Top News & Analysis Rhode Island

  • WASHINGTON, Dec 28- Democrats on the U.S. Senate's environment panel on Wednesday asked President-elect Donald Trump's choice to head the Environmental Protection Agency to disclose his ties to the energy industry ahead of his confirmation hearing early next year. The six senators sent a letter to Scott Pruitt, who as Oklahoma Attorney General led several...

  • Hillary Clinton speaks as Donald Trump looks on during the town hall presidential debate at Washington University on October 9, 2016 in St Louis, Missouri.

    Mostly Democratic lawmakers want their states to join a 10-year-old movement to work around the Electoral College.

  • Dec 15- For nearly two years, a killer stalked the patients of Providence Alaska Medical Center. It was a bacteria called Acinetobacter baumannii, a common cause of infections in hospitals. After a rash of mild cases in early 2011, doctors began seeing highly drug-resistant infections in patients, said Dr Megan Clancy, an infectious-disease specialist at the...

  • Dec 12- Privately held power developer Deepwater Wind said on Monday that commercial operations had begun at its Block Island Wind Farm, which will deliver electricity into New England' s grid. This will be the United States' first offshore wind farm and will supply most of the power on Block Island, Rhode Island, according to the company's website.

  • BOSTON, Dec 6- Massachusetts, already a large investor in some of the world's biggest hedge funds, wants to hire an adviser to help find smaller managers that could improve the $63.2 billion state pension fund's risk and return profile. The Pension Reserves Investment Management Board on Tuesday voted to issue a request for proposals for advisers to assist in...

  • Dec 2- Windpower developer Deepwater Wind said on Friday its 30- megawatt wind farm located offshore from Block Island, Rhode Island, has completed the testing phase and is expected to start commercial operations in a few days. Deepwater, which is principally owned by an entity of investment firm D.E. Shaw Group, said it is currently finalizing operations...

  • WASHINGTON, Dec 1- Carnival Corp's Princess Cruise Lines will plead guilty to seven felony charges of polluting the seas and trying to cover it up, and pay a record $40 million criminal penalty, the U.S. Justice Department said on Thursday. U.S. investigators began to probe the ship's actions after a whistle-blower engineer reported an illegal dump off the coast...

  • Online sales on Friday hit $1.70 billion as of 3 p.m. EDT, according to Adobe Digital Index, after reaching $1.13 billion for the day on Thursday, up almost 14 percent from a year ago. The National Retail Federation has said it expects total sales this holiday season to increase by 3.6 percent to $655.8 billion, mainly due to the rise in online shopping.

  • Online sales on Friday hit $1.65 billion as of 1 p.m. EDT, according to Adobe Digital Index, after reaching $1.13 billion for the day on Thursday, up almost 14 percent from a year ago. The National Retail Federation has said it expects total sales this holiday season to increase by 3.6 percent to $655.8 billion, mainly due to the rise in online shopping.

  • In the New York and Chicago areas, shoppers said stores were less busy than previous years on the day after the Thanksgiving holiday. "Nobody was busting down the doors at 6 a.m.," said Tracy Watkins, a Bed, Bath and Beyond store manager at the Chicago Ridge Mall, as temperatures outside lurked below freezing. Really calm, "said shopper Lauren Green, who was in line outside...

  • In the New York and Chicago areas, shoppers said stores were less busy than previous years on the day after the Thanksgiving holiday. "Nobody was busting down the doors at 6 a.m.," said Tracy Watkins, a Bed, Bath and Beyond store manager at the Chicago Ridge Mall, as temperatures outside lurked below freezing. Really calm, "said shopper Lauren Green, who was in line outside...

  • Nov 25- Faith Ruggieri, standing in the damp and chilly night air outside a Walmart in Providence, Rhode Island on Black Friday, represented a hopeful sign for traditional retailers squeezed by online rivals such as Amazon.com Inc.. Tracy Watkins, a Bed, Bath and Beyond store manager at the Chicago Ridge Mall, said "nobody was busting down the doors at 6 a.m." as the...

  • Consider the sneaker industry, one of the first to move to Asia because of the sharply lower cost of production in China and Vietnam. Nike Inc. and its smaller, privately held rival New Balance Shoes Inc. split over the question of whether the United States should back the Trans Pacific Partnership trade deal. But if Trump and a Republican-controlled Congress...

  • "This could be a uniting issue," said Saru Jayaraman, co-director of the Restaurant Opportunities Centers United and director of the Food Labor Research Center at University of California, Berkeley. Voters in Arizona, Colorado and Maine voted to raise their minimum wages to $12 by 2020. Washington State agreed to take the minimum wage to $13.50 in the same time...

  • *Cuts 2016 EPS forecast to $5.77- $5.83 from $5.81- $5.89. *Issues 2017 EPS forecast of $5.77- $5.93 vs. est. In a major blow, CVS lost contracts to fill prescriptions for Tricare, a Department of Defense health care program, and for customers of pharmacy benefits manager Prime Therapeutics, to Walgreens Boots Alliance Inc this year.

  • *Cuts 2016 EPS forecast to $5.77- $5.83 from $5.81- $5.89. *Issues 2017 EPS forecast of $5.77- $5.93 vs. est. In a major blow, CVS lost contracts to fill prescriptions for Tricare, a Department of Defense health care program, and for customers of pharmacy benefits manager Prime Therapeutics, to Walgreens Boots Alliance Inc this year.

  • Nov 8- CVS Health Corp, the No. 2 U.S. drugstore chain by store count, reported a 15.5 percent rise in quarterly revenue, helped by strong demand for its pharmacy benefit management services. Net income attributable to CVS rose to $1.54 billion, or $1.43 per share, in the third quarter ended Sept. 30, from $1.25 billion, or $1.11 per share, a year earlier.

  • CHICAGO/ SAN FRANCISCO, Nov 4- U.S. voters on Tuesday will decide the fate of $70.3 billion of municipal bond issuance, the largest amount of borrowing requests in a decade, with much of it earmarked to help pay for fixing the nation's crumbling infrastructure. The biggest concentration of bonds hanging in the balance is in California, which accounts for nearly 60...

  • CHICAGO/ SAN FRANCISCO, Nov 4- U.S. voters on Tuesday will decide the fate of $70.3 billion of municipal bond issuance, the largest amount of borrowing requests in a decade, with much of it earmarked to help pay for fixing the nation's crumbling infrastructure. We've had more stability in revenues and more stability in the economy as a whole, so we would expect a...

  • Nov 3- CVS Health Corp said it would cut about 600 jobs, mostly at its corporate offices in Rhode Island, Illinois and Arizona over the next two months, citing an increasingly competitive environment. The drugstore chain operator, which is expected to report third-quarter results next week, employs more than 240,000 people in the United States.