Wednesday, April 24, 2024

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Government

WEBSTER FINANCIAL CORP., which received $400 million in new capital under the U.S. Treasury program, said the stock issued to the Treasury has a par value of 1 cent per share with a liquidation preference of $1,000 per share. 
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Webster receives Treasury funds

WATERBURY, Conn. – Webster Financial Corp. (NYSE: WBS), the parent of Webster Bank, has received $400 million in new capital under the U.S. Treasury’s...

Officials warn about health-discount cards

CRANSTON – Prompted by a string of inquiries about a prominently advertised health discount card, Health Insurance Commissioner Christopher F. Koller’s office has issued...

Studies: Medicare Advantage increases costs, not care

WASHINGTON – Two studies published last week in the journal Health Affairs show that Medicare Advantage plans, which now cover about 10.1 million people,...
BILL FLYNN heads the Senior Agenda Coalition, which is an advocate for moving more seniors from nursing-home care to home health care. /

Five Questions With: Bill Flynn

Nearly 1 in 7 Rhode Island residents is over 65, and almost 1 in 40 is over 85, according to the U.S. Census Bureau....

Medicaid waiver may fall short

The buzzword is “choice.” Rather than force elderly and disabled Rhode Islanders to go into nursing homes – because it is the only option...
A HARD DRIVE containing an arm created at Technical Materials Inc. in Lincoln, one of the manufacturers toured by the House Finance Committee last month. /

R.I. manufacturers make their case

Manufacturing in Rhode Island is caught between the old and the new. Economic-development planners talk about the need to attract knowledge-based industries with high-skilled jobs....

Fix short term, but invest for long term

At the top of the state’s to-do list is BALANCE THE BUDGET. The short-term problem is how to match revenue and expenses over the...

Don’t let low cost stop energy innovation

Low oil and natural gas prices are good for consumers and good for businesses. The only problem is, they tend to reduce the passion...

EDC issues rules for fund to spur renewable energy

State officials are in the final stages of overhauling Rhode Island’s multimillion-dollar Renewable Energy Development Fund. The fund receives about $200,000 per month from an...

Fluctuating energy prices make budget planning tough

It has been a whiplash-inducing couple of months for the men and women who manage energy costs at their respective organizations. On July 11, the...
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