Providence Business News
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Providence Business News provides local business news for Rhode Island and Southeastern Massachusetts. Our mission is to be the trusted business news and information source for the Rhode Island and Southeastern MA business community providing timely, insightful, in-depth and breaking news coverage that advances individual and company growth and success in local, state and global markets.
Providence Business News
25m ago
PROVIDENCE – There is a change of culture occurring at Rhode Island College, and results of the state college’s annual giving day on Wednesday is further evident of that shift. RIC’s annual One Bold Day of Giving 24-hour fundraising initiative raised $175,261 from 740 donors, both new records for the program and broke last year’s ..read more
Providence Business News
25m ago
NEWPORT – City officials expect to see more cruise ships and passengers this season than it did in 2023, according to the 2024 schedule released by Discover Newport Thursday. The city’s tourism department expects 63 cruise ships to arrive in Newport Harbor’s Perrotti Park this season, eclipsing the the 53 vessels that arrived in 2023 ..read more
Providence Business News
2h ago
PROVIDENCE – Confirmed cases of COVID-19 in Rhode Island increased by 103, with no deaths, from April 14-20, the R.I. Department of Health said Thursday. Typically, the state reports COVID-19 statistics collected from Sunday through Saturday of the previous week. New hospital admissions of COVID-19 patients totaled 16, down from 18 reported April 7-13. By comparison, there ..read more
Providence Business News
3h ago
PROVIDENCE – Greg Calderiso, founder of Just Breathe, was named the first-place winner of the 2024 Rhode Island Business Competition’s Pitch Contest. Just Breathe, which netted the top prize of $20,000 in cash plus in-kind services, is a provider of a relaxation device that is placed into the mouth and uses light airflow to guide ..read more
Providence Business News
4h ago
BOSTON – Brookline Bancorp Inc., the parent company of Bank Rhode Island, on Wednesday reported a profit of $14.7 million in the first quarter of 2024, a 93% increase from the $7.6 million posted the year prior. Earnings per diluted share were 16 cents, an increase from 9 cents per share reported the year prior. ..read more
Providence Business News
4h ago
PROVIDENCE – Textron Inc. on Thursday reported a $201 million profit in the first quarter of 2024, a 5.2% increase from $191 million last year. The company reported a profit of $1.03 cents per diluted share, up from 82 cents one year prior. The results missed Wall Street expectations. The average estimate of six ..read more
Providence Business News
5h ago
WASHINGTON (AP) – The nation’s economy slowed sharply last quarter to a 1.6% annual pace in the face of high interest rates, but consumers – the main driver of economic growth – kept spending at a solid pace. Thursday’s report from the Commerce Department said the gross domestic product – the economy’s total output of ..read more
Providence Business News
17h ago
SEEKONK – Moss Home Solutions, a real estate investment firm that facilitates cash sales between distressed homeowners and real estate investors, recently purchased a new headquarters on the state line between Massachusetts and Rhode Island. Moss Home Solutions announced that it plans to expand its staff and operations through its purchase of this 5,300-square-foot facility ..read more
Providence Business News
17h ago
Nichole Longtin is a residential mortgage adviser at CrossCountry Mortgage LLC in East Greenwich. Prior to joining CrossCountry Mortgage in September 2023, Longtin was a branch manager for Total Mortgage Services LLC for about four years. She started her career in 2003 as a mortgage loan processor and worked for several companies before getting licensed ..read more
Providence Business News
17h ago
NEWPORT – A residential condominium in the historic Clarke Street Meeting House, a converted church property, recently sold for $1.59 million, according to Compass Inc., which represented the buyer in the transaction. The residence at 15 Clarke St., both Unit 8 and Unit 13B, includes two bedrooms, two full bathrooms and one half-bathroom as the ..read more