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  • New businesses looking to come to Rhode Island Thursday, 18 Dec 2014 | 9:15 AM ET

    Lincoln Chafee met with while in Europe in April said Thursday that they are looking to establish operations in Rhode Island. Luca Calenda, who co-founded the Italian restaurant franchise Galivm, said he wants to open his first North American restaurant in Providence by the end of 2015. He said he may open others; he thinks the Rhode Island market could support...

  • Circus disputes citation for hair-hanging accident Thursday, 18 Dec 2014 | 1:25 AM ET

    PROVIDENCE, R.I.— Ringling Bros. and Barnum& Bailey Circus has contested a citation it received from federal regulators for an accident that sent eight hair-hanging acrobats plummeting to the ground during a live performance, severely injuring most of them. Stephen Payne, a spokesman for circus parent company Feld Entertainment, said this week that although...

  • Fed eyes audit push as key political challenge in 2015 Thursday, 18 Dec 2014 | 1:00 AM ET

    Federal Reserve is lobbying to stem a rising threat to its independence as the "Audit the Fed" movement, once seen as usual background noise, looks set to gain momentum in 2015 when Republicans gain control of both houses of Congress. Fed officials are making their case for independence across Capitol Hill, reminding politicians of the damage that can come from...

  • Raimondo picks nominee for new commerce secretary Tuesday, 16 Dec 2014 | 2:03 PM ET

    PROVIDENCE, R.I.— Gov.-elect Gina Raimondo announced Tuesday she will nominate Connecticut's education commissioner to be Rhode Island's first commerce secretary. Raimondo said Stefan Pryor has the experience and drive to help her lead the state's comeback, and she will ask the Senate to confirm him. Malloy said he has the "utmost confidence" that Pryor brings...

  • CVS Health hikes dividend, expects growth Tuesday, 16 Dec 2014 | 9:18 AM ET

    CVS Health will raise its quarterly shareholder payout by 27 percent, and the nation's second-largest drugstore chain also said Tuesday that it expects another year of earnings growth in 2015.. CVS Health drew national attention earlier this year when it announced a plan to stop selling tobacco products in its stores as it sharpens its focus on delivering...

  • Economic plan passes despite vocal opposition Thursday, 11 Dec 2014 | 9:23 AM ET

    PROVIDENCE, R.I.— Members of a raucous crowd accused the State Planning Council of being traitors and socialists on Thursday as it unanimously approved a state-mandated economic development plan over objections of the House speaker and other lawmakers. House Speaker Nicholas Mattiello said he's disappointed the plan was approved and that controversy...

  • Obama announces $1B for early childhood education Wednesday, 10 Dec 2014 | 6:09 AM ET

    WASHINGTON— Declaring early childhood education "one of the best investments we can make," President Barack Obama on Wednesday followed up on a promise to expand early education opportunities for tens of thousands of children by announcing $1 billion in public-private spending on programs for young learners. He said the investments announced at a daylong...

  • Raimondo announces plan to expand college savings Wednesday, 10 Dec 2014 | 12:02 AM ET

    PROVIDENCE, R.I.— Governor-elect Gina Raimondo announced on Wednesday a plan aimed at ensuring that the thousands of children born in Rhode Island every year have savings for college. The change could benefit thousands of families, she said, because about 10,000 babies are born in Rhode Island each year. Rhode Island is one of only three states with college...

  • Northeast dealing with heavy rains, snow, wind Tuesday, 9 Dec 2014 | 1:39 AM ET

    The storm made for a slippery Tuesday morning commute in parts of Massachusetts, where state police responded to numerous crashes and spinouts caused by icy roads, some involving their own cruisers. At least 2 inches of rain is forecast for southern New England, where flood advisories are in effect in Connecticut, Massachusetts and Rhode Island.

  • Dec 5- Private equity firm JH Partners has sold its 40 percent stake in jeweler Alex and Ani, according to people familiar with the matter, who added the charm bracelet maker could be worth as much as $1 billion. San Francisco- based JH Partners, which bought the stake in 2012, sold its holding to British buyout firm Lion Capital LLP, three people confirmed this week.

  • Dec 2- A Rhode Island judge on Tuesday agreed to send a union-backed lawsuit over the state's sweeping 2011 public pension reform to a jury trial, scheduled for April 20, a court spokesman confirmed. Rhode Island's overhaul has been used by other state and local governments across the United States as a model to rein in ballooning costs of retirement benefits for...

  • YOUR MONEY-Behind Black Friday's giant, cheap TV deals Tuesday, 25 Nov 2014 | 8:00 AM ET

    NEW YORK, Nov 25- You might need two carts to walk away with what may be this year's biggest Black Friday bargain: a 65 "Vizio television at Walmart for $648. Unit sales are already up this year so far, says Stephen Baker, vice president for industry analysis at NPD Group, which tracks TV sales. Best Buy is featuring a 50 " Panasonic for $199.99.

  • Nov 19- Almost two thirds of adults won't spend more this holiday season despite lower gas and fuel costs, a new Reuters/ Ipsos poll shows, in a bad sign for retailers looking for an extra boost in gift buying from cheaper prices at the pump. "We live on a budget so we have a certain amount for groceries, a certain amount for birthdays, a certain amount for holidays," said...

  • The pro-reform camp drew in more than $1.4 million in contributions, with more than $1 million coming from Arnold, according to the Arizona Republic newspaper. Pension costs and debt were significant factors in the bankruptcies of Detroit, and of Stockton and San Bernardino in California, where bankruptcy judges have said public pensions are no longer...

  • Exchanges including Nasdaq, Intercontinental Exchange Inc's New York Stock Exchange, Bats Global Markets and CHX Holdings Inc's Chicago Stock Exchange said they deserve "absolute immunity" because they regulate themselves, and that only the U.S. Securities and Exchange Commission could review the plaintiffs' claims. A co-defendant, Barclays Plc, said the...

  • Upside-down politics in Rhode Island governor's race Saturday, 1 Nov 2014 | 7:00 AM ET

    Nov 1- In Rhode Island, the next governor could be a Democrat preferred by Wall Street or a Republican favored by rank-and-file union members. "It's upside down politics in Rhode Island now," said Wendy Schiller, associate professor of political science at Brown University. The race pits Democrat Gina Raimondo, Rhode Island's current Treasurer and a former...

  • WASHINGTON, Oct 30- Media General Inc has won U.S. antitrust approval to buy LIN Media LLC after agreeing to divest television stations in five markets, the Justice Department said on Thursday. To win government approval for the deal, the companies agreed to sell one station in Birmingham, Alabama, two in Savannah, Georgia, one near Alabama's border with Florida, one...

  • LOS ANGELES, Oct 30- A push to reform Phoenix's retirement system has become the latest front in a battle between union-backed groups and a Texas hedge fund billionaire over the future of America's public pensions. Hundreds of thousands of dollars, much of it anonymous out-of-state money, has been flowing to backers of a November 4 ballot initiative in Phoenix...

  • A handful of the Nov. 4 races such as the dead heat in Illinois, possibly the most fiscally dysfunctional state, shape up as de facto referendums on reform and their results could make municipal bond investors alter their bets. "People are not so much voting for governor in some of these states but how they want the pensions addressed," said Craig Brandon, Co-Director...

  • DC (and these states) may go to pot next week Wednesday, 29 Oct 2014 | 7:12 AM ET

    Voters in D.C. and in two states will decide on measures to legalize marijuana.