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Tuesday, September 25, 2018

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THE S&P Supercomposite Homebuilding Index is down 21 percent year-to-date, on track for the biggest annual drop since 2008. / BLOOMBERG NEWS

Builders slump as U.S. housing market shifts to the slow lane

NEW YORK - The housing market is stalling, and homebuilder stocks are feeling the pain.The S&P Supercomposite Homebuilding Index is down 21 percent year-to-date, on...
INFOSYS PRESIDENT Ravi Kumar said that the India-based technology giant tentatively plans to open Design & Innovation hub in Providence in early December. / BLOOMBERG NEWS FILE PHOTO/ANDREW HARRER

Infosys targets Providence hub opening for December

PROVIDENCE – India-based technology giant Infosys Ltd. tentatively plans to open for business in Providence in early December, Infosys President Ravi Kumar said Monday.Speaking...
GOV. GINA M RAIMONDO and the R.I. Department of Education announced a new program that would offer high school juniors from low-income families to financial incentives prepare for the college application process. /PBN FILE PHOTO/MICHAEL SALERNO

New RIDE program pays low-income high school juniors to prepare for...

PROVIDENCE – High school juniors may now be eligible for up to $2,000 in short- and long-term payments to help afford college preparation tasks,...
MASSACHUSETTS U.S. ATTORNEY Andrew E. Lelling has announced the conviction of a former Rhode Island physician for his role in a 2012 Medicare fraud scheme. / COURTESY U.S. DEPARTMENT OF JUSTICE

Former R.I. physician convicted of Medicare fraud

BOSTON — A physician and former employee of New England Pain Management Associates, Inc. was convicted Sept. 21 by a federal jury of conspiring...
RHODE ISLAND regular gas prices declined 2 cents this week, while Massachusetts gas prices declined 1 cent, with both states' gas prices averaging $2.83 per gallon. / BLOOMBERG NEWS FILE PHOTO.LUKE SHARRETT

R.I. and Mass. gas prices average $2.83 per gallon this week

PROVIDENCE – The average price of a gallon of self-serve, regular unleaded gasoline in Rhode Island decreased 2 cents this week to $2.83 per...
COMPENSATION COSTS for private industry employers in New England increased 1.7 percent year over year in June to $40.97 per hour. / BLOOMBERG NEWS FILE PHOTO/LUKE SHARRETT

BLS: Private employer compensation costs in N.E. up 1.7% Y/Y in...

PROVIDENCE – Employer costs per hour for compensation in the private sector in New England increased 68 cents year over year to $40.97, a...
THE MIRIAM HOSPITAL has received a $9.4 million grant from the National Institutes of Health to establish the Center for Antimicrobial Resistance and Therapeutic Discovery to research "superbugs" and to look for potential new drugs. / COURTESY LIFESPAN

The Miriam Hospital receives $9.4M grant to study antibiotic resistance

PROVIDENCE – The Miriam Hospital has received a five-year, $9.4 million grant from the National Institutes of Health to create an NIH Center for...
A SURVEY, conducted by HR consulting firm Aon Hewitt, showed that American employers were planning on cutting bonuses despite the strength of the economy. Above, black represents total compensation as a percentage of total budget, red represents wages and bonuses as a percentage of budget while blue represents planned raises as a percentage of budget. Total compensation and bonuses have declined and are projected to continue to decline while salary increased and is projected to continue to tick up in 2019. / BLOOMBERG NEWS

Your pay is probably going down next year

NEW YORK - Despite the improving economy, companies have stubbornly withheld salary increases over the past few years, opting to fatten the bonus pool instead....
THE AVERAGE AMERICAN FICO score was 704, its highest point ever while total U.S. household debt hit a record $13.3 trillion in the second quarter. / BLOOMBERG NEWS FILE PHOTO/DANIEL ACKER

U.S. credit scores hit new high while household debt skyrockets

NEW YORK - Almost a decade after the average FICO score hit a low of 686 in the aftermath of the Great Recession, the number...

Rhode Island Mission of Mercy free dental clinic returns Sept. 29-30

PROVIDENCE – The Rhode Island Oral Health Foundation’s 2018 Rhode Island Mission of Mercy free dental clinic returns with free dental care for those who...
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