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Rhode Island

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  • 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...

  • Oct 17- Textron Inc reported a 60.6 percent jump in quarterly profit, driven by higher deliveries in its aviation unit, which includes Cessna and Beechcraft jets. Textron bought smaller business jet maker Beechcraft in March. Textron's shares closed at $33.66 on the New York Stock Exchange on Thursday.

  • NEW YORK, Oct 12- The missteps in Dallas's handling of the first Ebola case diagnosed in the United States have revealed an uncomfortable reality: state and city plans for handling the deadly virus are based on generic recommendations for everything from measles to floods, to hurricanes and dirty bombs. Reuters checks with health departments in six states and...

  • NEW YORK, Oct 11- The missteps in Dallas's handling of the first Ebola case diagnosed in the United States have revealed an uncomfortable reality: state and city plans for handling the deadly virus are based on generic recommendations for everything from measles to floods, to hurricanes and dirty bombs. Reuters checks with health departments in six states and...

  • The site, already partly occupied by warehouses and distribution facilities for Wal-Mart, Amazon and Federal Express, is where Elon Musk's electric car maker Tesla Motors plans a factory to make batteries, helped by more than $1 billion of incentives provided by Nevada. For Gilman, this dry, desolate slice of Storey County is where the old Nevada, symbolized by...

  • Sept 24- Shares of Citizens Financial Group Inc, the U.S. unit of Royal Bank of Scotland Group Plc, rose as much as 3.5 percent in their market debut, valuing the lender at about $12.5 billion in the biggest U.S. bank IPO since the financial crisis.

  • *Citizens shares priced at $21.50, below $23- 25 predicted range. LONDON, Sept 24- The biggest U.S. bank listing since the financial crisis got a lukewarm reception from investors, forcing Royal Bank of Scotland to cut the price of shares sold in Citizens Financial Group.

  • WASHINGTON, Sept 17- The United States said on Wednesday it will press India's new prime minister to end his blockage of a global trade pact when he visits Washington this month, something that could dampen the mood of a trip aimed at revitalizing strategic ties.

  • The 5 worst states for business in the US Tuesday, 24 Jun 2014 | 4:43 PM ET

    States have rebounded strongly from the recession, but some long-time laggards still can't create a business-friendly environment.

  • Why this state is the worst for business Tuesday, 24 Jun 2014 | 4:43 PM ET
    In 2012, demonstrators in Cranston, Rhode Island, protested the layoffs of 67 Department of Labor and Training workers, most of whom worked at the agency's unemployment benefits division.

    CNBC's Top States for Business gave the Ocean State the lowest marks for high taxes, poor infrastructure and high utility costs.

  • 50. Rhode Island Tuesday, 24 Jun 2014 | 4:00 PM ET

    The Ocean State is rich in history and quality of life. But a multi-year effort to reform business regulations has yet to take hold.

  • Scenes From Hurricane Sandy Friday, 23 May 2014 | 2:29 PM ET

    The East Coast's most populated region is struggling to recover from devastating Hurricane Sandy, its worst storm in generations.

  • State fund finds Loeb's Third Point too risky Monday, 3 Feb 2014 | 9:07 AM ET
    Dan Loeb, founder and chief executive officer of Third Point.

    Daniel Loeb's hedge fund will be losing Rhode Island as a client after the state's pension fund found his Third Point too risky.

  • Going up: 13 states raising minimum wage on Jan. 1 Monday, 30 Dec 2013 | 12:44 PM ET
    Protesters at a rally against low wages for fast-food workers, in front of a McDonald's, Dec. 5, 2013, in Phoenix.

    As many as 11 other states and Washington, D.C., are expected to consider increases in 2014. USA Today reports.

  • Thinning blue line: Police cuts cripple cities Friday, 22 Nov 2013 | 8:56 AM ET
    In crisis: Trenton police on patrol in the Garden State's capitol

    Wider efforts to rebuild America's deeply depressed cities can't succeed until public safety is restored.

  • The new city economy Thursday, 21 Nov 2013 | 9:45 AM ET
    Ford Motor Co. said it will invest $200 million to make four-cylinder engines at the Ford Motor Co. Cleveland Engine Plant in Brook Park, Ohio.

    Even struggling metros are having success in attracting investment. In the process, they are creating a virtuous cycle of creativity.

  • How Orlando and Phoenix are making a comeback Wednesday, 20 Nov 2013 | 8:47 AM ET
    Orlando, Florida

    These sunshine cities have focused their efforts on developing new industry niches to strengthen their local economies and promote future growth.