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Rhode Island

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  • 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.

  • 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...

  • 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...

  • Private equity fund managers, gathering in Berlin on Monday for their largest annual conference, will weigh the potential threat of deep pocketed buyers from developing economies in Asia and the Middle East. This group, which includes China's property and entertainment giant Dalian Wanda Group Co and sovereign wealth funds from Singapore, Qatar, Kuwait and...

  • Private equity fund managers, gathering in Berlin on Monday for their largest annual conference, will weigh the potential threat of deep pocketed buyers from developing economies in Asia and the Middle East. This group, which includes China's property and entertainment giant Dalian Wanda Group Co and sovereign wealth funds from Singapore, Qatar, Kuwait and...

  • Allen Reichman, 55, pleaded guilty in Manhattan federal court to one count of conspiracy to commit wire fraud in a case that originated with a related investigation into a failed New York bank. In December one of his co-defendants, Kentucky businessman Wilbur Huff, pleaded guilty. The case grew out of a probe into Park Avenue Bank, which went under in March 2010.

  • LONDON, Feb 20- Royal Bank of Scotland is likely to write down the value of its U.S. bank Citizens by about 4 billion pounds next week, industry sources said, potentially wiping out much of the state-backed bank's annual profit. RBS, 80 percent owned by the UK government after being rescued in 2008, sold 29 percent of Citizens Financial Group in September and is...

  • NEW YORK, Feb 17- President Barack Obama's administration faces a difficult and possibly lengthy legal battle to overturn a Texas court ruling that blocked his landmark immigration overhaul, since the judge based his decision on an obscure and unsettled area of administrative law, lawyers said. The failure to do so, Hanen wrote, was a violation of the 1946...

  • More than 50 million people from Michigan to southern Canada were in the path of the storm, which was tracking east over the Great Lakes and gaining strength as it approached the Atlantic coast of New England, the National Weather Service said. The most severe weather was heading for the New England coast, including Massachusetts, Rhode Island, Connecticut and...

  • More than 50 million people from Michigan to southern Canada were in the path of the storm, which was tracking east over the Great Lakes and gaining strength as it approached the Atlantic coast, the National Weather Service said. In Boston, snow fell hard in the late afternoon, paused for an early evening lull and then picked up again. The most severe weather was...

  • More than 50 million people from Michigan to southern Canada were in the path of the storm, which was tracking east over the Great Lakes and gaining strength as it approached the Atlantic coast, the National Weather Service said. The most severe weather was heading for the New England coast, including Massachusetts, Rhode Island, Connecticut and New Hampshire,...

  • BOSTON, Feb 10- Ten U.S. states have sent a letter to Anthem Inc complaining that the company has been too slow in notifying consumers that they were victims of a massive data breach disclosed last week. "The delay in notifying those impacted is unreasonable and is causing unnecessary added worry to an already concerned population of Anthem customers," said the...