Economic Activity
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Oil trades near 4-month high before vote on U.S. debt ceiling
Oil traded near a four-month high as the U.S. House of Representatives neared a vote to temporarily suspend the country’s borrowing limit. more
Port of Davisville sees third record year in 2012
The Port of Davisville at Quonset Business Park had its third consecutive record-breaking year, according to Gov. Lincoln D. Chafee, who joined state officials and local business leaders on Wednesday to announce the port’s success. more
| 1/30/13
Housing packs punch for U.S. growth in 2013 and beyond
The housing rebound is broadening to other parts of the U.S. economy and will likely lend impetus to growth through 2013 and beyond. more
U.S. stock futures rise on earnings before service-industry data
U.S. stock futures rose, after the Standard & Poor’s 500 Index fell the most since November, as investors awaited earnings on companies from Walt Disney Co. to Expedia Inc. and a report on service-industries growth. more
Home prices rise 3% in Providence metro in December
Single-family home prices in the Providence-Fall River-New Bedford metro area rose 3 percent from December 2011 to December 2012, according to CoreLogic’s Home Price Index. more
| 2/5/13
EDC hires firms to study, market Warwick Station District
The R.I. Economic Development Corporation has hired Beta Group Inc. of Lincoln and (add)ventures of Providence to study and market the Warwick Station District near T.F. Green Airport in Warwick. more
Housing Network lands $375K from AG’s office
The Housing Network of Rhode Island has received a $375,000 grant from the R.I. Attorney General Peter F. Kilmartin’s Office to bolster mortgage and home buyer education programs, the office announced Thursday. more
U.S. payrolls rose in January after jumping at end of 2012
Hiring increased in January after accelerating more than previously estimated at the end of 2012, evidence the U.S. labor market was making progress even as lawmakers quarreled over the federal budget. more
Wash Trust: record profit in ’12
Washington Trust Bancorp Inc., parent of The Washington Trust Co., posted record earnings of $35.1 million for 2012, an 18 percent increase in net income compared with $29.7 million in 2011. more
Unemployment rate drops in Providence metro in December
Unemployment rates were lower in December in 290 of the nation’s 372 metropolitan areas, including the Providence-Fall River-Warwick metro area, according to non-seasonally adjusted data from the U.S. Bureau of Labor Statistics. more
| 1/30/13
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