Economic Activity
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UNFI profits surge 42% in 1Q
United Natural Foods Inc.’ profit surged 42 percent to $21.6 million, or 43 cents per diluted share, during the quarter ended Oct. 27, from $15.2 million, or 31 cents per diluted share, during the first quarter of 2011. more
| 11/30/12
U.S. retailers’ sales miss estimates as Sandy cuts holiday
U.S. retailers posted November same- store sales that trailed analysts’ estimates as superstorm Sandy depressed traffic early in the month, overwhelming gains from the start of holiday shopping. more
EDC is ‘not broken,’ says Chafee
Gov. Lincoln D. Chafee will keep the state’s formerly beleaguered economic development apparatus intact for the rest of the year and in his proposed budget for the next fiscal year, he said Thursday. more
Chafee announces $3M in projected sales, new leads after trade missions
Recent trade delegations to Canada, the Dominican Republic and Panama resulted in 45 serious business leads and $3 million in projected new sales, Gov. Lincoln D. Chafee announced Thursday. more
| 11/29/12
RISD named world’s best design school
A Business Insider’s survey has ranked the Rhode Island School of Design the top design school in the world. more
R.I. home, condo prices rise in October
Rhode Island single-family home prices rose 10 percent in October compared with the same period in 2011, the first monthly price increase since May, 2011, the Rhode Island Association of Realtors said Thursday. more
U.S. stock futures rise on fiscal-cliff optimism
U.S. stock-index futures rose, indicating the Standard & Poor’s 500 Index will extend a three- week high, amid optimism President Barack Obama will reach an agreement with Congress over a new budget. more
URI looking to expand Providence presence
The University of Rhode Island plans to increase its presence in the state’s capital city, according to President David M. Dooley, as part of a strategy to better prepare its students for success as well as help Rhode Island’s economy grow out of the hole it is in. more
| 11/28/12
Purchases of new U.S. homes decline to 368,000 annual rate
Purchases of new U.S. homes unexpectedly declined in October, showing limited progress in the housing market recovery. more
Jobless rate falls to 9.7% in Providence metro in October
Unemployment rates were lower in October in 329 of the nation’s 372 metropolitan areas, including the Providence-Fall River-Warwick metro area, according to non-seasonally adjusted data from U.S. Bureau of Labor Statistics. more
| 11/28/12
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