Economic Activity
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SEED makes $1M in loans, 19 new jobs expected
The South Eastern Economic Development Corp. has made $1 million in loans to three small businesses that will create 19 new jobs, according to a press release from the nonprofit. more
Mortgage bonds slump as Fed’s buying boost fades
After posting their worst returns since 1999, government-backed mortgage bonds are starting 2013 with losses on speculation the end of Federal Reserve purchases is in sight and as homeowner refinancing roils the market. more
Underwater mortgages in metro area drop to 21% in 3Q
In the third quarter of 2012, 21 percent of the residential properties with a mortgage in the Providence-New Bedford-Fall River area were underwater, CoreLogic said Thursday. more
| 1/17/13
R.I. home sales soar 25% in 4Q
Rhode Island’s single-family home sales soared 24.5 percent during the fourth quarter of 2012, the Rhode Island Association of Realtors said Wednesday. more
| 1/23/13
Sales of U.S. existing homes decrease on lack of supply
Sales of U.S. existing homes unexpectedly dropped in December as the lowest supply in more than a decade cut into the industry’s best year since 2007. more
Hasbro to cut jobs after 4Q sales trail forecast
Hasbro Inc., the maker of Nerf, Playskool and Transformers toys, fell the most in nine months after saying preliminary fourth-quarter sales trailed its forecast because of weaker demand in the U.S. more
Air Canada suspends service from T.F. Green
Air Canada is suspending its twice daily service from T.F. Green to Toronto effective March 1, R.I. Airport Corporation Interim President and CEO Peter Frazier told Providence Business News. more
| 1/22/13
Mass. bankruptcies drop in 2012
Personal and business bankruptcy filings in Bristol County, Mass., fell 11.9 percent in 2012 when compared with 2011, according to The Warren Group. more
| 1/21/13
Greenwich Odeum reopening celebration to feature local artists
The Greenwich Odeum, which closed after the Station Nightclub fire in light of stringent new fire code regulations, is reopening its doors on Saturday, Jan. 26, with a celebration that includes local performing artists. more
| 1/25/13
Fitch says U.S. debt-suspension removes risk of downgrade
Fitch Ratings said the temporary suspension of the U.S. debt limit removes the near-term risk to the nation’s AAA credit rating. more
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