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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.
Bruce Van Saun, chairman and CEO of Citizens Financial Group Inc., in his office at 1 Citizens Plaza in Providence. / PBN FILE PHOTO/MICHAEL SALERNO

Citizens CEO Van Saun made $8.5M in 2017

PROVIDENCE – Bruce Van Saun, chairman and CEO of Citizens Financial Group Inc., made $8.5 million in 2017, marking a 7.5 percent decline from...
THE R.I. DEPARTMENT of Environmental Management received several reports of storm-related debris washing ashore in communities along the upper part of Narragansett Bay./COURTESY R.I. DEPARTMENT OF ENVIRONMENTAL MANAGEMENT

Debris washes ashore in R.I. upper bay communities

PROVIDENCE – A recent storm inundated the East Providence wastewater treatment center, causing pinwheel-looking debris to wash ashore in a number of coastal communities. The...
A PHOTO OF the state capitol is taken from the Statehouse lawn in Providence./ COURTESY JACK NEWTON

Rhode Island lawmakers mull $6.6M unemployment insurance scoop

PROVIDENCE – Rhode Island lawmakers are mulling a controversial proposal to dip into a near-$500 million unemployment insurance fund to pay for a popular...
SCOTT C. DONNELLY is the CEO, chairman and president of Textron Inc., a global manufacturer based in Providence./ COURTESY OF TEXTRON INC.

Textron CEO made $14.8M in 2017

PROVIDENCE – Scott C. Donnelly, president and CEO of Textron Inc., made $14.8 million in 2017, representing a 17 percent increase from the previous...
DAVID SOUCY is the president of Soucy Insurance Agency in Woonsocket, which was recently acquired by Thompson Insurance Group in East Providence. / COURTESY SOUCY INSURANCE AGENCY

Thompson Insurance acquires Soucy Insurance in Woonsocket

WOONSOCKET – Thompson Insurance Group in East Providence has acquired Soucy Insurance Agency in Woonsocket. Soucy Insurance, a property and life insurer with 10 employees,...
KEB BRACKENBURY is senior vice president and director of commercial real estate lending at Bank Rhode Island. / COURTESY BANK RHODE ISLAND

Five Questions With: Keb Brackenbury

Keb Brackenbury is senior vice president and director of commercial real estate lending at Bank Rhode Island. He talks with Providence Business News about...
RHODE ISLAND General Treasurer Seth Magaziner says his renewed strategy of moving nearly $500 million out of hedge funds and into more "traditional investments for growth and stability" has contributed to the state pension fund's robust growth, which earned about $255 million in January, representing a 3 percent return net of fees. / PBN FILE PHOTO/MICHAEL SALERNO

Rhode Island pension fund earns $255M in January

PROVIDENCE – The state pension fund earned $254.8 million in January, representing a 3 percent return net of fees. The $8.6 billion fund outperformed both...
SECRETARY OF THE COMMONWEALTH William F. Galvin has sent letters to hundreds of MetLife Inc. retirees informing them they are owed pension payments, following a December investigation into the company. / COURTESY MASSACHUSETTS SECRETARY OF THE COMMONWEALTH

Mass. notifies hundreds of MetLife retirees about owed pension payments

PROVIDENCE – Massachusetts has sent hundreds of letters to retirees of MetLife Inc., telling them they are owed pension payments. Secretary of the Commonwealth William...
THE CONSUMER FINANCIAL Protection Bureau recently published a blog detailing all the ways people can save for unexpected expenses.

CFPB offers tools to help families save for future, unexpected expenses

PROVIDENCE – The Consumer Financial Protection Bureau is highlighting a host of tools it provides for individuals and families to save for emergencies and...
THE PAWTUXET RIVER'S crest in Cranston is expected to reach its highest level since the March 2010 floods on Saturday. At nine feet, some flooding is expected, according to the NWS.

Pawtuxet River expected to crest at highest level since March 2010...

CRANSTON – The National Weather Service is projecting the Pawtuxet River in Cranston will crest at its highest level since the March 2010 floods. The...
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