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Purchases of new U.S. homes exceeded projections in November, holding near a five-year high and showing the housing recovery was gaining momentum even as mortgage rates climbed. more
The R.I. Division of Taxation on Monday identified the first three projects to sign contracts under the state’s revived historic preservation tax credit program. more
During the first two weeks of December, 2,820 Rhode Islanders enrolled for private health insurance through HealthSource RI, more than doubling the number of Rhode Islanders that had enrolled in the exchange’s first two months of operation, HealthSource RI Director Christine Ferguson said Monday. more
Bank of New York Mellon Corp., the world’s largest custody bank, agreed to repay Massachusetts’ public pension funds $15.45 million to settle fraud claims brought by the state’s top securities regulator. more
Siemens AG, Europe’s biggest engineering company, agreed to supply turbines to the $2.6 billion Cape Wind project, the first offshore wind farm planned in the U.S. more
Gasoline prices rose a penny in both Rhode Island and Massachusetts this week, marking the fifth consecutive week of price increases, according to the weekly survey by AAA Southern New England. more
The construction and operation of wind turbines in Rhode Island does not depress nearby property values, according to a study by University of Rhode Island economist Corey Lang. more
Foreclosures in the Providence-Warwick metro area declined for the month of October compared with the same period last year, and also dropped slightly compared with a month earlier, according to a CoreLogic report released Monday. more
Consumer spending rose in November by the most in five months as Americans took advantage of store discounts during the year-end shopping season, giving the world’s largest economy a lift. more
Textron Inc., the manufacturer of Cessna aircraft and Bell helicopters, rose the most in almost two years after the Financial Times reported Friday that the company was near a $1.4 billion purchase of planemaker Beechcraft Corp. more
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