Economic Activity
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Fitch says U.S. rating still unlikely to change until 2013
Fitch Ratings said its negative outlook on the U.S.’s AAA credit ranking is still unlikely to change before late 2013 as it waits to assess any deficit- reduction plans following this year’s elections. more
Home sales dip, condo sales rise in Bristol County, Mass. in Sept.
Single-family home sales in Bristol County, Mass. dropped 1 percent in September compared with the same period last year, The Warren Group said Thursday. more
A.T. Cross profits rise 4.8% in 3Q
A.T. Cross Co. saw profit increase 4.8 percent to $2.04 million, or 16 cents per diluted share, in the third quarter of 2012, compared with $1.9 million, or 16 cents per diluted share, in the third quarter of 2011, the personal- and business-accessories maker said late Wednesday. more
| 10/25/12
Foreclosure, delinquency rates rise in Providence metro
The Providence-Fall River-New Bedford area foreclosure rate rose 0.04 percentage points in August compared with the same period last year, Corelogic said Thursday. more
Sales of new U.S. homes rose to 2-year high in September
Purchases of new U.S. homes rose in September to the highest level in more than two years as the industry that helped bring on the recession forged its way toward recovery. more
R.I. exports surge 20.7% in August as U.S. exports fall
Exports from the Ocean State increased 20.7 percent in August after falling 14.3 percent in July on a month-to-month basis, according to an international trade statistics report from e-forecasting.com more
| 10/24/12
R.I. home sales rise, prices fall in September
Sales of Rhode Island single-family homes rose 8 percent in September compared with the same period last year, the 15th consecutive month of increased year-over year sales, the Rhode Island Association of Realtors said Wednesday. more
JH Partners acquires financial interest in Alex and Ani
Alex and Ani LLC, jewelry designer and retailer, has announced that JH Partners LLC, a private equity firm that specializes in growth capital for consumer-focused companies, has acquired a financial interest in their company. more
Oil drops to lowest in 3 months on economic outlook concern
Crude dropped below $87 a barrel to the lowest in almost three months in New York while London’s Brent futures fell for a sixth session as companies missed sales forecasts leading to concern about the global economic outlook. more
JWU purchases Clifford St. building for $2.8M
Johnson & Wales University has purchased a building in Providence’s former Jewelry District to become the future home of a new physician’s assistant program. more
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