Economic Activity
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Business formations, closures both rise in 2012
For the first time since 2006 to 2007, Rhode Island saw two consecutive years of business growth, as 7,121 new corporate entities registered in the Ocean State in 2012 after more than 6,800 new businesses filed in the Ocean State in 2011. more
| 1/30/13
Cornish tapped to convert Superman building to apartments
Cornish Associates has been hired to redevelop the Industrial Trust Tower at 111 Westminster St. in downtown Providence and turn the city’s tallest building into apartments. more
Fitch says U.S. debt-suspension removes risk of downgrade
Fitch Ratings said the temporary suspension of the U.S. debt limit removes the near-term risk to the nation’s AAA credit rating. more
Providence metro foreclosure rate ticks up in November
The Providence-Fall River-New Bedford area foreclosure rate rose 0.2 percentage points in November compared with the same period in 2011, CoreLogic said Tuesday. more
| 1/29/13
Home prices climb by most in 6 years as U.S. market firms
Home prices in 20 U.S. cities rose in November from a year earlier by the most in more than six years, indicating the U.S. housing rebound is gaining ground. more
Home prices drop slightly in Providence metro, says LPS
Prices of residential properties in the Providence metro area experienced a 0.1 percent drop from October to November, according to Lender Processing Services most recent Home Price Index report. 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
Churchill & Banks, Hecht Development to pitch to I-195 Commission
Churchill & Banks Co. and Hecht Development will be the first two groups to pitch their ideas for the former Interstate-195 district in downtown Providence to the commission responsible for the land. more
Foreclosure starts drop in Bristol Co., Mass., in Dec., rise for year
Bristol County, Mass., foreclosure starts dropped 11 percent in December while finished foreclosures dropped 28.3 percent compared with the same period in 2011, The Warren Group said Monday. more
| 1/28/13
Oil extends 7-week gain as U.S. durable goods orders jump
Oil extended a seven-week gain in New York as orders for durable goods in the U.S. jumped, adding to optimism that an economic recovery will boost fuel demand. more
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