Economic Activity
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Hopedene mansion sells for record $16M
The 15-bedroom “Cliff Walk” mansion known as “Hopedene” has sold for $16 million, the highest purchase price of a Rhode Island home this year and second highest ever, Gustave White Sotheby’s International Real Estate announced Wednesday. more
EDC holds supplemental meeting after scheduling error
Updated, 11:30 a.m.) After a scheduling error with the electronic posting system that shows the date of all meetings open to the public, the R.I. Economic Development Corporation will hold a supplemental meeting of its board of directors. more
| 9/26/12
Small-business optimism in U.S. climbs for third month in a row
Confidence among U.S. small businesses rose in February for a third month as more company leaders said they will invest in equipment and stockpiles. more
R.I. cities, towns share in $1.94M recycling profits
On Thursday Gov. Lincoln D. Chafee joined the R.I. Resource Recovery Corporation to distribute $1.94 million in recycling profits to the state’s 39 municipalities. more
| 9/6/12
Hasbro suffers missed gain as stores hold back Avengers toys
Kids looking to grab an Iron Man toy after being wowed by the hit “Marvel’s The Avengers” have some choices on store shelves, including leftovers from the 2010 movie “Iron Man 2.” more
Natural gas futures decline on forecasts of moderating weather
Natural gas futures dropped in New York for the first time in five days on forecasts of cooler weather that would limit demand from power plants. more
Jobless claims in U.S. decrease to lowest level in a month
Fewer Americans than forecast filed applications for unemployment benefits last week, easing concern the labor market may weaken in the second half. more
B of A reveals downtown plans
Bank of America will be moving its downtown office workers to 100 Westminster St. and 1 Financial Plaza as it exits 111 Westminster St., its home in Rhode Island since its predecessor built the iconic, 26-story structure in 1928. more
| 9/4/12
KVH introduces new TracPhone
KVH Industries Inc. is debuting the TracPhone V7-IP for mini-VSAT Broadband service for shipboard satellite communication. more
Oil advances to highest price in a week on stimulus speculation
Oil climbed to the highest level in more than a week in New York on speculation that central banks will take more steps to boost economic growth, spurring demand for raw materials. more
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