Updated August 26 at 12:31am
Economic Activity
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Employers in April added the fewest number of workers in seven months and the U.S. jobless rate held steady as subdued economic growth prompted a more moderate rate of hiring. more
(Updated, 8:37 p.m.) It’s not the first time developers of the so-called Superman Building at 111 Westminster St. have sought city and state support to rehabilitate the iconic 26-floor Art Deco Providence office tower. more
(Updated 3:18 p.m.) SquadLocker, an online athletic apparel dealer, said it has signed a joint revenue agreement with USA Football, an organization which said it trains more high school and youth football coaches combined than any other in the United States. more
Consumer confidence fell to the lowest level since mid-December as Americans grew more pessimistic about the economy, their finances and the buying climate. more
Teen clothing chain Aeropostale Inc. overcame the first challenge to its bankruptcy reorganization plans, securing $100 million in interim financing over the objection of its main lender. more
Filings for U.S. unemployment benefits increased to a five-week high, a sign that progress in the strongest part of the economy may be moderating. more
America’s trade deficit shrank more than forecast in March as imports fell in percentage terms by the most in seven years and outpaced a decline in shipments overseas. more
Companies in April added fewer workers to U.S. payrolls than economists projected, signaling employment gains may have peaked, according to a private report. more
Sports Authority Inc., still seeking a buyer, has no current plan to liquidate, a lawyer for the bankrupt retailer said. more
Abigail P. Johnson, president and CEO of FMR LLC, the parent company of Fidelity Investments, and Gov. Gina M. Raimondo will be featured speakers at the Greater Providence Chamber of Commerce’s 2016 Economic Outlook Luncheon on June 2 at the R.I. Convention Center. more
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