Economic Activity
915 results total, viewing 621 - 630
Foreclosures in the Providence-Warwick metro area declined to 1.98 percent of all outstanding mortgage loans for the month of January from 2.86 percent during the same month a year earlier, according to a CoreLogic report released Monday. more
The R.I. Department of Revenue collected $27.6 million less than expected in March, meaning the monthly total general revenue of $305 million fell 8.3 percent short of the $333 million originally projected, the department reported Tuesday. more
Companies boosted payrolls in March by the most in three months, adding to evidence the job market is recovering from a blast of harsh winter weather, a private payrolls report showed. more
Moody’s Investors Service issued a warning on April 17 regarding Rhode Island’s failure to reach a settlement with public employee unions over the state’s pension lawsuit, which will go trial on Sept. 15 following the breakdown in renewed mediation talks earlier this month. more
Employers in the U.S. boosted payrolls in March and the unemployment rate held at 6.7 percent even as more Americans entered the labor force, showing steady progress that will probably prompt Federal Reserve policy makers to continue reducing stimulus while keeping interest rates low. more
General Growth Properties Inc. CEO Sandeep Mathrani’s compensation surged more than fivefold to $22.1 million last year, boosted by the value of stock-option awards. more
Brian T. Moynihan, who runs Bank of America Corp., the second-largest U.S. lender by assets, was among a group of underpaid CEOs last year, according to a study by pay expert Graef Crystal. more
Harsh winter weather dragged down new home construction and Rhode Island’s overall economic performance in February, according to the Current Conditions Index produced by University of Rhode Island economist Leonard Lardaro. February’s CCI of 58 is lower than both January’s figure of 67 and the index for February a year ago, which was also 67, the report states. more
(Updated, 3:07 p.m.) The Rhode Island Foundation reported net assets of $734.4 million at the end of 2013, increasing by $101.6 million, or 16 percent, the $632.8 million reported the previous year, according to the organization’s 2013 annual report. Since 1993, the organization has seen its total assets increase more than 300 percent, from $197 million. more
WaterFire Providence will be able to request that the Army Corps of Engineers close the Fox Point Hurricane Barrier during WaterFire events in exchange for reimbursement of the costs, after the passage of a $12 billion U.S. water infrastructure bill on May 22. more
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