Economic Activity
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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
Emphasis on flawed labor data misses R.I.’s recovery
The December 2012 labor-market data contained a number of very favorable developments. According to the data, Rhode Island’s unemployment rate fell to 10.2 percent, its lowest value in some time. more
Guest Column:
Leonard Lardaro | 1/28/13
Study: minimum wage hike not positive for R.I.
Rhode Island’s 35-cent hike in the minimum wage to $7.75 an hour on Jan. 1 won’t necessarily put more dollars into the state’s ailing economy, based on the findings of a new study by the Washington, D.C.-based Employment Policies Institute. more

By Rhonda Miller
PBN Staff Writer | 1/28/13

Creating a climate for job growth
GoGo Cast Inc. President David Paolo says Rhode Island deserves its national reputation for being unfriendly to business. Unlike some others who felt the same, however, his company has managed to stay and grow in the Ocean State. more

By Rhonda Miller
PBN Staff Writer | 1/28/13

Big year for ‘big business’
Gov. Lincoln D. Chafee’s proposed state budget for next year puts big business in the spotlight. more

By Patrick Anderson
PBN Staff Writer | 1/28/13

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
Greenwich Odeum reopening celebration to feature local artists
The Greenwich Odeum, which closed after the Station Nightclub fire in light of stringent new fire code regulations, is reopening its doors on Saturday, Jan. 26, with a celebration that includes local performing artists. more
| 1/25/13
Hasbro to cut jobs after 4Q sales trail forecast
Hasbro Inc., the maker of Nerf, Playskool and Transformers toys, fell the most in nine months after saying preliminary fourth-quarter sales trailed its forecast because of weaker demand in the U.S. more
Prudential Gammons Realty named IMLS ‘preferred partner’
Prudential Gammons Realty has been “specifically selected” as a partner to the International Multiple Listing Service (IMLS), and exclusive access to international leads, the company announced Wednesday. more
Taveras taps Flores-Marzán as urban development director
Rubén Flores-Marzán, the former president of the planning board of the Commonwealth of Puerto Rico, has been named Providence’s planning and urban development director by Mayor Angel Taveras. more
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