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WHILE STATE REGULATORS have cleared the way for Roger Williams Medical Center in Providence and Our Lady of Fatima Hospital in North Providence to be sold, the mayors in both communities are insisting that they be protected from a loss of tax revenue in the deal. / PBN FILE PHOTO/MICHAEL SALERNO

Will Providence, North Providence lose tax dollars in wake of sale...

The sale of two cash-strapped Rhode Island medical centers is on track to be finalized in early 2025, but municipal leaders have raised concerns...

Brown plans belt-tightening amid $46M budget deficit

PROVIDENCE – A $46 million structural deficit in Brown University’s current budget that’s expected to worsen in future years is leading to multiyear spending...
THE MIRIAM HOSPITAL'S $125 million renovation project will move forward after the hospital received certificate of need approval from the R.I. Department of Health. / COURTESY THE MIRIAM HOSPITAL

Miriam Hospital’s $125M renovation project receives approval to move forward

PROVIDENCE – Brown University Health has received significant approval from the state to move forward on a $125 million renovation project for The Miriam...
WASHINGTON TRUST BANCORP INC. says it will take a one-time $70 million loss in order to shed its balance sheet of low-yielding assets and to boost its earnings in the coming year and beyond. / PBN FILE PHOTO/SCOTT KINGSLEY

Washington Trust sells assets at a $70M loss to improve earnings...

WESTERLY – Washington Trust Bancorp Inc. says it is "repositioning" its balance sheet in a strategy that has the company selling off low-yielding assets...
WHILE MANY PEOPLE are pointing the finger at Deloitte Consulting LLP over the cyber breach of the state's RIBridges program, Kaustubh Medhe, vice president of research and cyber threat intelligence for California-based Cyble Inc., feels the state should bear some responsibility for what happened. / PBN FILE PHOTO / WILLIAM HAMILTON

Public blame over RIBridges cyber breach points to Deloitte. But what...

PROVIDENCE – For the second year in a row, an infrastructure breakdown has made it a long December for Rhode Islanders. Oddly enough, it involves...

R.I. monthly unemployment remains at 4.6% in November

CRANSTON – Rhode Island’s seasonally adjusted unemployment in November was 4.6%, the same as October, the R.I. Department of Labor and Training said Thursday.  The...

Federal Reserve cuts key rate by quarter-point

WASHINGTON (AP) – The Federal Reserve cut its key interest rate Wednesday by a quarter-point – its third cut this year – but also...

Lardaro: R.I.’s economy has mixed performance in October

PROVIDENCE – Rhode Island’s economy turned in a mixed economic performance in October, although signs of strength remain, University of Rhode Island economist and...
BERKSHIRE HILLS Bancorp Inc. has agreed to merge with Brookline Bancorp Inc. in an all-stock transaction valued at $1.1 billion. Brookline owns Bank Rhode Island and Berkshire Hills owns Berkshire Bank. 

BankRI parent and Berkshire Bank parent strike $1.1B deal to merge

PROVIDENCE – Brookline Bancorp Inc., the parent company of Bank Rhode Island, and Berkshire Hills Bancorp Inc. have agreed to merge in an all-stock...
RICK SIMONE, pictured along Federal Hill in Providence in 2023, is president of the Federal Hill Commerce Association and managing director of the Rhode Island Small Business Coalition. He supports easing music and dancing restrictions at Providence restaurants. PBN FILE PHOTO/MICHAEL SALERNO

Music, dancing: Restaurant owners say they need a change in Providence

Providence City Council President Rachel M. Miller has put on hold a proposal to loosen music and dancing restrictions at restaurants citywide after some...
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