Economic Activity
914 results total, viewing 41 - 50
U.S. stocks fluctuated, with the Standard & Poor’s 500 Index poised for its worst week since April, as investors weighed the implications of a corporate debt crisis in Portugal and assessed earnings reports. more
President Barack Obama will announce today that 26 companies including Woonsocket-based CVS Caremark Corp., Apple Inc., Johnson & Johnson and Coca-Cola Co. are committed to speed payments to their suppliers that are small businesses. more
The Committee on City Property tentatively approved the sale of an 8.5-acre parcel to Rhode Island College for $250,000, but the property first needs to go out to bid, according to the City Clerk’s office. more
An index of Rhode Island’s leading economic indicators rose 0.4 percent in May to 126.8 from 126.3 in April, the second consecutive month of gains in the state’s economic indicator index produced by Providence Business News and e-forecasting.com. more
Nearly 42,000 single-family homes in the Providence-Warwick metro area are located within storm-surge risk zones, and nearly 10,000 of those are at extreme risk, according to the 2014 storm-surge analysis released Thursday by real estate data firm CoreLogic. more
The Mohegan Tribal Gaming Authority, owner of Connecticut’s top-grossing casino, is accelerating its push outside the state as competition threatens to lure more players from its home turf. more
(Updated, July 10, 11:02 a.m.) Cape Wind Associates LLC has a tentative agreement to lease 14 acres at Quonset Business Park in North Kingstown as a staging area to build its planned 130-turbine windfarm off the coast of Massachusetts, the Quonset Development Corporation said Wednesday. more
U.S. stocks rose following a two-day selloff, as Alcoa Inc. rallied after earnings topped estimates and investors awaited minutes from the Federal Reserve’s last meeting. more
(Updated, July 10, 8:51 a.m.) The $2.4 million renovation of Kennedy Plaza will begin Tuesday, July 15, with an official groundbreaking ceremony, city spokeswoman Ann Gooding confirmed Wednesday. more
Rhode Island’s defense industry contributed $3.75 billion to the state’s economy in 2013 and supported as many as 33,806 jobs statewide, according to a report released Tuesday by the R.I. Defense Economy Planning Commission. The defense economy generated $1.93 billion in income for Rhode Island households last year as well as $106 million in tax revenue for the state. more
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