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Rhode Island

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  • 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...

  • BOSTON, Feb 10- Attorneys general from 10 U.S. states 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. "Anthem must communicate detailed information without any further unnecessary delay," said the letter, which was written by Connecticut...

  • LONDON, Feb 5- Greece's new Syriza government spent its first week in power trying to make friends with European policymakers and wary investors. While most in the market see Syriza as a threat to Greece's future in the euro zone-- and implicitly to their Greek and other European bond holdings-- the Providence, Rhode Island company praised voters for showing "...

  • MARSHFIELD, Mass., Jan 28- Ocean Street in the waterfront Massachusetts town of Marshfield was littered with lobster traps, downed wires and chunks of houses on Wednesday, after a massive blizzard hammered New England. Notably absent was much of the 2 feet of snow that blanketed much of the Boston area, since for much of the storm, Ocean Street was under water because...

  • MARSHFIELD, Mass., Jan 28- Ocean Street in the waterfront Massachusetts town of Marshfield was littered with lobster traps, downed wires and chunks of houses on Wednesday, the day after a massive blizzard hammered New England. Notably absent was much of the 2 feet of snow that blanketed much of the Boston area, since for much of the storm, Ocean Street was under water...

  • Jan 28- Textron Inc, maker of Cessna jets and Bell helicopters, reported quarterly revenue below average analyst estimate as deliveries of Bell helicopters declined, and forecast full-year profit and revenue below expectations. Textron's revenue increased 17 percent to $4.10 billion, but missed the average analyst expectation of $4.3 billion.

  • BOSTON/ NEW YORK, Jan 27- A powerful blizzard struck Boston and surrounding New England on Tuesday, leaving some 4.5 million people grappling with as much as three feet of snow and coastal flooding but sparing New York City residents who had braced for a significant blast. Snow was forecast to keep falling into early Wednesday in eastern New England, possibly...