Economic Activity
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Underwater mortgages in R.I. drop 2.8% in 2Q
The number of underwater homes in Rhode Island dropped 2.8 percent in the second quarter. There were 51,727 properties in the Ocean State worth less than the outstanding mortgages on them in the April-June period of 2012, according to the Santa Ana, Calif.-based real estate data firm, down from 53,208 in the first three months of the year. more
| 9/12/12
Providence-area exports top $7B in 2011
Exports from the Providence-Fall River-New Bedford metropolitan area grew 23.3 percent to $7.1 billion from 2010 to 2011, according to data from the U.S. Department of Commerce’s International Trade Administration. more
| 9/21/12
Report: R.I. lays groundwork for wind energy
The Ocean State could be one the first states with offshore wind farms, according to a report released by Environment Rhode Island, the Conservation Law Foundation and the Environment Council of Rhode Island. more
| 9/13/12
Foreclosures in metro drop in August
Lenders initiated 31 percent fewer foreclosures on Providence metropolitan-area homes during August than they did during the same period last year, RealtyTrac said Thursday. more
Trade gap in U.S. widened to $42B as exports fell
The U.S. trade deficit widened in July for the first time in four months as the global economic slowdown reduced demand for American-made goods. more
Neptune-Benson acquires ETS
Aquatic filtration system-maker Neptune-Benson LLC has acquired Beaver Dam, Wisc.-based Engineered Treatment Systems LLC, Neptune-Benson announced Monday. more
| 9/11/12
Import prices in U.S. rose 0.7% in August as energy costs jumped
Prices of goods imported into the U.S. rose in August for the first time in five months as the cost of petroleum surged. more
Philips Lightolier lays off workers, faces tax credit questions
As many as 30 workers at Philips Electronics subsidiary Philips Lightolier were laid off last week, sparking an examination by city officials, reported the Fall River Herald. more
| 9/10/12
Pump prices rise 4 cents in R.I., Mass.
Rhode Island’s gasoline prices rose 4 cents this week, after dropping last week for the first time since early July, according to AAA Southern New England. more
| 9/10/12
Sea Corp. lands $86M Navy contract
Systems Engineering Associates Corporation – Sea Corp. – has been awarded a three-year, $86 million contract to support the electromagnetic department of Newport’s Naval Undersea Warfare Center. more
| 9/10/12
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