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Sam Wood

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WILL IT WORK? State Rep. Karen Alzate is the primary sponsor of one of two bills that would mandate a 32-hour workweek for certain businesses in Rhode Island. There’s not much support for it. 
PBN PHOTO/MICHAEL SALERNO

32-hour workweek law? Not much support in R.I.

In an effort to find and retain workers in a tight job market, some companies have toyed with the idea of converting to a...
EVERSOURCE ENERGY LLC is selling off its interests in the joint venture that is building massive power generation farms off the coasts of Rhode Island, Massachusetts and Long Island. / AP FILE PHOTO/DAVID GOLDMAN

Orsted to buy out wind farm seabed rights from Eversource Energy

PROVIDENCE – Orsted A/S, one of the world’s largest developers of offshore wind energy, announced Thursday that it had agreed to buy the interests...

At CCRI, Boston Fed chief hints at possible pause in interest...

WARWICK – In her appearance at the Community College of Rhode Island Thursday, Susan M. Collins, the president of the Federal Reserve Bank of...

Bryant to expand campus with ‘transformational’ donation from Fidelity

SMITHFIELD – Bryant University on Thursday announced its campus will undergo a  “transformational” expansion after accepting the donation of a 250,000-square-foot building from neighboring...
RHODE ISLAND T.F. GREEN International Airport at sunrise

T.F. Green gets $9M in federal grants for airport improvements

PROVIDENCE – The R.I. Airport Corp. on Wednesday was awarded more than $9 million in federal grants for operational upgrades and planning at Rhode...

Citizens Bank to pay $9M penalty for unlawful credit card servicing

PROVIDENCE – Without admitting fault, Citizens Bank on Tuesday agreed to pay $9 million to settle allegations of failing to properly manage and respond...

Federal judge denies Cranston hotel giant’s $100M COVID-19 loss insurance claim

PROVIDENCE – A federal judge last week dismissed a $100 million breach of contract lawsuit filed by the Procaccianti hotel group. The Procaccianti Cos. of...

Van Saun to present at Bernstein Strategic Decisions Conference

PROVIDENCE – CEOs from the world’s most notable companies, including at least two from Rhode Island, will participate in the Bernstein 39th Annual Strategic...

Five Questions With: Eric Baggesen

Eric Baggesen manages the assets and portfolios of the Ocean State’s state pension system as the chief investment officer for the R.I. Office of...

Bank of America launches accelerator program for fintech entrepreneurs

PROVIDENCE – Bank of America Corp. last week launched its impact accelerator program with the call for applications. The six-month Breakthrough Lab program provides tailored...
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