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Latest stories from Providence Business News
Updated: 11 min 45 sec ago

8 local firms win PR honors

56 min 42 sec ago
Eight firms were honored for their public relations work last month.
Categories: RI News ~ Statewide

Gas prices up for 6th week in a row

1 hour 58 min ago
Gasoline prices increased in Rhode Island for the sixth consecutive week, AAA Southern New England reported Monday.
Categories: RI News ~ Statewide

Foreclosure deal deadline arrives as states consider releases

3 hours 9 min ago
States that balked at bank liability releases in a proposed $25 billion nationwide settlement over foreclosure practices must decide by today, Feb. 6, whether its mortgage relief and reforms are worth the legal claims they’ll give up.
Categories: RI News ~ Statewide

Verizon combines with Redbox to challenge Netflix in video

3 hours 19 min ago
Verizon Communications Inc., the second-largest U.S. phone carrier, formed a joint venture with Coinstar Inc. to compete with Netflix Inc. in offering DVD-movie rentals and a video streaming and download service.
Categories: RI News ~ Statewide

Labor-force loss prompts search of churches, libraries

3 hours 25 min ago
In the nation’s capital, city employees are scouring churches, libraries, and community centers to find people who have dropped out of the labor force and help them get jobs.
Categories: RI News ~ Statewide

Hasbro profit declines

3 hours 59 min ago
Hasbro Inc. reported its earnings declined to $385.4 million in 2011 from $397.7 million in 2010.
Categories: RI News ~ Statewide

BofA considers Boston tower sale

Fri, 2012-02-03 13:20
Bank of America Corp. is considering selling its 37-floor office tower in Boston, The Boston Globe reported Friday.
Categories: RI News ~ Statewide

Providence mayoral academy gets preliminary OK

Fri, 2012-02-03 12:56
The state Board of Regents for Elementary and Secondary Education gave preliminary approval Thursday to open a mayoral academy in Providence.
Categories: RI News ~ Statewide

SBA supports $1.6M in loans to R.I. businesses in January

Fri, 2012-02-03 11:34
The U.S. Small Business Administration issued guarantees for 15 loans to Rhode Island small businesses in January.
Categories: RI News ~ Statewide

SBA lends $1.6M to R.I. businesses in January

Fri, 2012-02-03 11:34
The U.S. Small Business Administration issued 15 loans for Rhode Island small businesses in January.
Categories: RI News ~ Statewide

Mass transit losing gas tax to U.S. roads unites usual foes

Fri, 2012-02-03 11:03
The U.S. Chamber of Commerce and the International Brotherhood of Teamsters are among the hundreds of groups setting aside political differences to unite against a proposal to cut mass-transit funding.
Categories: RI News ~ Statewide

Boeing-Textron V-22 said to be cut $1.75B by Pentagon

Fri, 2012-02-03 10:05
The Pentagon will eliminate 24 V-22 Osprey aircraft built by Boeing Co. and Textron Inc. from its five-year budget plan, saving $1.75 billion through 2017, according to two U.S. officials.
Categories: RI News ~ Statewide

Bank of America wins dismissal from Allstate Countrywide suit

Fri, 2012-02-03 09:53
Bank of America Corp. won dismissal from Allstate Corp.’s lawsuit over the insurer’s alleged losses from $700 million in mortgage-backed securities purchased from Countrywide Financial Corp.
Categories: RI News ~ Statewide

U.S. unemployment drops to 8.3%

Fri, 2012-02-03 09:14
Employment climbed more than forecast in January and the U.S. jobless rate unexpectedly fell to the lowest in three years, casting doubt on the Federal Reserve’s pledge to keep interest rates low until late 2014.
Categories: RI News ~ Statewide

January retail sales exceed estimates on post-holiday deals

Thu, 2012-02-02 12:54
Same-store sales at U.S. retailers in January topped analysts’ estimates, led by Limited Brands Inc. and Target Corp., as shoppers took advantage of post-holiday discounts.
Categories: RI News ~ Statewide

Workers’ group reviews pay, policies at restaurants

Thu, 2012-02-02 12:16
Any restaurant guide worth its sea salt can tempt readers with descriptions of One if By Land’s foie gras and roasted poussin. To learn that the owner pays the busboys a “living wage” of $9 an hour, and offers paid sick days, diners need a new …
Categories: RI News ~ Statewide

Mass. co. buys 2 R.I. firms

Thu, 2012-02-02 11:50
Two Rhode Island security firms under the same ownership have been bought by a Massachusetts company for an undisclosed price.
Categories: RI News ~ Statewide

Terry Murray honored for board achievement

Thu, 2012-02-02 11:43
J. Terrence Murray was honored for excellence in board leadership on Feb. 1.
Categories: RI News ~ Statewide

Taveras: Providence bankrupt by June without contributions

Thu, 2012-02-02 11:25
Mayor Angel Taveras Thursday said the city will be bankrupt by June if it does not gain pension concessions from municipal retirees or additional payments from its tax-exempt hospitals and colleges.
Categories: RI News ~ Statewide

January job cuts in U.S. lower than average, Challenger says

Thu, 2012-02-02 08:58
Announced job cuts in January were lower than average for the month, showing firings in the U.S. are on the decline.
Categories: RI News ~ Statewide