Economic Activity
919 results total, viewing 471 - 480
Staples Inc., the largest U.S. office-supplies chain, will close as many as 12 percent of its North American stores and cut as much as $500 million in costs as online competition continues to hurt sales. The shares fell. more
Hospitals in Rhode Island generated an estimated $6.7 billion in statewide economic activity in 2012, supported about 43,100 jobs and provided $1.9 billion in wages, according to a report released Tuesday by the Hospital Association of Rhode Island. more
Small businesses nationwide reported improved optimism as 2013 drew to a close, and reports of capital spending increased significantly, but the index measuring business owners’ sentiment in December still fell below previous mid-year readings and trailed the pre-2008 recession average by six points, the National Federation of Independent Businesses said Tuesday. more
The Sam’s Club membership-only warehouse retail store at 25 Pace Blvd. reopened its doors Thursday after an 8 a.m. ceremony celebrating the creation of 167 new full- and part-time jobs at the location. more
The homeownership rate in the U.S. declined in the fourth quarter as higher borrowing costs and tight credit blocked many first-time buyers. more
The 11th Providence Business News Business Survey reveals once again that while many executives feel quite good about their own business, they are less sanguine about the rest of the state. And of course, that is a problem. more
U.S. stocks fluctuated, after the longest streak of weekly gains since February, as investors awaited retailer earnings reports to gauge the strength of consumer demand and the likelihood of cuts to monetary stimulus. more
Janet Yellen’s confirmation as chairman of the Federal Reserve with the least Senate support on record shows that the central bank still faces intense political scrutiny six years after the financial crisis. more
The U.S. economy expanded in the third quarter at a faster rate than previously estimated as consumers stepped up spending on services such as health care and companies invested more in software. more
Applications for U.S. unemployment benefits fell for the first time in three weeks as employers retained workers to meet demand. more
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