Economic Activity
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CVS bottom line rises 23% in 1Q
CVS Caremark Corp., the largest provider of prescription drugs in the United States, saw its bottom line rise 23.3 percent to $956 million during the three months ended March 31, 2013, CVS announced Wednesday. more
| 5/1/13
Hope Valley Industries lands commendation from GM
Hope Valley Industries, a North Kingstown supplier of automotive floor mats, has been recognized as a 2012 Supplier of the Year by General Motors. more
R.I. leading indicators stagnant in March
An index of Rhode Island’s leading economic indicators produced by Providence Business News and e-forecasting.com held steady from February to March with a reading of 122.2. more
| 5/3/13
Grow Smart R.I. to honor community leaders, projects
Grow Smart Rhode Island – a nonprofit that advocates for sustainable economic growth in the Ocean State – will honor individuals, plans and projects that play to Rhode Island’s strengths, generate sustainable economic benefits and improve the state’s communities and neighborhoods at its second annual awards gala in June. more
| 5/7/13
U.S. stock futures little changed after Dow average tops 15,000
U.S. stock futures were little changed, after the Dow Jones Industrial Average climbed above 15,000 for the first time yesterday, as investors awaited earnings from News Corp. and Monster Beverage Corp. more
F-35 program to benefit R.I. economy, say Lockheed officials
Officials from Lockheed Martin, the manufacturer of the F-35 Lightning II, stopped by the R.I. Department of Administration Thursday afternoon to discuss the need for the fifth-generation fighter aircraft and how its manufacture will benefit Rhode Island’s economy. more
U.S. stocks little changed as investors weigh pace of stimulus
U.S. stocks were little changed, with the Standard & Poor’s 500 Index poised for a third straight week of gains, as investors weighed the pace of central bank stimulus amid a meeting of finance ministers. more
PBN recognizes R.I.’s Best Places To Work in 2013 awards program
Providence Business News has announced the awardees of the Best Places To Work competition, which recognizes companies – large and small – based on surveys of employees and management reports. more
| 5/10/13
CVS launches new product line, releases CSR report
CVS Caremark Corp.’s CVS/pharmacy division announced the official launch of “Total Home,” a home care product line that includes more than 150 different items. more
| 5/9/13
Foreclosures fall in Prov. metro in April, but more to come in R.I.
April foreclosure starts in the Providence-Fall River-New Bedford metropolitan area dropped 7.8 percent, and completed foreclosures fell 32.5 percent compared with the same period last year, according to RealtyTrac’s latest report. more
| 5/9/13
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