Economic Activity
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A.T. Cross profits rise 6.6% in 1Q
A.T. Cross Co. saw its bottom line rise 6.6 percent to $1.6 million, or 13 cents per diluted share, from the first quarter of 2012 to the first quarter of 2013, the personal- and business-accessories maker announced after the market closed on Thursday. more
| 4/26/13
Home sales drop, prices rise in R.I. in March
The median price of Rhode Island single-family home sales rose 9 percent in March compared with the same period a year ago, the Rhode Island Association of Realtors said Friday. more
Growth in U.S. trails forecasts as defense spending falls
The economy in the U.S. grew less than forecast in the first quarter as a drop in defense spending outweighed the biggest increase in consumer spending in two years. more
Initial jobless claims in U.S. decline more than forecast
Fewer Americans than forecast filed first-time claims for unemployment insurance payments last week, pointing to an improving labor market. more
Biz plan competition announces finalists
The Rhode Island Business Plan Competition has chosen six finalists for its 2013 competition, the organization announced Thursday. more
| 4/25/13
EDC funds 7 through Renewable Energy Fund
In the first round of 2013 grant funding through the Renewable Energy Fund, the R.I. Economic Development Corporation board of directors has approved a combined $184,334 to seven companies to support solar photovoltaic systems that will produce electricity in a “cleaner, more sustainable manner,” the quasi-state agency announced Tuesday. more
| 4/24/13
Chafee, DOT announce transfer of I-195 land
Gov. Lincoln D. Chafee and the R.I. Department of Transportation have announced the completion of the land transfer process between the state and the Interstate 195 Redevelopment District Commission. more
| 4/24/13
WJAR parent narrows loss in 1Q
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
| 4/24/13
Orders for U.S. durable goods decline by most since August
Orders for U.S. durable goods fell in March by the most in seven months as demand slumped for commercial aircraft and business investment cooled. more
New home sales strengthen as builders drive growth
Sales of new U.S. homes advanced in March as near record-low mortgage rates helped the industry complete the strongest quarter since 2008, putting the economy on firmer footing. more
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