CVS agreed to pay $20 million to settle U.S. Securities and Exchange Commission charges that it misled investors about significant financial setbacks.» Read More
April 16- A lawsuit by retired Rhode Island public employees over the state's sweeping 2011 pension system overhaul will continue after a judge on Wednesday rejected a move by state officials to have the case thrown out.
PROVIDENCE, R.I.— A lawsuit brought by public sector unions and retirees over Rhode Island's 2011 pension overhaul can now move forward, a judge ruled Wednesday, days after both sides said a lengthy mediation had failed.
PROVIDENCE, R.I.— A bill that would create two sales-tax holidays a year in Rhode Island is being heard by House lawmakers. The Finance Committee is scheduled to take up a bill Tuesday that would create tax holidays on Presidents Day and the Saturday before Labor Day.
PROVIDENCE, R.I.— Gasoline prices in Rhode Island are up a cent from last week, and are now the same as a month ago. AAA Southern New England's latest price survey, released Monday, found the average cost of a gallon of self-serve regular in the state is $3.60. The current Rhode Island average is four cents lower than the national per-gallon average of $3.64.
BOSTON, April 10- Fidelity Investments said on Thursday it is exploring the creation of a new trading venue with other asset managers, as U.S. regulators investigate the controversial practice of high-frequency trading.
PROVIDENCE, R.I.— New statistics show that Rhode Island job growth in the fourth quarter of 2013 was better than originally estimated. The state Department of Labor and Training said Thursday there were 2,100 more jobs in December than initially reported. Rhode Island's February unemployment rate was 9 percent.
PROVIDENCE, April 8- The U.S. Justice Department and Rhode Island on Tuesday agreed that federal officials will ensure that developmentally disabled residents of the New England state have the opportunity to work at real jobs where they earn at least minimum wage.
PROVIDENCE, R.I.— Two Rhode Island lawmakers are launching a push to lower the state's 7 percent sales tax in an effort they say will help the economy. Malik says Rhode Island businesses are at a disadvantage because Massachusetts and Connecticut have lower sales taxes. Rhode Island's sales tax generates $900 million a year.
CVS Caremark has finalized a $20 million settlement with the Securities and Exchange Commission over accusations that the company misled investors and used improper accounting to boost its performance several years ago.
The SEC, which announced the settlement on Tuesday, said CVS failed while marketing a $1.5 billion bond offering in September 2009 to disclose having recently lost significant Medicare and contract revenue streams in its pharmacy benefits manager business, including from the former Caremark Rx Inc that it bought in March 2007.
April 8- CVS Caremark Corp agreed to pay $20 million to settle U.S. Securities and Exchange Commission charges that it misled investors about significant financial setbacks and used improper accounting to artificially boost its results. The Woonsocket, Rhode Island- based company did not admit or deny wrongdoing in agreeing to settle.
MONTPELIER, Vt.— The Vermont House bucked the wishes of Gov. Peter Shumlin on Tuesday by calling for an increase in the state's minimum wage to $10.10 per hour starting in January, rather than 2017.. A January 2015 start date to $10.10 per hour would make Vermont the first state to break the $10 mark on its minimum wage.
They released their letter as the Senate voted 59-38 for the bill. The outlook remains cloudy, though, for legislation that took three months to move through the Senate. Jack Reed, D- R.I., and Dean Heller, R- Nev., the bill's leading supporters, said they were willing to consider changes in hopes of securing passage in a highly reluctant House.
CHICAGO— Rahm Emanuel has been a force in politics— the mastermind behind a Democratic takeover of Congress, dealmaker in two White Houses and now the hard-charging mayor intent on fixing what ails the nation's third-largest city, no matter whom he ticks off in the process.
WASHINGTON— The Senate voted 59-38 Monday to resurrect federal jobless benefits for the long-term unemployed, and a small band of Republican supporters swiftly appealed to a reluctant Speaker John Boehner to permit election-year action in the House as well.
PROVIDENCE, R.I.— Gasoline prices in Rhode Island held steady from last week, and are about the same as the national average. The latest price survey released Monday by AAA Southern New England found the average cost of a gallon of self-serve regular in the state is $3.59.
The SUVs were originally sold or registered in 20 states and Washington, D.C., where salt is used to clear snow and ice from roads. The Escapes covered by the recall were built from Oct. 22, 1999 through Dec. 19, 2003 at the Kansas City Assembly plant, and from May 1, 2003 through Jan. 23, 2004 at the Ohio Assembly plant, Ford said in a statement issued Monday.
PROVIDENCE, R.I.— A proposed settlement that would end the legal fight over Rhode Island's 2011 landmark pension overhaul, which has been a model for other states looking to rein in runaway pension costs, was rejected by one of the groups voting on it, officials announced Monday.
PROVIDENCE, R.I.— Lawyers: Vote on deal in Rhode Island's landmark pension overhaul fails; mediation ordered.
NEW YORK— No rent collection while in jail, double the dough for landing on Go and clean out Free Parking if your luck takes you there are among five made-up Monopoly rules Facebook fans voted in for future editions of the board game.