Rhode Island

Executives from video-game company 38 Studios LLC admitted in bankruptcy court that their breakthrough game fell short of expectations.

Central Falls could exit bankruptcy by early September under a schedule to which unions, retirees and a bankruptcy judge agreed.

Fitch Ratings has revised its outlook for West Warwick, R.I.'s general obligation bonds to negative from stable, while affirming its rating of $13 million of debt at BBB-plus.

The bankrupt, 18,000-population Rhode Island city receives long-awaited positive news from Wall Street

Rhode Island Gov. Lincoln Chafee signed an executive order creating a task force to help facilitate shared services among Pawtucket, Central Falls and East Providence.

The Rhode Island Economic Development Corp. has hired outside counsel to explore a clawback of money the state stands to lose amid the demise of video game company 38 Studios.

Attorneys representing various public-sector employees argue in Rhode Island Superior Court that the reversal of signed contracts was illegally unilateral.

Gov. Lincoln Chafee signed Rhode Island's $8.1 billion budget, but warned that storm clouds still hover over the state's cities and towns.

Fearing the loss of casino revenue to a neighboring state, Rhode Island's General Assembly passed an end-of-session bill that gives the state 18% of the take from table games at its Twin River and Newport Grand facilities, should voters approve an enabling referendum this fall.

Woonsocket school officials are asking Rhode Islandto take over the district immediately.

Receivership looms for Woonsocket, R.I., after a bill allowing the city to assess a 13% supplemental property tax levy to cover a $10 million budget gap died in the Rhode Island House early Wednesday.

The analogy hit Anthony Figliola right away when 38 Studios, Curt Schilling's beleaguered video-game company in Providence, filed for bankruptcy.

Rhode Island's General Assembly has sent two resolutions to Gov. Lincoln Chafee approving plans of the Rhode Island Economic Development Corp. to issue $7.5 million of bonds for maintenance dredging at Port of Davisville in North Kingstown.

Shortly after embattled video game company 38 Studios LLC, filed for Chapter 7 bankruptcy protection on Thursday afternoon, Rhode Island officials were studying the effect on their financial picture and bond rating.

Central Falls, R.I., which is on the verge of exiting bankruptcy, would experience modest gains under its five-year budget plan.

Deloitte LLP will work with Braver PC in a forensic audit of 38 Studios LLC, the struggling video-game company owned by former Boston Red Sox pitcher Curt Schilling, Rhode Island Gov. Lincoln Chafee announced.

Providence, R.I., Mayor Angel Taveras wasn’t taking any victory laps, despite the upbeat tone of last week’s announcement of a tentative landmark deal with major unions in Rhode Island’s capital city to reduce pension and health care benefits.

A willingness to talk and a sense of urgency prompted Providence and three major unions to agree on pension and health care benefit reductions, according to financial observers.

Acting on a city request, Rhode Island officials appointed a five-member budget commission to oversee the finances of 44,000-population Woonsocket, whose school system’s deficit could worsen to $10 million if state lawmakers don't approve a supplemental tax levy.

Providence, R.I., Mayor Angel Taveras late Wednesday afternoon announced an agreement with municipal workers and retirees that city officials say will enable Rhode Island's capital to avoid bankruptcy through cuts in pension and health care benefits.