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Top News & Analysis Rhode Island

  • WASHINGTON, March 27- Several Democratic senators pressed billionaire investor Carl Icahn on Monday to clarify his role as an adviser to President Donald Trump, saying his position in the administration raised "alarming" questions about potential conflicts of interest with his stakes in the biofuels and pharmaceutical industries. The senators, led by...

  • ROCKPORT, Maine— The cod isn't so sacred in New England anymore. In Maine, which is home to the country's second-largest Atlantic cod fishery, the dwindling catch has many wondering if cod fishing is a thing of the past. "It's going to be more and more difficult for people to make this work," said Maggie Raymond, executive director of the Associated Fisheries of Maine.

  • PROVIDENCE, R.I.— Rhode Island officials say a Pennsylvania- based financial technology company is seeking up to $3.3 million in tax credits and other financial incentives from the state as it plans to establish a software development office in Providence. The Providence Journal reports state Commerce Secretary Stefan Pryor said Wednesday that eMoney...

  • NEWPORT, R.I. _ Pangaea Logistics Solutions Ltd. on Wednesday reported fourth-quarter net income of $66,000, after reporting a loss in the same period a year earlier. On a per-share basis, the Newport, Rhode Island- based company said it had profit of less than 1 cent. For the year, the company reported profit of $7.5 million, or 21 cents per share.

  • That includes expanding the Navy to 350 warships from 275 today. The Navy has given Defense Secretary Jim Mattis a report that explores how the country's industrial base could support higher ship production, Admiral Bill Moran, the vice chief of Naval Operations with oversight of the Navys shipbuilding outlook, told Reuters. To be sure, the first, and biggest,...

  • University of Vermont researchers have been raising the exotic spice now grown primarily in Iran and are encouraging growers to tap into what they hope will be a cash crop. said Patricia Fontaine, of Palmer Farm in Little Compton, Rhode Island. She, her mother and brother attended a sold-out workshop this month on growing saffron hosted by the University of...

  • ATLANTIC CITY, N.J.— The boot has been booted, the wheelbarrow has been wheeled out, and the thimble got the thumbs down in the latest version of the board game Monopoly. More than 4.3 million voters from 146 countries weighed in on which tokens they wanted to see in future versions of the property-acquisition game, which is based on the real-life streets of Atlantic...

  • That includes expanding the Navy to 350 warships from 275 today. The Navy has given Defense Secretary Jim Mattis a report that explores how the country's industrial base could support higher ship production, Admiral Bill Moran, the vice chief of Naval Operations with oversight of the Navys shipbuilding outlook, told Reuters. To be sure, the first, and biggest,...

  • March 16- Six U.S. Senate Democrats on Thursday stepped up efforts to get more clarity from the White House and chief of the Environmental Protection Agency on Carl Icahn's role as special adviser on regulations to President Donald Trump. The lawmakers, including Sheldon Whitehouse of Rhode Island and Elizabeth Warren of Massachusetts, in letters to the White...

  • PROVIDENCE, R.I.— The company that built the United States' first offshore wind farm says the powerful storm that hit the Northeast this week was a chance to go "full throttle" and put the turbines through their paces. Deepwater Wind says all five turbines off Rhode Island operated at full capacity during much of Tuesday's nor'easter. Deepwater Wind CEO Jeffrey...

  • PROVIDENCE, R.I.— A Rhode Island financial adviser who pleaded guilty to orchestrating a $21 million Ponzi scheme has been sentenced to seven years in prison. Patrick Churchville was sentenced Thursday in U.S. District Court in Providence on charges of wire and tax fraud. Prosecutors say he used some of the money from the fraudulent investment scheme to buy a...

  • David Hobson, 48, was sentenced in federal court in Manhattan by U.S. District Judge Laura Taylor Swain, who recommended Hobson serve his sentence at a halfway house. Prosecutors charged that Hobson, a Providence, Rhode Island resident, began his insider trading in 2008 while working at Royal Bank of Canada unit RBC Capital Markets and continued at Oppenheimer&...

  • WEST WARWICK, R.I. _ AstroNova Inc. on Wednesday reported fiscal fourth-quarter earnings of $766,000. The West Warwick, Rhode Island- based company said it had net income of 10 cents per share. AstroNova shares have declined roughly 5 percent since the beginning of the year.

  • WHEELING, W.Va., March 15- When Mike Lujano and George Lenz hoisted a rainbow flag outside their business in a Victorian brownstone on Market Street two decades ago, they found that few neighbors in socially conservative Wheeling, West Virginia, knew it was a symbol of gay pride. Defying stereotypes in the U.S. culture wars over lesbian, gay, bisexual and transgender...

  • NEW HAVEN, Conn.— A Connecticut pharmaceutical company has announced it plans to lay off more than 200 employees in the coming weeks. The New Haven Register reports that a spokeswoman for Alexion Pharmaceuticals said Monday that the 210 layoffs represent about 7 percent of Alexion's 3,000- person workforce. The New Haven company announced in 2012 that it would...

  • NEWPORT, R.I.— The U.S. Navy is enlisting the help of seals— but not the kind of highly trained special operatives with whom it usually associates. "If we want to design the best systems, it makes sense to take advantage of millions of years of work that nature has done for us," said Christin Murphy, a marine mammal biologist. The research is taking place at the Newport...

  • NEW YORK/ BOSTON, March 14- A blizzard swept through the heavily populated northeastern United States on Tuesday, grounding thousands of flights, canceling classes and pummeling those who ventured out onto snow-bound streets. Some 50 million people from Pennsylvania to Maine faced a "rapidly intensifying nor'easter" over the course of the day that was unusual...

  • NEW YORK/ BOSTON, March 13- A fast-moving winter storm bringing up to two feet of snow was expected to hit the northeastern United States, forecasters warned on Monday, prompting airlines to cancel thousands of flights and some mayors to order schools to close on Tuesday. The National Weather Service issued blizzard warnings for parts of Pennsylvania, New Jersey,...

  • NEW YORK/ BOSTON, March 13- A fast-moving winter storm was expected to hit the northeastern United States, forecasters warned on Monday, prompting airlines to cancel thousands of flights and some mayors to order schools to close on Tuesday. The National Weather Service issued blizzard warnings for parts of Pennsylvania, New Jersey, New York and Connecticut, with...

  • The National Weather Service issued blizzard warnings for parts of Pennsylvania, New Jersey, New York and Connecticut, with forecasts calling for up to 2 feet of snow in places by early Wednesday, with temperatures 15 to 30 degrees below normal for this time of year. "This should be a very serious blizzard, one that everyone should take seriously," New York City Mayor...