Curt Schilling's Firm Lays Off Entire Staff

Former Red Sox great Curt Schilling's video gaming firm—38 Studios—laid off its entire staff today. In 2010, Schilling moved the company from Massachusetts to Rhode Island in exchange for $75 million in loan guarantees from the Ocean State.

State officials said the company could not meet its payroll. Rhode Island Gov. Lincoln Chafee's office said it was investigating whether the company was incorporated out of state—making it ineligible for the tax incentives it applied for.