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Top News & Analysis Rhode Island

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  • CONCORD, N.H.— Plenty of raw electricity sloshes around in Quebec's rivers and reservoirs, promising relief for U.S. northeasterners, who pay the nation's highest power costs. But getting those electrons to smartphones and air conditioners in Boston, Hartford and New York City is another matter entirely. The six New England governors say reining in the costs is a...

  • Verizon strike possible as contract deadline looms Friday, 31 Jul 2015 | 5:56 PM ET

    WASHINGTON— Verizon workers in nine states could walk off the job as soon as early Sunday if union negotiators don't reach an agreement over benefits with the wireless carrier. Last week the Communication Workers of America announced that 86 percent of Verizon workers covered by the contract voted to strike in a recent poll, if a new agreement isn't reached.

  • 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.

  • Lawsuit accuses CVS of overcharging for generic drugs Thursday, 30 Jul 2015 | 7:41 PM ET

    SAN FRANCISCO— CVS Health Corp. deliberately overcharged some pharmacy customers for generic drugs by submitting claims to their insurance companies at inflated prices, according to a lawsuit filed Thursday in federal court in San Francisco. "We've seen people who pay $20 for a 30- day supply as their copayments on a drug that was $11.99 for a 90- day supply had...

  • PROVIDENCE, R.I.— A barge accident off the coast of Rhode Island has dented the foundation of what will be the nation's first offshore wind farm. Deepwater Wind officials told The Providence Journal on Thursday that such accidents are not uncommon in offshore construction projects. Information from: The Providence Journal,...

  • PROVIDENCE, R.I.— A lawyer for imprisoned former House Speaker Gordon Fox said he has a meeting scheduled for Thursday with Board of Elections staff as he tries to sort out his client's campaign account, which Fox pilfered for personal use. But according to numbers released by prosecutors and filed with the Board of Elections, there is an unaccounted-for gap of at...

  • Jury awards $125,000 to victim of lead paint poisoning Wednesday, 29 Jul 2015 | 6:46 AM ET

    PROVIDENCE, R.I.— A Rhode Island jury has awarded $125,000 to a 19- year-old who sued her landlord for lead poisoning she says she suffered while living in a Pawtucket apartment when she was 2.. The Providence Journal reports that the verdict, which amounts to $350,000 with interest, went in favor of Traecina Claiborne. Information from: The Providence Journal,...

  • 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-...

  • Textron tops 2Q profit forecasts Tuesday, 28 Jul 2015 | 6:36 AM ET

    PROVIDENCE, R.I. _ Textron Inc. on Tuesday reported second-quarter net income of $167 million. Textron expects full-year earnings to be $2.30 to $2.50 per share. Textron shares have decreased almost 4 percent since the beginning of the year, while the Standard& Poor's 500 index has stayed nearly flat.

  • 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...

  • NORTH KINGSTOWN, R.I.— Construction has begun off Rhode Island's coast on the nation's first offshore wind farm, a milestone that federal and state officials say will help the fledgling U.S. industry surge ahead. Secretary of the Interior Sally Jewell said Monday that lenders, regulators and stakeholders can now see a path forward. Deepwater Wind is building a...

  • 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...

  • Verizon workers vote to authorize strike, if necessary Saturday, 25 Jul 2015 | 5:22 PM ET

    NEW YORK— Verizon workers in nine states have voted to go on strike if necessary over a dispute about a new contract, a union official said at a rally Saturday. At the rally in New York, the CWA announced that 86 percent of Verizon workers who voted in a recent poll backed strike action if required. The contract covers employees the nine states from Massachusetts to...

  • BOSTON— The black wool double-breasted suit jacket Ringo Starr wore in the 1965 Beatles movie "Help!" Boston- based RR Auction announced Friday that the jacket with soft gray vertical pinstripes, six black buttons, and the name "Ringo" sewn inside was part of the online Marvels of Modern Music auction that closed Thursday. Other items sold in the auction included a...

  • WASHINGTON— Transportation Secretary Anthony Foxx said Friday the government has opened a price-gouging investigation involving five airlines that allegedly raised airfares in the Northeast after a deadly Amtrak crash in Philadelphia in May disrupted rail service. The Transportation Department sent letters on Friday to Delta, American, United,...

  • PROVIDENCE, R.I.— A bridge in Cranston reopened to traffic on Tuesday, a month after its closure prompted a call for an investigation by the House speaker. The state Department of Transportation announced it was reopening the bridge six days ahead of schedule. The DOT awarded John Rocchio Corp. a $411,000 contract for the work in Cranston.

  • MONTPELIER, Vt.— A plan to run a 1,000- megawatt power line down Lake Champlain and across Vermont to bring Canadian power to southern New England is getting key support in the Green Mountain State. Vermont officials and TDI New England CEO Donald Jessome said Tuesday the company had reached agreements with four state agencies, three towns and the state's...