Economic Activity
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FGX International taps Melo as new CEO
César Melo, a consumer product industry veteran, took over as CEO of eyewear designer and marketer FGX International on Monday, the company announced. more
| 3/4/13
Three national tours to launch at PPAC during ’13-’14 season
Three national tours will launch in Providence during Providence Performing Arts Center’s 2013-2014 season, the theater announced Sunday. more
U.S. stock futures decline on China data, federal spending cuts
U.S. stock-index futures declined as growth slowed in China’s services industry and American lawmakers signaled federal spending cuts will continue for weeks before they can reach a budget resolution. more
Condo, home sales rise in January
Condominium sales in the Ocean State soared 60 percent in January, the Rhode Island Association of Realtors said Friday. more
| 3/1/13
Consumer spending in U.S. climbs even as taxes hurt incomes
Consumer spending in the U.S. rose in January even as incomes dropped by the most in 20 years, showing households were weathering the payroll-tax increase by socking away less money in the bank. more
Revised jobless rate falls below 10%
(Updated, 3:50 p.m.) Rhode Island’s unemployment rate fell to 9.9 percent in December 2012, dipping below 10 percent for the first time in almost four years, according to annually revised data released Thursday by the R.I. Department of Labor and Training. more
R.I. foreclosure inventory unchanged in January
The foreclosure inventory in Rhode Island was unchanged from January 2012 to January 2013 at 3 percent, CoreLogic reported Thursday. This means that 3 percent of all homes with a mortgage in Rhode Island were in one aspect of the foreclosure process. more
| 2/28/13
Lin Texas $94M charge sees Lin TV profit plummet in 4Q, 2012
Lin TV Corp., saw its profit plummet even as revenue rose during the fourth quarter and 2012 as a whole, the company reported Thursday. The decrease was mostly due to a $94 million charge from an agreement between Lin Texas, Comcast and General Electric. more
| 2/28/13
Business activity in U.S. unexpectedly picked up in Feb.
Business activity in the U.S. unexpectedly expanded in February at the fastest pace in almost a year, a sign the manufacturing industry is poised for growth. more
Big East negotiates to sell name
The Big East conference, which will be left with one of its founding schools by 2014, is negotiating the sale of its name to a new group of seven Catholic universities, the New York Times reported. more
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