Economic Activity
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R.I. ranked 2nd worst state to do business
On Forbes Magazine’s list of the Best States for Business, Rhode Island ranked 49th, beating out only Maine as the worst state in the country to do business. more
| 12/13/12 | 1 comment
CVS forecasts 2013 profit that tops analysts’ estimates
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
Foreclosure starts fall 13% in Providence metro area
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
Fed boosts QE with $45B in monthly Treasury purchases
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 rise on Fed support speculation, budget talks
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
PPS lands $341K for Brick School House purchase, preservation
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
| 12/11/12
Amazon.com to collect Mass. sales tax in 2013
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
| 12/11/12
Trade deficit in U.S. widened in October as exports slump
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
QDC, RIDOT land $6M to repair storm damage, fund upgrades
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
| 12/10/12
Employment index in U.S. declines, signaling slower job growth
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
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