Economic Activity
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Hasbro profit drops in 4Q, 2012
Profit for Hasbro Inc. fell 6.4 percent to $130.3 million, or 99 cents per diluted share, in the fourth quarter of 2012 and 12.8 percent to $336 million, or $2.55 per diluted share, for 2012 as a whole, the company announced after markets closed Thursday. more
| 2/8/13
Owner of Yankee Candle prepares to sell
The Yankee Candle Co., the largest producer of scented candles in the United States, is currently in the preliminary stages of sale by owner Madison Dearborn Partners, the Reuters News Agency reported Monday. more
| 3/12/13
Honda to ship to Port of Davisville
Honda will begin shipping autos to the Port of Davisville in 2014, a “key sign of growth in the port’s emergence as one of the largest auto-importers in North America,” the Quonset Development Corporation announced Friday. more
| 4/19/13
Housing starts in U.S. post best 3 months in 4 years
Builders in November capped the strongest three months for residential construction in four years and permits climbed as record-low borrowing costs buoyed the U.S. housing market. more
Shaw’s parent faces restructuring after acquisition deal falters
Shaw’s Supermarket faces restructuring after a private-equity deal to acquire its parent company Supervalu Inc., faltered. more
Cape Wind secures financing for wind farm construction
Cape Wind, the company behind a planned 468-megawatt offshore wind farm in Nantucket Sound, announced today that it is one step closer to starting construction. more
| 3/19/13
Prov. station to get $5.7M facelift
Thanks to approval of federal funding allocations, the state has released the details of $5.7 million in improvements to the Providence railroad station, which serves Amtrak and MBTA passengers every day. more
| 4/15/13
Newport preservation society lands $500K for fellowship program
The Preservation Society of Newport County has won a $500,000 challenge grant from the National Endowment for the Humanities to establish a fellowship program studying the city’s history. more
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
Providence-area home prices slip further in September
Single-family home prices in Providence-Fall River-New Bedford metro area dropped 3.8 percent in September compared with the same period in 2011, according to CoreLogic’s Home Price Index. more
| 11/6/12
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