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ROYAL BANK OF SCOTLAND PLC has agreed to pay $500 million to the attorney general of New York to settle charges related to its marketing of toxic mortgage-backed securities in the run-up to the Great Recession. / BLOOMBERG NEWS PHOTO/SIMON DAWSON

RBS will pay N.Y. $500M over bogus mortgage marketing

NEW YORK – Royal Bank of Scotland Group PLC agreed to pay $500 million to settle New York’s probe into its marketing of toxic...
RHODE ISLAND'S JOB RECOVERY from the Great Recession was hindered largely by the performance of three sectors, most prominently education and health services, in which employment growth lagged in comparison to average national growth. / COURTESY BUREAU OF LABOR STATISTICS

Report: R.I. recovery hindered by poor education and health services employment...

PROVIDENCE – Rhode Island’s employment growth has lagged behind the rest of the nation following the Great Recession and, according to the Bureau of Labor...

For growth R.I. must add to labor force

Yes, there is a skills gap in today’s labor market. That is, there are many open positions that are not filled because the candidates...
STUCK: Uber and Lyft driver Sean DeLong’s professional background in business-operations management doesn’t lend itself to highly technical jobs, but his education and experience over-qualify him for most low-wage jobs, which has made it difficult for him to find a job since being laid off in 2015. / PBN PHOTO/MICHAEL SALERNO


Behind seemingly positive employment data is structural weakness that in the...

Sean DeLong, 42, has applied for more than 800 jobs in Rhode ­Island and southeastern ­Massachusetts since November 2015. On average, he gets about one...
JOSE F. BATISTA Law Firm opened on Broad St. in Providence recently. / PBN PHOTO/MICHAEL SALERNO

RWU law grads go solo, as industry rebounds from recession

In the almost three years since he graduated from the Ocean State’s sole law school – Roger Williams University School of Law in Bristol...
DEALS WORTH MAKING: Gov. Gina M. Raimondo and Jeffrey S. Bornstein, right, senior vice president and chief financial officer for General Electric Co., faced the media following the announcement of GE Digital’s plans to bring 100 jobs to Providence. / PBN FILE PHOTO/ MICHAEL SALERNO

Raimondo approach doing one thing Chafee’s didn’t: create jobs

One thing about former Gov. Lincoln D. Chafee – he’s consistent. Sort of like how he described himself during the presidential campaign, a “block...

R.I. building permits last year exceeded 1K for first time since...

PROVIDENCE – Citing recently released U.S. Census Bureau data, WPRI-TV CBS 12 reported May 1 that new housing units authorized for construction in Rhode...
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