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  • Clarification: New England Energy story Friday, 24 Apr 2015 | 11:20 AM ET

    HARTFORD, Conn.— In a story April 23 about energy policy, The Associated Press reported that five of New England' s six governors said they would work across the region while each state pursues individual projects. New England governors discuss ways to chop energy prices. HARTFORD, Conn.— New England' s governors agreed Thursday to a mix of regional and state actions...

  • PROVIDENCE, R.I.— The state paid its prison guards $1.5 million more in overtime than planned because of a hiring freeze prompted by a federal lawsuit over how correctional officers are hired, according to its financial statements. The state's auditor general found a deficit in the Department of Corrections budget for fiscal 2014. The state's financial...

  • PORTLAND, Maine— Federal fishery regulators say they will keep much-debated protections for Cashes Ledge in the Gulf of Maine in place as part of a broad effort to alter the scope of New England' s fishing grounds. The decision to preserve Cashes Ledge came as the New England Fishery Management Council debated changes to habitat protections in the Gulf of Maine,...

  • HARTFORD, Conn.— New England' s governors agreed Thursday to a mix of regional and state actions to cut persistently high energy costs. "But if you're going to pursue an all-options approach on something like this, you need to do it on a collaborative basis, working with those who also rely on the same grid we rely on in Massachusetts." In one joint effort, Connecticut,...

  • Citizens Financial Group posts 1Q profit Wednesday, 22 Apr 2015 | 7:27 AM ET

    PROVIDENCE, R.I. _ Citizens Financial Group Inc. on Wednesday reported first-quarter profit of $209 million. The average estimate of 10 analysts surveyed by Zacks Investment Research was for earnings of 35 cents per share. Citizens Financial Group shares have increased nearly 1 percent since the beginning of the year.

  • Coventry plant closes after gaming company merger Wednesday, 22 Apr 2015 | 7:00 AM ET

    Rhode Island- based GTECH and International Game Technology completed a $6.4- billion merger earlier this month. The Providence Journal reports workers were notified Tuesday that the Coventry plant would be closing by the end of the year. Information from: The Providence Journal, http://www.providencejournal.com.

  • Washington Trust posts 1Q profit Tuesday, 21 Apr 2015 | 4:57 PM ET

    WESTERLY, R.I. _ Washington Trust Bancorp Inc. on Tuesday reported first-quarter net income of $11 million. The holding company for The Washington Trust Co. posted revenue of $39.7 million in the period. Keywords: Washington Trust Bancorp, Earnings Report.

  • Twin River management proposes new casino in Tiverton Tuesday, 21 Apr 2015 | 11:34 AM ET

    PROVIDENCE, R.I.— A new casino in Tiverton with table games and easy access to state highways would allow Rhode Island to compete with neighboring Massachusetts for gambling revenue, state casino operators said Tuesday. Twin River Management Group has secured the rights to acquire 45 acres of land off of Route 181, along the Massachusetts state border, and the...

  • NEW YORK— Hasbro turned in very strong quarter led by Transformers sales and other toys for boys. Hasbro reported a 17 percent drop in profit to $26.7 million, or 21 cents per share, compared with $32.1 million, or 24 cents a share, a year earlier. Operating profit actually increased 25 percent and analysts were expecting per-share profits of only 9 cents, according...

  • Talks begin on Capitol Hill budget measure Monday, 20 Apr 2015 | 3:06 AM ET

    WASHINGTON— Lawmakers quarreled Monday over Medicare, taxes and almost $40 billion in unrequested money for overseas war-fighting as House and Senate negotiators kicked off work on a Republican budget blueprint for next year and beyond. Tom Price of Georgia, top negotiator for House Republicans, as he touted the version he largely drafted.

  • Penn National updates plans for Plainville slot parlor Thursday, 16 Apr 2015 | 1:31 PM ET

    BOSTON— Massachusetts is inching closer to the official launch of its casino industry, as Penn National Gaming submitted revised plans Thursday for a slot parlor slated to open in June along the Rhode Island border while regulators highlighted steps the state still needs to complete before it can oversee gambling operations. Plans for Plainridge Park still...

  • Rhode Island governor focused on economy in 1st 100 days Thursday, 16 Apr 2015 | 12:20 PM ET

    The Democratic governor signed an executive order to cut down on unnecessary regulations and attract businesses to Rhode Island. Rhode Island hasn't rebounded from the recession like other New England states have, and it has struggled for years with one of the highest unemployment rates in the U.S. "I think it's important now, given where Rhode Island is, that we...

  • Connecticut steps up fight against bootlegged cigarettes Thursday, 16 Apr 2015 | 10:07 AM ET

    HARTFORD, Conn.— Connecticut is stepping up the fight against the trafficking of bootlegged cigarettes from low-tax states into lucrative Northeast markets through New York and Boston ports and along Interstate 95. The state Department of Revenue Services has established a tobacco enforcement unit and is looking to work more closely with New York and other...

  • LeBoeuf would swing by the local H&R Block office, pay $150 and end up with a refund. The 32- year-old from Providence, Rhode Island paid $470 this year to a professional tax preparer, and her refund got eaten up by the taxes on her side gig income. "There are a lot of people out there who are starting to realize they don't have it all together," says Robert Wheeler, who runs...

  • PROVIDENCE, R.I.— State ethics rules don't prohibit a state representative from forming a law firm with two other attorneys who are registered legislative lobbyists, the Rhode Island Ethics Commission found on Tuesday. But Chairman Ross Cheit told McKiernan they couldn't advise him to recuse himself when his new partners lobby; the commission lost its...

  • CHICAGO, April 9- Illinois is the national poster child for state budget messes. Illinois exempts all retirement income from state taxes- Social Security, private and public pensions, and annuities. And we're hardly alone: 36 states that have an income tax allow some exemption for private or public pension benefits, and 32 exempt all Social Security benefits from...

  • NEW YORK, April 2- A group of 14 state attorneys general on Thursday asked the U.S. Congress to investigate the herbal supplements industry after a New York probe of the products turned up ingredients that were not listed on labels and raised safety concerns. The group, led by New York Attorney General Eric Schneiderman and Illinois Attorney General Greg Zoeller,...

  • March 20- A federal judge rejected Bank of America Corp's request to dismiss a lawsuit in which Cook County, Illinois, accused the lender of targeting black and Hispanic borrowers in the Chicago area with subprime mortgages. District Judge Elaine Bucklo in Chicago said Cook County could pursue allegations that the bank steered minority borrowers into an...

  • In a state Supreme Court chamber packed with politicians, union leaders and other observers, Illinois is defending the constitutionality of the law aimed at curbing ballooning public pension costs. The stakes are especially high for Illinois. With a $105 billion unfunded pension liability, Illinois says it cannot afford core services such as healthcare and...

  • "Sharpening the definition of insider trading will clear up ambiguity in the law and help repair a broken system," Reed, a Rhode Island Democrat who like Menendez is a member of the Senate Banking Committee, said in a statement. If enacted, the legislation would broaden what constitutes insider trading following the December ruling by the 2nd U.S. Circuit Court of...