Economic Activity
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During the first quarter of 2013, Media General Inc. – parent company of WJAR-TV NBC 10 – saw losses narrow 48.6 percent to $17.7 million, or 65 cents per diluted share, from $34.4 million, or $1.53 per diluted share during the same three month period in 2012. more
The city this spring will once again apply for a federal transportation grant to fund a new streetcar system between Upper South Providence and College Hill, Providence officials said Friday. more
Sales of previously owned U.S. homes climbed in April to the highest level in more than three years even as the market remained constrained by a lack of inventory and strict borrowing rules. more
The number of homes in Rhode Island with underwater mortgages increased to 25.8 percent during the first quarter of 2013, CoreLogic reported Wednesday. more
Factory production in the U.S. rose less than forecast in September, indicating a pause in manufacturing leading into the budget battle that partially closed the federal government. more
Growth in the Massachusetts economy slowed considerably in the second quarter of 2013, hamstrung in particular by austerity measures by the federal government, local economy journal MassBenchmarks reported in its Current Economic Index Wedneday. more
The Providence Viaduct Replacement Project got underway with a groundbreaking ceremony at noon Monday, the R.I. Department of Transportation announced. more
U.S. stocks rose as manufacturing in the New York region expanded more than forecast and Citigroup Inc. rallied, offsetting data showing retail sales in June increased less than expected. more
Despite some signs of strength, the Ocean State economy turned in an overall “disappointing” performance in April, according to University of Rhode Island economist Leonard Lardaro, who … more
The cost of living in the U.S. rose less than forecast in May, restrained by the first drop in food prices in almost four years and signaling inflation remains under control. more
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