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In her debut appearance today at a Senate Banking Committee hearing, Sen. Elizabeth Warren from Massachusetts made federal regulators uncomfortable when she asked a simple question: When was the last time you took a big Wall Street bank all the way to trial?

The Newport County Chamber of Commerce has issued a statement recognizing the positive economic impact same sex marriage brings to a community.  

While the statement stops short of endorsing marriage equality, it says that same sex marriage could have a substantial economic impact on Newport businesses, particularly the hospitality and wedding industries.  The statement ends by saying that Rhode Island is at a competitive disadvantage with our New England neighbors who already have marriage equality.

Scam targeting businesses in RI

Feb 13, 2013

Rhode Island Secretary of State Ralph Mollis is warning local businesses about a scam.  A letter that appears to come from the state asks businesses to fill out a form and pay a $125 document fee.  The notification claims to be coming from the “Rhode Island Corporate Compliance” office.   Secretary of State Ralph Mollis says this letter is not legitimate.

Do you have insight or expertise on this topic? Please email us, we'd like to hear from you.  news@ripr.org

Charges of alleged corruption at Logan cab stands

Feb 13, 2013

Cab stand workers at Boston’s Logan Airport are accused of corruption.  Five men are being arraigned Wednesday on charges of taking bribes.

Cabs operating legally at Logan report to a taxi pool where they are dispatched to terminal cab stands in order.  Prosecutors claim the cab stand workers collected between $20 and $40  from any cab driver who wanted to cut in line.  Longer-distance fares would also be steered to some of the cabbies.

Some of the drivers told investigators this system nearly doubled their daily earnings.

Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for a weekly business segment we're calling "The Bottom Line." Each Friday it looks at business news and themes that affect local business and the public.

This week Dave and Mark talk with architect and developer Steve Durkee. A RISD grad, Durkee discusses the need to bringing more residential space to downtown Providence.

When to Listen

You can hear The Bottom Line each Friday at 5:50pm.

RI and Chinese companies to meet

Feb 11, 2013

A group trip is being organized for Rhode Island businesses who are interested in doing business with China, as well as those already doing so.   The Rhode Island Economic Development Corporation is organizing a trip for the last two weeks in April.  

The E-D-C says business appointments with Chinese companies will be arranged and informational briefings will be given to participants.

For more information click here.

#honestjobdescription

Feb 6, 2013

What's your job? Really? That's the question Planet Money asked on Twitter yesterday. Here are a few of their favorite answers.

Monopoly: the cat wins by more than a whisker

Feb 6, 2013

Monopoly has a new token. Fans of the board game say it’s a purr-fect addition to the classic game. (Sorry).

Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for a weekly business segment we're calling "The Bottom Line." Each Friday it looks at business news and themes that affect local business and the public.

This week Dave and Mark talk with Donald Nokes, founder of NetCenergy. He is past vice-chair of the State Health Exchange Board and is currently president of the Rhode Island Business Group on Health.

PHOTO: RIPR FILE

The Rhode Island Economic Development Corporation estimated this summer’s America’s Cup sailing event would pump more than $70 million into the state’s economy. But the actual haul was much less.

2012 was good to Providence's hotels

Feb 1, 2013
Front door of Biltmore Hotel
RIPR file

2012 was a banner year for the Providence hotel industry.  Both occupancy and room rates exceeded the national and regional averages.

The Bottom Line: Confidence returning to RI business community

Jan 25, 2013

Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for a weekly business segment we're calling "The Bottom Line." Each Friday it looks at business news and themes that affect local business and the public.

This week Dave and Mark talk about a new business survey in the Providence Business News that finds more local companies are feeling better about their prospects. They’re feeling more confident about hiring new employees and expanding business.  

When to Listen

Photo by: Catherine Welch / RIPR

Pawtucket-based toy maker Hasbro says it will lay off about 10 percent of its workforce and consolidate some facilities to offset lower than expected revenue growth.

The Bottom Line: Restaurant Week

Jan 18, 2013

(PROVIDENCE, RI) Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for a weekly business segment we're calling "The Bottom Line." Each Friday it looks at business news and themes that affect local business and the public.

This week Dave and Mark talk with Robert I. Burke, proprietor of the Pot au Feu restaurant in Providence. They discuss “Restaurant Week”, the value of Johnson & Whales, and how the industry is changing to accommodate younger diners.

When to Listen

RI employment picture improving

Jan 18, 2013

(PROVIDENCE, RI)  Governor Lincoln Chafee says the latest jobless data shows Rhode Island’s economy is on the mend.  But the unemployment rate is still in double digits and still the highest in New England.

Rhode Island’s unemployment rate went from 10.4 percent in November to 10.2 percent in December.  But that’s not why the Governor called the news media to his office to  trumpet the data.  He’s energized by five key metrics used to calculate the jobless figure – all of which are moving in the right direction for only the second time in six years.
 

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