Capital Goods
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U.S. stocks rose as manufacturing in the New York region expanded more than forecast and Citigroup Inc. rallied, offsetting data showing retail sales in June increased less than expected. more
Oil and gas futures have risen by more than 10 percent, to $3.01 per gallon, in the past two weeks. This jump could result in the price of a gallon of unleaded gas increasing by as much as 30 cents in August, reported CNNMoney. more
Exports from the Ocean State rose 5.9 percent in May to $164.7 million on a month-to-month, seasonally adjusted basis after falling 15.1 percent in April, according to an international trade statistics report from e-forecasting.com. more
Hasbro Inc., the world’s second- largest toymaker, purchased a majority stake in Backflip Studios Inc. for $112 million in cash as it attempts to capture a bigger piece of the mobile-gaming market. more
The R.I. Public Transit Authority and the R.I. Department of Transportation have announced the launch of the "Beat Traffic, Try Transit" campaign, which began July 1 and will continue through the end of the year in an effort reduce traffic congestion on the Providence interstate as RIDOT starts construction on the Providence Viaduct Bridge Replacement Project. more
After dropping 4 cents last week, Rhode Island gasoline prices rose 3 cents this week, AAA Southern New England reported Monday. more
Rhode Island landed in the bottom 10 of “most patriotic” states in terms of domestic car and truck purchases, according to a report from TrueCar, an automotive pricing and analysis company. more
Rhode Island Fast Ferry is looking to begin a high-speed ferry service between North Kingstown’s Quonset Point and Block Island, having applied for a license from the R.I. Division of Public Utilities and Carriers, the ferry service announced Wednesday. more
Hasbro Inc. and Electronic Arts Inc. have entered into a four year agreement under which the digital entertainment company will develop mobile platforms for various Hasbro games. more
Coming in at 49, Rhode Island’s state highway system continues to rank as one of the lowest nationally, according to the latest annual highway report by the Reason Foundation. more
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