"I feel like I've been robbed," one retired firefighter in Central Falls, R.I., says of the pension cut he received after the city filed for bankruptcy.» Read More
PROVIDENCE, R.I.-- The founder of a U.S. Navy contractor from Georgia must serve three years in prison for his part in a kickback scheme that cost the Navy $18 million, a federal judge in Rhode Island ordered Wednesday.
The suit on behalf of the family of Mary DeLorenzo Knight was filed Wednesday morning in federal court in Tampa. Mary DeLorenzo Knight was one of 12 people killed by Aaron Alexis on Sept. 16 before he was killed in a shootout with police. Navy officials have said they found no record that the company alerted the Navy about his mental health.
NEWPORT, R.I.-- The Newport Jazz Festival is adding a third day of music to mark its 60th anniversary and will focus that day on new and emerging acts, part of a plan to ensure the event does not become a "museum piece," festival producer George Wein said Wednesday.
WASHINGTON-- The D.C. Council voted unanimously Tuesday to increase the District of Columbia's minimum wage to $11.50 an hour, one of the nation's highest. Last month, suburban Montgomery and Prince George's counties in Maryland also approved raising their minimum wages to $11.50.
NEWS: United Natural Foods said Tuesday its net income rose 29 percent in the fiscal first quarter as sales improved and it was free of a one-time charge that weighed its year-ago results. NUMBERS: United Natural Foods said its net income rose to $27.8 million, or 56 cents per share, from $21.5 million, or 43 cents per share.
LOS ANGELES, Dec. 2- College savings plans are better deals than they were a few years ago, but there are still a few clunkers out there. Each fall, investment research firm Morningstar singles out the nation's best 529 college savings plans.
PROVIDENCE, R.I.-- There will soon be no sales tax on original works of art made and sold in Rhode Island. It applies to paintings, sculptures, prints, photographs, plays, books or crafts made in Rhode Island. The change essentially makes the entire state of Rhode Island one large arts district.
The Massachusetts Senate approved a stand-alone bill last week that would raise the minimum wage to $11 per hour by 2016 and index future increases to inflation.
WOONSOCKET, R.I.-- CVS Caremark Corp. has named long-serving executive Helena Foulkes to replace Mark Cosby as president of the company's pharmacy business, effective Jan. 1. CVS Caremark runs the nation's second-largest drugstore chain with about 7,600 retail locations. Shares of CVS Caremark added 15 cents to $66.83 Monday morning.
Wider efforts to rebuild America's deeply depressed cities can't succeed until public safety is restored.
Even struggling metros are having success in attracting investment. In the process, they are creating a virtuous cycle of creativity.
Extending unemployment benefits is a priority of President Barack Obama, and his fellow Democrats see an opportunity to include such an extension in a possible budget deal that is being negotiated by a bipartisan panel led by Republican Representative Paul Ryan of Wisconsin and Democratic Senator Patty Murray of Washington.
These sunshine cities have focused their efforts on developing new industry niches to strengthen their local economies and promote future growth.
The ebbing economic tide from the Great Recession revealed some of the worst swindles in municipal finance in decades.
Detroit's bankruptcy, and rumblings about tax overhaul, have fueled a big sell off in the municipal bond market. What's next?
LETTERKENNY ARMY DEPOT, Chambersburg, Pennsylvania, Nov 18 (Reuters)- Linda Woodford spent the last 15 years of her career inserting phony numbers in the U.S. Department of Defense's accounts.
Visit any American city and it doesn't take a whole lot of imagination to see where its greatness came from—however faded it may seem to be.
Chattanooga has made a comeback over the last 5 years thanks to investing in high-speed broadband. In the process, it has wooed $4 billion in foreign investment.
Federal and state funding cutbacks are challenging Main Street. The future of America is at stake since cities contribute more than 90 percent to GDP.
Interest rate swaps - sold as a way to save money on public financing - have turned into municipal bombs.