Economic Activity
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Housing starts in U.S. post best 3 months in 4 years
Builders in November capped the strongest three months for residential construction in four years and permits climbed as record-low borrowing costs buoyed the U.S. housing market. more
Picerne signs $72M partnership deal with U.S. Army
Picerne Military Housing, a division of the Corvias Group, has closed a $72 million public-private partnership deal with the U.S. Army to build on-post barracks. more
| 12/18/12
Pagliarini named EDC chief of staff
Acting on recommendations from the Rhode Island Public Expenditure Council, John R. “J.R.” Pagliarini has been named the R.I. Economic Development Council’s inaugural chief of staff, Gov. Lincoln D. Chafee announced Tuesday. more
| 12/18/12
Report: R.I. table gaming likely to impact Conn. casinos in 2013
With table gaming recently approved for Twin River, the Rhode Island gambling scene is likely to impact existing casinos in the area in 2013, including Foxwoods and Mohegan Sun in Connecticut, according to a new Fitch Ratings report. more
| 12/18/12
Gasoline at U.S. pumps drops to lowest in a year on supplies
Retail gasoline prices in the U.S. fell to the lowest level in a year as refineries restored production and stockpiles rose to the most in eight months, blunting criticism of President Barack Obama’s energy policies. more
WashTrust gives for recovery
The Washington Trust Charitable Foundation has donated $15,000 to the Greater Westerly Chamber of Commerce Foundation for “Bring Back the Beach,” the Misquamicut Beach Recovery Fund. more
| 12/18/12
Oil rises for 2nd day in New York on fiscal deal speculation
Oil rose for a second day in New York on speculation that Republicans and Democrats are getting closer to a budget agreement. more
MassBenchmarks: Mass. economy faces ‘serious headwinds’
The economic fate of Massachusetts remains out of the hands of Bay State lawmakers, according to the latest edition of MassBenchmarks, released Monday. more
| 12/17/12
S&P 500 futures maintain gain even as Empire Fed Index slumps
U.S. stock-index futures maintained gains even as a Federal Reserve report showed New York-area manufacturing shrank more than forecast in December. more
Regional consumer prices rise 1.8% in November
The Consumer Price Index in the Northeast rose 1.8 percent over the last 12 months to 247.097 in November, the U.S. Bureau of Labor Statistics reported Friday. more
| 12/14/12
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