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The number of underwater homes in Rhode Island dropped 2.8 percent in the second quarter. There were 51,727 properties in the Ocean State worth less than the outstanding mortgages on them in the April-June period of 2012, according to the Santa Ana, Calif.-based real estate data firm, down from 53,208 in the first three months of the year.
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By PBN Staff
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Prices of goods imported into the U.S. rose in August for the first time in five months as the cost of petroleum surged.
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By Michelle Jamrisko |
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Moody’s Investors Service said it may join Standard & Poor’s in downgrading the U.S.’s credit rating unless Congress next year reduces the percentage of debt-to-gross-domestic-product during budget negotiations.
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By John Detrixhe |
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The U.S. trade deficit widened in July for the first time in four months as the global economic slowdown reduced demand for American-made goods.
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By Michelle Jamrisko |
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Oil traded near the highest level in a week in New York amid speculation that the U.S. and China will implement measures to revive their economies.
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By Grant Smith |
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Payrolls rose less than projected in August and the unemployment rate was unexpectedly driven down by Americans leaving the labor force, boosting the odds of additional Federal Reserve easing to spur a faltering recovery.
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By Shobhana Chandra |
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An index of Rhode Island’s leading economic indicators produced by Providence Business News and e-forecasting.com held steady at 120.3 in July.
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By PBN Staff
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The Standard & Poor’s 500 Index climbed above the highest closing level since 2008 as the European Central Bank announced specifics of its bond-buying plan and data boosted optimism in the American labor market.
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By Lu Wang |
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Fewer Americans than forecast filed applications for unemployment benefits last week, easing concern the labor market may weaken in the second half.
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By Lorraine Woellert and Shobhana Chandra |
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Labor demand posted online in the Northeast fell by 44,800 in August, according to a new report from The Conference Board Help Wanted Online data series.
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By Emily Greenhalgh |