News Summary: RI to try to salvage investment

The Associated Press
FILE - In a Monday, May 21, 2012 file photo, former Boston Red Sox pitcher Curt Schilling, center, is followed by members of the media as he departs the Rhode Island Economic Development Corporation headquarters in Providence, R.I. Schilling and Rhode Island's economic development agency met Monday to discuss the finances of his troubled video company. (AP Photo/Steven Senne, File)

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.