Economic Activity
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Underwater mortgages in metro area drop to 21% in 3Q
In the third quarter of 2012, 21 percent of the residential properties with a mortgage in the Providence-New Bedford-Fall River area were underwater, CoreLogic said Thursday. more
| 1/17/13
Gannett Co. to buy Belo for $2.2B
Gannett Co. Inc. and Belo Corp. have entered into a definitive merger agreement for Gannett to acquire the multimedia company for $1.5 billion in cash and the assumption of $715 million in existing debt, for a total value of roughly $2.2 billion. more
| 6/13/13
Jobless rate falls to 9.7% in Providence metro in October
Unemployment rates were lower in October in 329 of the nation’s 372 metropolitan areas, including the Providence-Fall River-Warwick metro area, according to non-seasonally adjusted data from U.S. Bureau of Labor Statistics. more
| 11/28/12
Gasoline falls on budget stalemate, estimate supplies gained
Gasoline fell on concern that the White House and congressional Republicans are far apart in budget negotiations and on speculation supplies rose last week. more
Rhode Island Foundation names 2013 innovation fellows
The Rhode Island Foundation has announced the two winners of its 2013 Rhode Island Innovation Fellowship, an annual program designed to stimulate solutions to Rhode Island problems by the state’s residents. more
| 4/16/13
Retail sales in U.S. climbed more than forecast in September
Retail sales in the U.S. rose more than projected in September, reflecting broad-based gains that indicate household spending helped bolster economic growth last quarter. more
Pump prices rise in R.I., Mass.
Gasoline prices in Rhode Island rose 3 cents to $3.55 over the last week, after dropping 2 cents a week ago, AAA Southern New England said Monday. more
| 1/28/13
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
Tax, regulatory reform needed to spur job growth
PBN: What are the three biggest issues here in Rhode Island that you will be able to work on when you are in Congress? more
By Richard Asinof
Contributing Writer | 10/15/12
New home sales decline, blemishes best year since 2009
Purchases of new U.S. homes unexpectedly decreased in December, a temporary blemish as the industry wrapped up its best year since 2009 to emerge as a bright spot for the economy. more
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