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.» Read More
PROVIDENCE, R.I.-- Former Boston Red Sox pitcher Curt Schilling might have to sell or give up the famed blood-stained sock he wore on the team's way to the 2004 World Series championship to cover millions of dollars in loans he guaranteed to his failed video game company.
--The company plans to issue $290 million of senior unsecured notes to partially finance this acquisition.
The commission voted 3-0, with two members absent, to approve a 15- year contract with Rhode Island- based GTECH that is expected to make $1.7 billion in profit over five years _ a $500 million increase over state projections. GTECH already provides and maintains vending machines for the Hoosier Lottery.
PROVIDENCE, R.I.-- The unemployment rate in New England climbed in August, but it is still below the national average. The New England office of the U.S. Bureau of Labor Statistics said Wednesday the jobless rate in the six-state region was 7.3 percent last month, up from 7.1 percent in July. A year ago, the rate in New England was 7.8 percent.
MIDDLETOWN, R.I.-- Satellite communications company KVH Industries Inc. said Wednesday that it has appointed Peter Rendall as its new chief financial officer. Rendall worked most recently as consulting chief financial officer at information technology recruiting firm JobSmart Partners.
SAN FRANCISCO-- Oracle CEO Larry Ellison envisions his recently acquired Hawaiian island becoming a "little laboratory" for experimenting with more environmentally sound ways to live. Ellison's ambitions include converting sea water into fresh water on the 141- square-mile island of Lanai.
LAS VEGAS-- With billions of dollars at stake, the head of the gambling industry's main lobbying group sounded a pessimistic note Tuesday about the prospect of Congress passing Internet regulatory laws this year.
WASHINGTON-- The U.S. economy is looking more resilient, thanks in part to encouraging signs for the two most expensive purchases most Americans make: cars and homes. Cheap loans and a bounty of fuel-efficient models enticed people to buy new vehicles at a brisk pace last month.
LAS VEGAS-- It doesn't look like Congress will pass Internet gambling regulatory laws this year, the head of the industry's main lobbying group said Tuesday, as he cast online wagering hosted by sites overseas as one of the biggest threats to the casino industry in the United States.
CoreLogic, a private real estate data provider, also said Tuesday that prices rose 0.3 percent in August from July, the sixth straight monthly gain. Housing prices are rising in most areas, according to CoreLogic.
LAS VEGAS-- Brick-and-mortar casinos are opening in Ohio and Illinois. Voters in Oregon, Rhode Island and Maryland will vote on gambling initiatives Nov. 6.
With Pocono officially back on the IndyCar schedule after a 23- year absence, Carpenter wanted to pick up as many tips as possible from someone with experience at "The Tricky Triangle." The return to Pocono is being celebrated as a nod to IndyCar's history and tradition.
PROVIDENCE, R.I.-- Gas prices climbed by a cent in Rhode Island in the past week. AAA Southern New England said Monday the average cost of a gallon of regular unleaded gas in the Ocean State is $3.96, up from $3.95. Over the last month, prices in Rhode Island have climbed 12 cents.
PROVIDENCE, R.I.-- A committee of the Rhode Island General Assembly is holding its second meeting to review the state's economic development programs following the state's bad investment in Curt Schilling's failed video game company. The Joint Committee on Economic Development is scheduled to meet Monday afternoon.
CNBC's Scott Cohn reports which U.S. state came in last in CNBC's annual ranking of the "Top State for Business."
The Ocean State didn't just place last in our overall rankings for the second year in a row, it also finished in the bottom five of four individual categories in 2012. A little Providence, please.
The Lone Star State is tops again, displacing Virginia, which didn't even finish second this year. And who's last? Rhode Island.
Gina Raimondo, Rhode Island General Treasurer, explains how she convinced state lawmakers to pass the boldest pension reform laws in the past ten years.