Economic Activity
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CVS Caremark Corp., the largest provider of prescription drugs in the U.S., forecast 2013 profit that topped analysts’ estimates as it benefits from new pharmacy customers. more
Lenders initiated 13 percent fewer foreclosures in the Providence-Fall River-New Bedford area in November then they did during the same period in 2011, ReatyTrac said Thursday. more
The Federal Reserve said it will buy $45 billion a month of Treasury securities starting in January, expanding its asset-purchase program, and it linked the outlook for its main interest rate to unemployment and inflation. more
U.S. stock futures rose, indicating the Standard & Poor’s 500 Index will extend a five-week high, amid speculation the Federal Reserve will expand stimulus measures and as lawmakers continued talks on the budget. more
The Providence Preservation Society will purchase the 1769 Brick School House from the city of Providence thanks to a $341,500 grant from The Champlin Foundations, the preservation society announced Tuesday. more
Online retail warehouse Amazon.com will begin collecting state sales tax on purchases made by Massachusetts customers beginning in the fall of 2013, Gov. Deval L. Patrick’s office announced Tuesday. more
The trade deficit in the U.S. widened in October as the biggest slump in exports in almost four years outweighed a drop in imports, evidence of the slowdown in global growth. more
The Quonset Development Corporation and the R.I. Department of Transportation will receive $6 million in federal funding to make upgrades and repairs related to storm damage caused by 2011’s Hurricane Irene, Rhode Island lawmakers announced Monday more
A measure of job prospects fell in November for the second time in the past three months, indicating the U.S. job market will cool. more
There should be a sense of cautious optimism around Rhode Island’s strong October economic performance pending federal budget cut negotiations, according to University of Rhode Island economist Leonard Lardaro’s October Current Conditions Index. more
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