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U.S. economy grew 1.9% in 1Q on consumer spending
The U.S. economy grew 1.9 percent in the first quarter, reflecting a gain in consumer spending that now shows signs of cooling as the labor market weakens. more
Covidien completes Oridion acquisition
Medical device maker Covidien PLC has completed its acquisition of Oridion Systems Ltd., the company announced Tuesday. more
| 6/27/12
Defense spending in R.I. up 37% since 2003
Federal defense and homeland security contracts in Rhode Island have grown 37 percent to $472 million since 2003, according to a new report from the University of Massachusetts’ Donahue Institute. more
Nortek joins Russell indices
Nortek Inc., HVAC and ventilation maker, has joined the Russell 3000 and Russell 2000 indices, the company announced Monday. more
| 6/25/12
Ocean State pump prices drop 3 cents
Rhode Island’s gasoline price dropped three more cents this week in the 10th consecutive week of declines, according to AAA Southern New England. more
| 6/25/12
R.I. exports climb 7.4% in April
Exports from Rhode Island increased 7.4 percent in April, following a 19.9 percent decline in March from February’s record high, according to an international trade statistics report from e-forecasting.com more
R.I. receives failing grades on manufacturing and logistics report
Rhode Island received more than one failing grade in the 2012 Manufacturing and Logistics National Report from Ball State University’s Center for Business and Economic Research. more
DOT lands $10M for Viaduct work
The R.I. Department of Transportation landed $10 million from the U.S. Department of Transportation’s transportation investment generating economic recovery grant program to accelerate the rehabilitation of the Providence Viaduct and begin work late this year. more
| 6/21/12
Fourth of July travel projections tie 10-year high
AAA Southern New England projects that 42.3 million Americans will travel 50 miles or more from their home during the Fourth of July holiday, a 4.9 increase over the 40.3 million who traveled last year. more
| 6/20/12
KVH lands $2.8M U.S. Army contract
KVH Industries Inc. landed an initial $1.3 million order as part of a five-year contract with the U.S. Army valued at $2.8 million. more
| 6/20/12
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