Economic Activity
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CVS’ Merlo helps
kick off The Garage
CVS Caremark Corp. President and CEO Larry Merlo on Tuesday told an audience of about 500 business, government and organizational leaders that success begins with an innovative idea. more
RWU to build sailing center
After raising $1.7 million in gifts and pledges during a weekend auction, Roger Williams University has announced plans to build a new waterfront sailing center on its Bristol campus. more
Treasuries advance as yields near 7-week highs spur demand
Treasury 10-year notes gained for the first time in four days as yields at almost seven-week highs attracted buyers betting subdued inflation will bolster the value of the debt’s fixed payments. more
Gas up 6 cents across R.I., Mass.
Rhode Island and Massachusetts drivers saw gasoline prices jump 6 cents this week after a nine-week decline, AAA Southern New England reported Monday. more
Rally matches 1990s Web-fed gains with valuations 28% lower
Returns from the U.S. equity bull market that started four years ago are matching those from the last half of the 1990s even as valuations are 28 percent lower. The Standard & Poor’s 500 Index has gained 26.2 percent annually, including dividends, since March 2009, the same as during the last 50 months of the technology bubble. more
Bristol Co., Mass., foreclosure starts drop significantly in March
Bristol County, Mass., foreclosure starts plunged 78 percent in March compared with the same period last year, The Warren Group said Monday. more
| 5/13/13
U.S. stocks decline after record highs amid retail sales data
U.S. stocks fell, after benchmark indexes climbed to record levels last week, even as government data showed retail sales unexpectedly rose in April. more
Lardaro: 1Q ends on ‘positive’ note
The first quarter of 2013 ended on a “positive” note following a weakening start to the year, according to University of Rhode Island economist Leonard Lardaro’s Current Conditions Index, released Monday. more
Productivity cooling as gains from tech boom fade
Four years into an expansion, the productivity of American workers has slowed and some economists say there are few signs it will soon rebound. more
Bloomberg News | 5/13/13
Condo plans for former Mansfield chocolate factory halted
Plans to turn a former chocolate factory in Mansfield into condominiums have been halted after local voters Tuesday rejected an article that would have rezoned the building for residential use, reported Attleboro’s Sun Chronicle. more
| 5/10/13
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