Economic Activity
1029 results total, viewing 921 - 930
The Washington Trust Co.’s multi-pronged growth strategy is paying off, as the state’s largest community bank registered a 9.1 percent year-over-year net income gain in the second quarter, despite a 6.2 percent decline in total interest and noninterest income. more
The R.I. Revenue Department collected $1.4 million in May through the state’s 5 percent hotel tax, a sum 17.5 percent higher than the $1.2 million collected a year earlier in May 2013, according to the latest revenue report. more
Lending to Russian companies reached a crescendo last year, with international banks pledging $31 billion to OAO Rosneft to buy TNK-BP. As sanctions are tightened against the nation, however, even the smallest deals have dried up. more
Gasoline prices declined 4 cents in Rhode Island and 2 cents in Massachusetts this week, the third consecutive week of lower prices in both states, according to the weekly survey by AAA Southern New England. more
(Updated, 8:28 p.m.) Roger Williams University has chosen the former home of 38 Studios LLC as the new location for its downtown Providence campus, the school announced Monday. more
Ten Network Holdings Ltd., Australia’s No. 3 free-to-air commercial broadcaster, has drawn interest from potential buyers including Time Warner Inc. and Discovery Communications Inc., people with knowledge of the matter said. more
Rhode Island ranks as the least friendly state in the U.S. for small business, according to a new survey by Thumbtack.com of 12,000 entrepreneurs. more
Single-family home prices in the Providence-Warwick metro area increased 3.2 percent year over year in June, the same level of growth reported a month earlier in May, according to the CoreLogic Home Price Index report released Tuesday. more
Capital Properties Inc. reported Tuesday that its second-quarter net income rose 79.3 percent to $450,000, or 7 cents per share, compared with $251,000, or 4 cents per share, during the same period a year ago. more
Service industries in the U.S. expanded in July at the fastest pace since December 2005, showing the economy was building more momentum at the start of the second half of 2014. more
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