Rhode Island

Curt Schilling's bloody sock from a 2004 baseball playoff game sold at auction for $92,613 at auction, but Rhode Island will see no money.

Providence, R.I.'s lawsuit accusing an actuary of miscalculating savings on pension benefits reflects greater exposure of advisors to liability, experts say.

Providence, R.I., sued longtime actuary Buck Consultants, accusing it of miscalculating $700,000 of savings the city expected to realize through pension overhaul.

Rhode Island's tax structure is hindering is recovery efforts, according to an economic development study that Gov. Lincoln Chafee commissioned.

A federal judge sentenced former Central Falls, R.I., mayor Charles Moreau to two years for corruption that occurred while the city was plummeting toward bankruptcy.

Capital city Providence, R.I., expects to balance its budget by year's end, Mayor Angel Taveras said.

Pension overhaul revived investor confidence in Rhode Island, said Treasurer Gina Raimondo, who cited positives in the state's two bond offerings in 2012.

Former Boston Red Sox pitcher Curt Schilling intends to sell the famous bloody sock he wore during a 2004 playoff game at New York's Yankee Stadium to appease creditors of his defunct video-game company.

Rhode Island Rep. Michael Marcello said he doesn't want public hearings on the $75 million loan guarantee to 38 Studios to interfere with a State Police probe.

Moody's Investors Service placed tobacco settlement revenue bonds of issuers in 17 states and two territories under review with direction uncertain because of legal settlement announced in December. The action affects $20.5 billion of debt.

While calling an $11.4 million general fund shortfall in Providence, R.I., a credit negative, Moody's praised officials for whittling down a $110 million gap.

Rhode Island Gov. Lincoln Chafee's proposed $8.2 billion budget includes a corporate tax cut and a $20 million local package to help distressed communities.

The capital markets reacted favorably when the U.S. Justice Department let two Rhode Island communities use Google settlement money to replenish pension funds.

Rhode Island Gov. Lincoln Chafee announced a transparency and accountability initiative, the goal of which, he said in an executive order, is to make more information about government operations and management available to the public.

The challenge to Rhode Island's pension overhaul law, for now, is in the hands of an independent federal mediation agency.

Gov. Lincoln Chafee appointed John "J.R." Pagliarini chief of staff to the Rhode Island Economic Development Corp., the agency under fire over its $75 million loan guarantee to 38 Studios.

Providence's agreement with police unions for pension benefit reductions is a credit positive for Rhode Island's struggling capital city, according to Moody's.

Rhode Island General Treasurer Gina Raimondo announced the hiring of Anne-Marie Fink as the state's chief investment officer and deputy treasurer of finance.

Court officials have rescheduled the sentencing date for the former mayor of Central Falls, R.I., who pleaded guilty last month to corruption charges.

Whether Rhode Island's pension law withstands a legal challenge is still uncertain, but one thing's clear: Judge Sarah Taft-Carter intends to hear the case.