Economic Activity
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Jobless claims in U.S. rise for first time in three weeks
Applications for unemployment benefits in the U.S. rose last week, returning to levels seen prior to the holiday period and indicating little change in the pace of firings. more
EDC leadership role in doubt after damning report
The driving force behind the privatization of the R.I. Economic Development Corporation in 1995 was a desire to separate the Ocean State’s volatile and corruption-prone politics from efforts to grow its economy. more

By Patrick Anderson
PBN Staff Writer | 10/1/12

Treasuries climb as U.S. growth concern spurs demand for safety
Treasuries advanced for a second day, recouping more than half the losses posted since Federal Reserve policy makers announced more stimulus last week, on speculation economic growth will fail to spur employment gains. more
Spectra acquires Lapis assets
Banknote security systems supplier Spectra Systems Corp. has acquired proprietary software, multi-year contracts and long-standing customer relationships from Lapis Software Associates LLC, Spectra announced Tuesday. more
| 9/18/12
Current-account deficit in the U.S. narrowed in 2Q
The current-account deficit in the U.S. narrowed more than forecast in the second quarter, helped by a pickup in exports and a bigger income surplus. more
SBA approves R.I. purchase of Rocky Point property
The U.S. Small Business Administration has accepted Rhode Island’s offer to purchase the remaining land at Rocky Point in Warwick for the development of a future state park, Gov. Lincoln D. Chafee announced Monday. more
| 9/17/12
CVS names Moriarty executive VP, general counsel
CVS Caremark has appointed Thomas M. Moriarty as its executive vice president and general counsel, the company announced Monday. more
| 9/17/12
Confidence among homebuilders hits a six-year high
Confidence among U.S. homebuilders climbed in September to the highest level in more than six years, adding to signs of progress in residential construction. more
Bloomberg News | 9/24/12
BIF-8 kicks off at Trinity Rep.
A sold-out crowd of more than 400 from eight countries filed into the auditorium at Providence’s Trinity Repertory Company on Wednesday for the first day of the Business Innovation Factory’s BIF-8 summit. more
Unemployment rate drops to 10.7% in August
The state’s jobless rate marked a fourth consecutive month of improvement in August, falling to 10.7 percent according to the R.I. Department of Labor and Training. more
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