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Rhode Island
Thursday, January 24, 2019

Government

S&P GLOBAL RATINGS has upgraded R.I. Commerce Corp.’s general airport revenue bonds issued for the R.I. Airport Corp. from BBB+ to A. / COURTESY R.I. AIRPORT CORP.

S&P upgrades bond ratings for RIAC

PROVIDENCE – Standard & Poor’s Global Ratings has upgraded R.I. Commerce Corp.’s general airport revenue bonds issued for the R.I. Airport Corp. from BBB+...
THE IMPACT OF the partial government shutdown is expected to expand exponentially the longer the shutdown extends as federal agencies, without intervention, will run out of cash on hand or lose unpaid employees to staff integral positions. / BLOOMBERG NEWS FILE PHOTO/ELIJAH NOUVELAGE

The shutdown’s bad. Buckle up because it could get much worse

NEW YORK - Airport security screeners could quit en masse, grounding flights. The federal courts could stop hearing civil cases. City buses could stop running.And...
R.I. HOUSING CEO and Executive Director Barbara Fields will exit her role following the expiration of her contract on March 1 to explore opportunities at a national level. / PBN FILE PHOTO/RUPERT WHITELEY

Barbara Fields to leave ED role at R.I. Housing in March

PROVIDENCE – R.I. Housing CEO and Executive Director Barbara Fields will step down from her role in March when her contract expires, R.I. Housing...

Federal Reserve System reports annual net income exceeding $63B

PROVIDENCE – The Federal Reserve System’s estimated net income for 2018 is $63.1 billion, the Fed announced. The figure represents the combined profit of...
GENERAL DYNAMICS ELECTRIC BOAT plans to increasing staffing and suppliers in Rhode Island for the company's work on the U.S. Navy's next generation of nuclear-powered submarines./COURTESY GENERAL DYNAMICS ELECTRIC BOAT

General Dynamics Electric Boat: Full speed ahead on submarine work

WARWICK – General Dynamics Electric Boat plans to add between 1,000 and 1,500 jobs in Rhode Island and grow its local network of suppliers...
THE SHUTDOWN of the Small Business Administration has paused approval of roughly $200 million in SBA-guaranteed loans per day since the agency was furloughed on Dec. 22, according to the Washington Post.

WaPo: Furlough of SBA affects over $200M in loans for small...

PROVIDENCE – The partial federal shutdown has paused approvals of new U.S. Small Business Administration-backed loans, the Washington Post reported Friday.The Post said that...
video

PBN on WJAR-TV, Jan. 14, 2019

The business of educating teachers is shrinking in R.I.Every week, PBN Editor Mark S. Murphy appears on WJAR-TV NBC 10’s Coffee Break to discuss...
THE TRUMP ADMINISTRATION'S effort to let companies with religious or moral objections opt out of Obamacare requirements that they offer free contraception coverage in their employee health care plans was issued a preliminary injunction in 13 states, including Rhode island, and the District of Columbia. / BLOOMBERG NEWS FILE PHOTO/KHOLOOD EID

Judge blocks Trump plan to revoke Obamacare contraceptive rule

NEW YORK - The Trump administration’s effort to let companies with religious or moral objections opt out of Obamacare requirements that they offer free...
A 16-POINT INCREASE was measured in the November 2018 CCI compared to the October 2018 figure. However, the latest data still represents a 34-point decrease year over year when compared to November 2017. / COURTESY LEONARD LARDARO

CCI increases in Nov., but signs point to “weakening” economy

SOUTH KINGSTOWN – Characterizing November’s performance as a “reprieve” from October's results, University of Rhode Island Economist Leonard Lardaro announced the November Rhode Island...
A NATIONAL SETTLEMENT with Robert Bosch and Fiat Chrysler will result in an $860,000 payment to Rhode Island over the sale of diesel automobiles with software allegedly designed to hide harmful emissions. / BLOOMBERG NEWS FILE PHOTO/OLIVER BUNIC

R.I. receives $860K in national settlement with Fiat Chrysler/Robert Bosch over...

PROVIDENCE – Rhode Island received $860,000 in a national settlement with Fiat Chrysler Automobiles N.V. and Robert Bosch GmbH related to the alleged installation...
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