Economic Activity
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Three national tours will launch in Providence during Providence Performing Arts Center’s 2013-2014 season, the theater announced Sunday. more
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
Condominium sales in the Ocean State soared 60 percent in January, the Rhode Island Association of Realtors said Friday. more
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
(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
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
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
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
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
The R.I. State Council on the Arts and The Rhode Island Foundation have announced a collaborative “Assets for Artists” financial training and micro-financial opportunity program in partnership with the Massachusetts Museum of Contemporary Art, the International Institute of New England and other partners. more
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