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JPMorgan’s Dimon among CEOs rejecting investor-centric model

NEW YORK – Jamie Dimon and other leaders at some of the world’s largest companies said they plan to abandon the long-held view that...
A $25 MILLION project to upgrade Providence Station, including expanding the building's interior space and upgrading bathrooms, has been funded by federal grants, Amtrak and RIDOT. / PBN FILE PHOTO/MICHAEL SALERNO

Providence Station to get $25 million in upgrades, renovations

PROVIDENCE – A $25 million upgrade to Providence Station is in the works, Sen. Jack Reed, D-R.I., announced Monday.The plans for the state’s busiest...
DESIGNxRI and Innovate Newport are hosting a five-workshop series in Newport for designers funded by Real Jobs Rhode Island.

Business development workshops for designers begin this week in Newport

NEWPORT – A series of workshops aimed at designers and innovators is set to kick off this week in Newport.Organized by DESIGNxRI and Innovate...

Stocks rise, treasuries fall on stimulus bets

NEW YORK – U.S. stocks rose for a second day as investors got a reprieve from trade posturing and speculation mounted that European officials...
TWIN RIVER plan to lay off 100 casino workers due to the impact of Encore Boston Harbor casino on table games in Lincoln. Above, Marc Crisafulli, the newly named president of Rhode Island operations for Twin River Worldwide Holdings. PBN FILE PHOTO/MICHAEL SALERNO

Twin River plans layoffs after Encore introduction

PROVIDENCE – Twin River Worldwide Holdings Inc. expects to lay off roughly 100 Rhode Island casino workers, the company confirmed Friday.The company cited a...
THE RHODE ISLAND PENSION system had a return rate of 6.5% in fiscal 2019, according to R.I. General Treasurer Seth Magaziner. / PBN FILE PHOTO/MICHEAL SALERNO

R.I. pension plan sees 6.5% return in FY19

PROVIDENCE – The Rhode Island state worker pension plan had a one-year rate of return in fiscal 2019 of 6.5%, according to a report...
CONSTRUCTION EMPLOYMENT In Rhode Island increased 5.2% year over year in July, the fastest rate of increase in New England./ PBN FILE PHOTO/ MICHAEL SALERNO

R.I. construction employment growth highest in New England in July

PROVIDENCE – The year-over-year construction employment growth rate in Rhode Island in July was the 15th-highest in the nation, according to the Associated General...

Fed survey finds tariffs pushing up prices, pinching profits

WASHINGTON – A new survey by the Federal Reserve Bank of New York found a growing conviction among businesses that President Donald Trump’s tariffs...
BANK OF AMERICA CEO Brian Moynihan said that recession risks are low in the U.S. as consumer spending remains strong but noted that fear of a recession could impact the economy. / BLOOMBERG NEWS/SIMON DAWSON

BofA’s CEO says the biggest recession risk is the fear of...

NEW YORK – Bank of America Corp. CEO Brian Moynihan said this week’s bond-market turmoil has been driven by issues outside the United States,...
RHODE ISLAND had the second-highest unemployment rate in New England, despite a nearly half-percentage point decline year over year. / BLOOMBERG FILE PHOTO/TIM BOYLE

R.I. still has second highest unemployment rate in N.E.

PROVIDENCE – The unemployment rate in Rhode Island in July was the second highest in New England, according to the U.S. Bureau of Labor...
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