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NEIL D. STEINBERG, president and CEO of the Rhode Island Foundation announced a new $10 investment initiative from the Rhode Island Foundation. / PBN FILE PHOTO/MICHAEL SALERNO

RIF announces $10M impact investment program

PROVIDENCE – The Rhode Island Foundation is looking to invest $10 million in local business projects during the inaugural year of its new Impact...
THE OFFICE OF THE HEALTH Insurance Commissioner and HealthSource RI announced that new rates for silver-level plans in the individual health insurance market place will increase 18-20 percent due to the elimination of Cost Sharing Reduction payments to insurers from the federal government. However, these increases will largely be offset by federal tax credits as mandated by law. / BLOOMBERG FILE PHOTO/ANDREW HARRER

OHIC announces new 2018 rates in response to Trump’s CSR cut

PROVIDENCE – The R.I. Office of the Health Insurance Commissioner has approved new rates increases for HealthSource RI’s silver-level health plans sold on the...
THE BILTMORE Providence has been sold, according to a press release on Hotel Online. / PBN FILE PHOTO

Providence Biltmore sold

PROVIDENCE – The historic hotel Providence Biltmore has been sold, according to an announcement by AJ Capital Partners in a press release published by...
HASBRO INC. reported third-quarter profit of $265.6 million despite Toys R Us declaring bankruptcy during the period. Above, a scene from the first-ever HasCon Hasbro brands convention in Providence. / PBN FILE PHOTO/NICOLE DOTZENROD

Hasbro posts Q3 profit of $265.6M

PAWTUCKET – Hasbro Inc. reported third-quarter profit of $265.6 million Monday, a 3.7 percent increase year over year. Revenue for the quarter was $1.8 billion,...
GOV. GINA M. RAIMONDO said the state will increase the resources for foster families in fiscal 2019. /COURTESY STATE OF RHODE ISLAND.

Rhode Island enters Amazon HQ2 competition, lists seven potential host sites

PROVIDENCE – Rhode Island entered the North American contest to land the second headquarters for Amazon.com on Thursday, submitting a proposal that identifies seven...
UNEMPLOYMENT IN Rhode Island declined 0.1 percentage point in September to 4.2 percent. / COURTESY R.I. DEPARTMENT OF LABOR AND TRAINING

R.I. unemployment ticks down in September

PROVIDENCE – From August’s 4.3 percent, the state’s seasonally adjusted unemployment rate dipped slightly to 4.2 percent in September reflecting a 1.1 percentage point...
ANTHEM INC. announced that it will start its own pharmacy benefit manager, Ingenio Rx. Anthem also announced a deal with CVS Health Corp. to support the new PBM after its current deal with Express Scripts Holding Co. expires. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE

Anthem breaks with Express Scripts, strikes deal with CVS

NEW YORK - Anthem Inc. said it will set up its own pharmacy benefits management unit, signaling a final break with Express Scripts Holding...
CARE NEW ENGLAND terminated negotiations with Prime Healthcare Foundation to sell Memorial Hospital of Rhode Island Monday night. The hospital will also discontinue its inpatient and emergency services. / COURTESY MEMORIAL HOSPITAL OF RHODE ISLAND

CNE ends negotiations to sell Memorial, closing hospital’s emergency, inpatient services

PAWTUCKET - Care New England's board of directors terminated negotiations with Prime Healthcare Foundation to sell Memorial Hospital of Rhode Island Monday night and began...
EAT DRINK RI announced a new food hall project at 235 West Park St. in Providence and an accompanying Kickstarter fundraising campaign. Above, the interior second floor of the new space in its current state. / COURTESY EAT DRINK RI

Eat Drink RI announces new food hall project and Kickstarter campaign

PROVIDENCE - Eat Drink RI LLC announced it has launched a Kickstarter fundraising campaign to back a new project, the West Park Food Hall...
THE MBTA commuter rail reported more mechanical failures in 2016 than any other system in the U.S. / PBN FILE PHOTO / VICTORIA AROCHO

MBTA commuter rail worst-in-nation for mechanical failures in 2016

BOSTON –Boston commuter rail trains had more mechanical failures last year than any other system in the country, newly released federal data shows, despite...
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