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News Summary: RI to try to salvage investment

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News Summary: RI to try to salvage investment
Submitted by Fox First at Ten on June 7th

By The Associated Press
FINANCIAL TROUBLE: Former Boston Red Sox pitcher Curt Schilling's video gaming company filed for bankruptcy protection.
STATE REPONSE: Rhode Island's governor is promising to try to salvage at least some of the state's $75 million investment in that company.
THE BACKDROP: The company was lured to Providence from Massachusetts in 2010 when Rhode Island officials offered a $75 million loan guarantee. Federal authorities say they've begun an investigation into the firm.
Copyright 2012 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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