of a single-family home in Bristol County, Mass., increased 5.2 percent to $300,000 over the course of 2018. / BLOOMBERG NEWS FILE PHOTO/SCOTT MCINTYRE

Median price of a Bristol County, Mass., home increases 5.2% in...

PROVIDENCE – The year-to-date median sale price of a single-family home in Bristol County, Mass., increased 5.2 percent from December 2017 to December 2018...
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