Economic Activity
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Leadership RI 2013 class to focus on Quonset Point
The 2013 Leadership Rhode Island class will focus its action projects on Quonset Point, Mike Ritz, executive LRI director, announced the plan at the group’s Un-Masquerade Party on Friday, Oct. 26. more
| 10/31/12
Construction employment rises slightly in Providence metro
Construction employment rose in 125 out of 337 metro areas, including the Providence-Fall River-Warwick area, dropped in 160 out of 337 metro areas, including the New Bedford metro area, and stayed stagnant in 52 metro areas from September 2011 to September 2012, according to a report from the Associated General Contractors of America. more
| 10/31/12
U.S. stocks advance as market reopens after Hurricane Sandy
U.S. stocks advanced as equity markets in the world’s largest economy reopened after Hurricane Sandy caused the longest weather-related shutdown since 1888. more
Gasoline falls on speculation superstorm Sandy will cut demand
Gasoline fell on speculation that demand will decline on the East Coast as Atlantic superstorm Sandy causes widespread flooding and power outages. more
Jobless rate drops in Providence metro area in September
Unemployment rates were lower in September in 345 of the nation’s 372 metropolitan areas, including the Providence-Fall River-Warwick metro area, according to non-seasonally adjusted data from the U.S. Bureau of Labor Statistics. more
| 10/30/12
Sovereign posts 11th consecutive quarter of profitability in 3Q
Sovereign Bank, N.A. – a subsidiary of Banco Santander S.A. – saw its 11th consecutive quarter of profitability, with net income of $123 million. more
| 10/29/12
Stock, bond trading shut a second day as Sandy hits New York
For the first time in more than a century, weather has stopped U.S. equity trading for two straight days as Hurricane Sandy swept across New York City. NYSE Euronext will this morning test a back-up plan in case its headquarters or trading floor are unable to open tomorrow. more
Projo parent posts $1.5M gain in 3Q
During the third quarter, A.H. Belo Corp., the parent company of the Providence Journal and three other daily newspapers, reported net income of $1.48 million, or 6 cents per diluted share, compared with a net loss of $135,000, or 1 cent per diluted share, for the third quarter of 2011. more
| 10/29/12
PBN postpones Summit on Employers and Education
In light of Hurricane Sandy, Providence Business News has decided to postpone the Summit on Employers and Education to Wednesday, Nov. 7. more
| 10/29/12
U.S. stock futures drop as East Coast braces for Hurricane Sandy
U.S. stock-index futures fell as Hurricane Sandy headed toward the East Coast, preventing equity markets from opening. more
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