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FOR SALE: A sign outside Oak Hill Center for Rehabilitation & Nursing in Pawtucket during the COVID-19 pandemic. The nursing home is one of two in Rhode Island that Pointe Group Care LLC, a for-profit company, is looking to buy. / PBN PHOTO/MICHAEL SALERNO

Divided views on for-profit company buying R.I. nursing homes

Two struggling skilled nursing facilities are on track to be sold to a Massachusetts-based company, reigniting the debate over whether businesses looking to maximize...

R.I. under Winter Weather Advisory until 7 p.m. Thursday

PROVIDENCE – The National Weather Service has issued a Winter Weather Advisory for both Rhode Island and southeastern Massachusetts until 7 p.m. Thursday, with...
THE UNADJUSTED unemployment rate in the Providence-Warwick metropolitan area was 4.3% in December, according the U.S. Bureau of Labor Statistics. / AP FILE PHOTO/LYNNE SLADKY 

Unemployment rate in Providence metro area drops to 4.3% in December

PROVIDENCE – The unadjusted unemployment rate in the Providence-Warwick metropolitan area was 4.3% in December, a decrease from 4.4% in November and up from...

Deloitte to pay state $5M for RIBridges cyberattack expenses

PROVIDENCE – Deloitte Consulting LLP has provided Rhode Island $5 million to help pay for expenses from the RIBridges data breach, Gov. Daniel J....

Prospect asks federal bankruptcy judge to expedite sale of Roger Williams,...

The owner of Roger Williams Medical Center and Our Lady of Fatima Hospital is forging ahead with the planned sale of its Rhode Island...

Consultant hired to assess feasibility of medical school at URI

SOUTH KINGSTOWN – A state Senate commission and the University of Rhode Island announced they have selected a Missouri-based consulting firm to lead a...

Orsted announces new CEO amid ‘fundamental changes’ in renewable energy industry

PROVIDENCE – Orsted A/S, the Danish company that's building a wind farm off the Rhode Island coast, announced on Friday that it will be...
THOMAS TZITZOURIS, head of fixed income research at New York City-based Strategas Research Partners, speaks at Providence Business News' Economic Trends Summit on Thursday in Providence. He painted a mixed picture of the economic outlook for 2025. / PBN PHOTO/MIKE SKORSKI

PBN summit: No recession, but inflation will stick around through 2025

PROVIDENCE – It is unlikely that President Donald Trump will be able to quickly rein in the sticky inflation that has slowed economic growth...

Fed holds rates steady, says job market is ‘solid’ while inflation...

WASHINGTON (AP) – The Federal Reserve left its benchmark interest rate unchanged Wednesday after cutting it three times in a row last year, a...

‘Life at Night’ generates $990M to Providence’s annual economy, study finds

PROVIDENCE – The capital's nightlife is worth almost $1 billion a year, according to a city-commissioned study released on Tuesday.  The study by Jon Stover...
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