Economic Activity
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Merlo, fast-growing companies to headline Chamber event
CVS Caremark Corp. President and CEO Larry Merlo has agreed to be the keynote speaker for the opening session of The Garage, the Greater Providence Chamber of Commerce’s May 14 event at the R.I. Convention Center designed to take the place of the more than two-decade old Business Expo. more
| 3/19/13
Negative equity increases in 2012 4Q in Providence metro area
The number of Providence-area homeowners who owe more on their mortgages than their houses are worth increased in the fourth quarter of 2012, Corelogic said Tuesday. more
Housing starts in U.S. climb as building permits pick up
New U.S. home construction rose in February and building permits climbed to the highest level in almost five years, adding to signs of progress in the housing market that’s helping boost the economy. more
Natural gas rises to 17-month high as cold snap extends to April
Natural gas climbed to its highest price in almost 17 months in New York on speculation that a cold start to spring will buoy demand for heating fuels. more
U.S. stock futures drop as Cyprus bank levy renews euro concern
U.S. stock-index futures fell as euro-area leaders imposed a levy on Cypriot bank deposits to cut the cost of a bailout, sparking concern the measure may one day be used in the bigger economies of Spain or Italy. more
Study: Massachusetts residents the key to gambling success in R.I.
While the number of Rhode Islanders who visited Twin River declined 9.1 percent from 2010 to 2012 to 161,726, those who came from Massachusetts increased 8.8 percent to 385,348, helping the Lincoln gaming facility gain less than one-half percent in visitors to 582,662 in the time period. more
| 3/18/13
Boehner declaring no debt crisis revealed in household loans
The bear market in bonds is being delayed by Americans socking away money at 50 times the rate at which they take on debt to buy houses, cars and other items. more
April 1 deadline looms for biz plan applicants
The deadline to apply to the 2013 Rhode Island Business Plan Competition is one week away and all applications are due by 5 p.m. on Monday, April 1. more
| 3/25/13
Foreclosure rates in Providence metro rise slightly in January
The Providence-Fall River-New Bedford area foreclosure rate rose 0.01 percentage points in January compared with the same period in 2012, CoreLogic said Monday. more
| 3/25/13
N. Providence mill lands spot on historic register
The Lymansville Co. Mill, following long-term restoration, has been added to the National Register of Historic Places by the National Park Service, announced the R.I. Historical Preservation and Heritage Commission. more
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