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William Hamilton

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House budget a mixed bag for business

(Corrected, 3:30 p.m.) PROVIDENCE – The state's business community appears to have successfully fended off Gov. Lincoln D. Chafee’s proposal to expand the sales tax,...
A JOB seeker looks at listings on a bulletin board in the One Stop Career Link Center in San Francisco, Calif. In May, the Rhode Island jobless rate remained unchanged but the state added 1,300 jobs for the month. /

R.I. jobless rate unchanged in May; 4th month of job gains

PROVIDENCE – Rhode Island’s unemployment rate held steady at 10.9 percent in May, even though the state picked up an additional 1,300 jobs for...

Leaders discuss keys to successful Knowledge District development

EAST PROVIDENCE – Calling the redevelopment of the former Interstate 195 land in downtown Providence a “once in a lifetime opportunity,” Mayor Angel Taveras...
JOB seekers wait to speak to recruiters at the HireLive management and sales job fair in San Diego, Calif., on May 5. Locally, Rhode Island's unemployment rate fell below 11 percent for the first time in almost two years on Friday. /

R.I. jobless drops below 11%

PROVIDENCE – Rhode Island’s unemployment rate fell below 11 percent for the first time in almost two years when it ticked down a tenth...
BANCORP RHODE ISLAND INC. said its first-quarter profit edged upward nearly 4 percent. /

BankRI 1Q profit up 4%

PROVIDENCE – Bancorp Rhode Island Inc., which has agreed to be acquired by a Massachusetts bank at the end of 2011, said on Thursday...

Washington Trust 1Q income beats estimates

WESTERLY – Washington Trust Bancorp Inc., parent of The Washington Trust Co., said on Monday that its first-quarter profit increased by nearly a third...
FILE PHOTO: JOB SEEKERS line up outside a career fair. Rhode Island's jobless rate fell in March to 11 percent. /

R.I. unemployment rate falls to 11%

PROVIDENCE – Rhode Island’s unemployment rate continued to fall in March, declining two-tenths of a percentage point to 11 percent, as the state picked...
MOODY'S INVESTORS Service has cut its credit rating on Coventry's general obligation bonds by a notch on Wednesday. /

Moody’s cuts Coventry’s credit rating

COVENTRY – Moody’s Investors Service has cut its credit rating on Coventry’s general-obligation bonds by a notch and put a negative ratings watch on...
THE R.I. Economic Development Corporation awarded a $200,000 grant to a 10 to 15 megawatt solar-power project at a former East Providence landfill on Monday. /

R.I. EDC approves grant, loan for solar-power project, Bristol repair shop

PROVIDENCE – The R.I. Economic Development Corporation awarded a $200,000 grant to a 10 to 15 megawatt solar-power project at a former East Providence...
BRENT BURDICK (left), chairman of the Cottrell Federal Credit Union, and Paul Archambault, president and CEO of Warwick-based Wave Federal Credit Union (right), said the two local credit unions will merge as of April 30. /

Two local credit unions announce merger

WARWICK – Cottrell Federal Credit Union, a small Westerly credit union with $3.05 million in assets, is merging into Warwick-based Wave Federal Credit Union,...
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