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Eli Sherman

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Eli Sherman is an award-winning journalist. He joined Providence Business News in November 2014 having previously worked as a metro reporter at the Waltham News Tribune. Sherman writes about economics, energy and the environment, entrepreneurship and finance. He's received top awards from the Society of American Business Editors and Writers, The Alliance of Area Business Publishers, the New England Newspaper & Press Association and The Rhode Island Press Association.

Rockland finalizes Peoples acquisition

BOSTON – Rockland Trust Co. finalized its acquisition of Peoples Federal Savings last month taking over eight new branches in the Greater Boston Area. Rockland...
THE DEEPWATER WIND TEAM meets recently at the wind energy company's Providence offices, including, from left, consultant Jan Ibsoe, CEO Jeffrey Grybowski, contractor David Grassbaugh and Bryan Wilson, Block Island Wind Farm project manager. / PBN FILE PHOTO/MICHAEL SALERNO

Deepwater completes financing for Block Island wind farm

PROVIDENCE – Deepwater Wind LLC announced Monday the securing of more than $290 million in debt and equity financing for its five-turbine, 30-megawatt Block...

Powell named CEO of Santander’s U.S. unit

BOSTON – Santander Holdings USA Inc. on Monday announced former J.P. Morgan Chase & Co. executive Scott Powell would become CEO of the U.S....

Creating urgency key to change

As Gov. Gina M. Raimondo prepares to unveil her first state budget March 12 she's using some time-tested leadership tactics to up the stakes,...
Standing Tall: Alstom Haliade 6-megawatt wind turbine, part of the Belwind Wind Project off Belgium. It is the same type of turbine Deepwater Wind will use off Block Island. / COURTESY ALSTOM HALIADE

Is wind the solution to R.I.’s energy challenges? The answer is...

With Cape Wind Associates LLC's massive wind-energy project off Massachusetts derailed – at least for now – Rhode Island's Deepwater Wind LLC may have...

Current state, federal incentives for renewable energy

n R.I. Renewable Energy Fund – Provides grants and loans to residential, commercial and municipal consumers for renewable energy installations and feasibility studies. The...
STITCHED TOGETHER: Ocean State Embroidery Inc. co-owner Robin Moorehead, third from left, was able to purchase new equipment for her business with the help of a Navigant Credit Union loan. She's pictured above, from left, with Joseph Morel, Debbie Lowell and Mary Ellen. / PBN PHOTO/?RUPERT ?WHITELEY

Small biz, credit unions share interests

Robin Moorehead and her husband, Gary, in 2002 packed up their embroidery business, put it in a trailer behind their recreation vehicle and hit...

FM Global reports 2014 earnings highlights, net income fell 6.2%

JOHNSTON – FM Global on Friday reported net income in 2014 fell 6.2 percent to $956.4 million and gross premiums earned decreased 1.9 percent,...
UPON COMPLETION OF ITS $4.7 billion acquisition of International Game Technology, GTECH will take the IGT name and move its headquarters from Rome to London. The company says that its Providence operations will not be changed by the merger and re-branding.

With completion of $4.7B deal, GTECH becomes IGT

PROVIDENCE – GTECH is changing its name and moving its corporate headquarters, but keeping its iconic blue and orange globe. Rome-based GTECH S.p.A., parent of...
GOV. GINA M. RAIMONDO signs the executive order establishing a group that will restructure Medicaid in Rhode Island. She is surrounded by members of the group. Elizabeth H. Roberts, state secretary of health and human services, is standing behind Raimondo. / PBN PHOTO/ELI SHERMAN

Raimondo establishes group to restructure Medicaid

(Updated 5:04 p.m.) PROVIDENCE – Gov. Gina M. Raimondo on Thursday signed an executive order establishing a group to restructure Medicaid in Rhode Island,...
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