PROVIDENCE, RI – Troubled video game maker 38 Studios has laid off an unspecified number of employees. Governor Lincoln Chafee revealed the information after a meeting Monday night between 38 Studios' owner, Curt Schilling, and the board of the state Economic Development Corporation.
Chafee says the EDC board's discussion with Schilling included details on payroll and layoffs. The governor pointed to a confidentiality agreement in declining to provide more details on the job cuts.
PROVIDENCE, RI – In a study released by UMass Dartmouth finds Massachusetts residents are outspending Rhode Islanders at Ocean State slot parlors.
Massachusetts residents out-visited and out-spent Rhode Island residents at Twin River and Newport Grand last year. The study finds Bay State gamblers spent about $284 million, generating more than $157 million in taxes to the Ocean State.
PROVIDENCE, RI – Woonsocket-based CVS-Caremark says it's contributed more than a billion dollars to Rhode Island's Gross Domestic Product in 2010.
The PricewaterhouseCoopers economic impact study looked at how much CVS-Caremark contributed to the market value of all goods and services produced in Rhode Island. It found that the pharmaceutical giant contributed more than $1.2 billion to Rhode Island's GDP.
PROVIDENCE, RI – Providence Mayor Angel Taveras warned Thursday morning that without sacrifices by different stakeholders Rhode Island's largest city will be headed toward bankruptcy. Taveras also says the city will appeal a court decision blocking the city from moving city retirees into Medicare.
PROVIDENCE, RI – Governor Lincoln Chafee joined with officials from four other New England states in calling on Congress to fund the low income heating assistance program.
In a conference call with elected officials from Maine, Vermont, Connecticut and Massachusetts, Chafee said providing heating assistance is cheaper than lodging people in nursing homes, which would be the alternative for some people.
PROVIDENCE, RI – Occupy Providence Protesters say they plan to temporarily move their tents to allow maintenance work at Burnside Park. The agreement between protesters and the city is in stark contrast to some other Occupy movements, now facing removal by force.
PROVIDENCE, RI – Providence mayor Angel Taveras is joining with preservationists to announce steps to save a bank facade on Weybosset Street. The bank was torn down six years ago but the facade was left in place to be incorporated into a high rise that became a victim of the recession.