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Top News & Analysis Rhode Island

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  • PROVIDENCE, R.I.— The state agency that owns the waterfront land where the Pawtucket Red Sox want to build a stadium racked up nearly $150,000 by mid-July in legal and consulting fees to review the proposal, according to documents obtained by The Associated Press through a records request. As of July 15, the I-195 Redevelopment District Commission had been...

  • Feds: Land eyed for stadium must be sold for market value Thursday, 27 Aug 2015 | 11:54 AM ET

    PROVIDENCE, R.I.— Federal highway regulators have told state officials that if the Pawtucket Red Sox build a stadium on land that was supposed to be a park, the land will have to be sold at fair market value first, a requirement that could add millions to the bottom line. The state Department of Transportation wrote to the Federal Highway Administration at the...

  • Democratic Party lags in money before presidential year Thursday, 27 Aug 2015 | 11:17 AM ET

    MINNEAPOLIS— The Democratic National Committee barely has more cash than it does IOUs, and it is being outraised month after month by its Republican competitor. Its $24 million debt from the 2012 presidential election, only recently paid down, has squeezed investments in the next White House race. The Republican National Committee, coming out of years in the red,...

  • PROVIDENCE, R.I.— The Pawtucket Red Sox made a revised proposal for a stadium in Providence earlier this summer, according to documents obtained by The Associated Press through a records request. The documents show that attorneys for the I-195 Redevelopment District Commission reviewed a "revised PBC term sheet" on July 2 and July 7. PBC Associates is the team's...

  • Aug 24- Mac Sykes, an analyst at asset management firm Gabelli& Co, spent Sunday evening, the second night of his summer vacation in New England, watching stock prices tank. While his wife and three kids spent Monday at the beach, Sykes was busy on calls, doing research and watching markets from Shanghai to New York dive. "Everybody was in the game today no matter where...

  • AUGUSTA, Maine— Maine officials say the unemployment rate was 4.6 percent in July and was little changed from the month before. The Maine Department of Labor said Friday that the jobless rate last month was down from 4.7 percent in June. Vermont had the lowest rate among the six states at 3.6 percent and Rhode Island had the highest rate at 5.8 percent.

  • DETROIT— U.S. safety regulators have rejected an electrical engineer's request to investigate low-speed unintended acceleration in Toyota and Lexus cars. The National Highway Traffic Safety Administration, in documents posted Friday, said that three crashes cited in the engineer's request are consistent with the driver mistakenly hitting the gas pedal...

  • Astro-Med posts 2Q profit Wednesday, 19 Aug 2015 | 7:37 AM ET

    WEST WARWICK, R.I. _ Astro-Med Inc. on Wednesday reported fiscal second-quarter earnings of $1.2 million. The West Warwick, Rhode Island- based company said it had net income of 16 cents per share. Astro-Med shares have decreased 16 percent since the beginning of the year.

  • Aug 17- An investor in state-controlled Centrais Elétricas Brasileiras SA has filed a lawsuit that accuses Brazil's largest power holding company and three of its executives of involvement in a graft scandal that artificially inflated stock prices, according to a court document. In the document, the City of Providence alleged that Eletrobras got ensnared...

  • When an Airbnb rental becomes a horror story Saturday, 15 Aug 2015 | 11:24 AM ET
    Airbnb app

    After an alleged assault, a central question for Airbnb is how much responsibility is it willing to assume for the safety of its customers?

  • July 31- Martin Sorrell's WPP and buyout firm Providence agreed on Friday to buy British marketing group Chime Communications for 374 million pounds in a bid to turn the smaller group into a global sports marketing agency. The offer from Providence and shareholder WPP includes an interim dividend of 2.53 pence per share. WPP, which owns about 20 percent of Chime,...

  • WPP and Providence agree Chime deal for 374 mln stg Friday, 31 Jul 2015 | 2:18 AM ET

    LONDON, July 31- Martin Sorrell's WPP and buyout firm Providence agreed on Friday to buy British marketing group Chime Communications for 374 million pounds in a bid to turn the smaller group into a global sports marketing agency.

  • NEW YORK, July 29- When Matt and Jen Osmun opened their vape shop in Bethel, Connecticut, last December, they didn't expect to get a boost from the local medical marijuana outlet. "Sales are going really well, and getting better every month," said Jen Osmun, who started the business with her husband, a former plumber, after he was injured in an accident.

  • July 28- Textron Inc, the maker of Beechcraft and Cessna planes, reported lower-than-expected quarterly revenue as it delivered fewer King Air Turboprops and Bell helicopters. Revenue in Textron's aviation business, its largest, fell 5 percent to $1.12 billion in the second quarter, hurt by a change in the mix of commercial aircraft. Providence, Rhode Island-...

  • SINGAPORE, July 28- U.S. crude futures fell towards $47 a barrel, close to a four-month low, in early Asian trade on Tuesday after a stock market sell-off rattled investors, adding to concerns of an oil supply glut, although a weaker dollar put a floor under prices. *U.S. crude for September delivery dropped 30 cents to $47.09 a barrel as of 0020 GMT, after ending the...

  • NEW SHOREHAM, Rhode Island, July 27- Rhode Island's Deepwater Wind began installing the foundations for North America's first offshore wind farm on Monday, a milestone the company says could pave the way for an industry long established in Europe but still struggling with opposition in the United States. "Our belief is once Block Island is up and running, it will...

  • NEW SHOREHAM, Rhode Island, July 27- Rhode Island's Deepwater Wind will start installing the foundations for North America's first offshore wind farm on Monday, a milestone the company says could pave the way for an industry long established in Europe but that is still struggling with opposition in the United States. "Our belief is once Block Island is up and...

  • Fairfax, Virginia- based SRA, is owned by private equity firm Providence Equity Partners and provides IT and other services to various federal organizations, including defense intelligence agencies. SRA's revenue fell 8 percent to $1.39 billion in the fiscal year ended June 2014, although its losses narrowed to $24.1 million from $317.3 million a year...

  • NEW YORK, July 1- Two years after New York socialite Brooke Astor died in 2007, her son, Anthony Marshall, was convicted of bilking her of millions of dollars. Three states, most recently Missouri, have enacted laws that allow retail brokers to help curb scams against people with dementia. More than five million Americans over the age of 65 have Alzheimer's disease,...

  • NEW YORK, July 1- Two years after New York socialite Brooke Astor died in 2007, her son, Anthony Marshall, was convicted of bilking her of millions of dollars. Three states, most recently Missouri, have enacted laws that allow retail brokers to help curb scams against people with dementia. More than five million Americans over the age of 65 have Alzheimer's disease,...